ENGIE aims to become a top energy provider in India

French energy company ENGIE is expanding its operations in India. The company launched its Supply & Energy Management division, which aims to help firms manage their energy use more efficiently. ENGIE wants to be one of the top three companies in India for corporate power purchase agreements (PPAs). The Indian market is preparing for a significant shift towards cleaner energy, according to ENGIE's executive vice president, Edouard Neviaski. Many businesses need effective PPAs to buy green electricity that meets their future energy needs. Neviaski emphasized that flexibility in these agreements is crucial, as energy demand fluctuates throughout the day and year. ENGIE sees great potential in India's corporate PPA market. The company has already signed global agreements totaling 4.3 gigawatts (GW) last year. By 2030, experts predict that there could be up to 100 GW of corporate PPAs in India. ENGIE aims to play a key role in this growth. In addition to PPAs, ENGIE will also look to develop power trading options in India. Currently focused on short-term markets, they plan to introduce longer-term contracts as the market evolves. ENGIE received a power trading license in December and aims to enhance market liquidity. Since starting in India in 2014, ENGIE has developed 2.3 GW of renewable energy projects, mostly from solar power. The company is looking to create more advanced green energy projects while maximizing surplus electricity by selling it to buyers not under contract.