Engie Italia and Wienerberger Sign Power-Purchase Agreement in Italy

   By Sonia Amaral Rohter

Engie SA (ENGI.FR) subsidiary Engie Italia has signed a power-purchase agreement with brick maker Wienerberger AG (WIE.VI) for renewable energy, the companies said Thursday.

Under the agreement, Engie Italia will supply electricity for Wienerberger's four brick-production plants in Italy.

The contract will last five years, with an applied price for the full duration, the companies said.

The electricity supplied will be produced by photovoltaic farms owned by Engie Italia.

"We are proud to be the first operator in Italy to have signed a 'Green PPA' contract that virtually connects our renewable production plants to an end customer," said Olivier Jacquier, chief executive of Engie Italia.

Write to Sonia Amaral Rohter at sonia.amaralrohter@dowjones.com

(END) Dow Jones Newswires

February 22, 2018 11:57 ET (16:57 GMT)

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