French utility GDF Suez is betting on marine energy to help boost its renewable energy portfolio by 2015, according to reports.
Deputy Chief Executive Isabelle Kocher was quoted as saying that that by the end of 2015, GDF Suez would have renewables capacity of 21 gigawatts and that the firm is investing heavily to boost its renewables capacity.
GDF Suez’s renewables portfolio is dominated by hydro and wind power. The company is developing new generating technologies including those for marine energies such as fixed and floating offshore wind, energy from sea currents and cooling systems for seaside cities that pump up cold water from deep below the surface.