Energiser Investments Share Discussion Threads

[gibbs1] 29/7/2022 08:08

(MT Newswires) -- Engie's (ENGI.PA) first-half net income more than doubled year over year thanks to a sharp rise in energy prices following Russia's invasion of Ukraine.

The French utility company's net income grew to 5.01 billion euros ($5.13 billion) from 2.34 billion euros, while EPS rose to 2.04 euros from 0.94 euros.

Revenue for the six months was 43.17 billion euros, higher than 25.05 billion euros recorded in the year-ago period.

The group confirmed its full-year guidance, expecting a recurring income group share of 3.8 billion euros to 4.4 billion euros, based on the EBITDA forecast range of 11.7 billion euros to 12.7 billion euros and EBIT guidance of between 7 billion euros and 8 billion euros.

[waldron] 22/7/2022 16:19

utilitydive.com

ENGIE, clean energy groups press FERC to approve ISO-NE plan for state review of DER interconnections
Published July 22, 2022

Ethan Howland Senior Reporter



ENGIE North America and clean energy trade groups are supporting an ISO New England proposal to require distributed energy resources to pass through state interconnection review instead of the grid operator’s process.

The proposal would address an “acute barrier” to market participation that has hurt DER developers in New England, stymied progress toward state policy goals for distributed resource development, and created unnecessary burdens for ISO-NE, Advanced Energy Economy said in comments filed Wednesday at the Federal Energy Regulatory Commission.

Separately, ISO-NE on Wednesday urged FERC to respond to a complaint over how the grid operator accounts for the capacity value of generating resources, saying the commission’s guidance is needed because ISO-NE has just started a stakeholder process to review the issue.

Dive Insight:

Like other grid operators, ISO-NE has seen strong growth in DERs, partly driven by state policy. There was nearly 4,770 MW of solar from facilities less than 5 MW in the six New England states at the end of 2021, according to ISO-NE’s distributed generation forecast working group. The working group expects that capacity to grow to 11,520 MW in 10 years, according to a May presentation by the grid operator.

Currently, some DERs are required to go through ISO-NE’s interconnection review while others go through a state process. Sorting them out is a complex, inefficient process that has led to mistakes that have hurt DER developers, ISO-NE said in a late June application at FERC.

“These errors have created a prohibitive level of uncertainty in the DER development, interconnection, and wholesale market registration process, which has chilled investment in New England, is a significant barrier to development and has resulted in adverse pecuniary outcomes for ENGIE projects,” ENGIE said in comments to FERC.

ENGIE has had dozens of DER projects barred from ISO-NE’s capacity auction after it was determined they had gone through the wrong interconnection process, sometimes due to advice of the local utility, according to the company.

Under the proposal, which grew out of a stakeholder process, all new DERs will go through state interconnection processes, similar to DER aggregations.

“By applying only one interconnection process, the state interconnection process, the proposal resolves the coordination problems and inefficiencies that ISO-NE highlighted in its filing,” ENGIE said.

Without ISO-NE’s proposed revisions, “the uncertainty and delay that new interconnecting DERs have faced in New England will only worsen as penetration of DERs continues to accelerate in response to state policies and consumer demands,” AEE, a clean energy trade group, said.

Exempting DERs from ISO-NE’s interconnection procedures will not hurt the grid operator’s ability to study how the distributed resources could affect grid reliability, AEE said, noting ISO-NE’s reliability review process will remain unchanged.

The Solar Energy Industries Association also supported ISO-NE’s proposal, which the grid operator asked FERC to let take effect by Aug. 28.

Meanwhile, ISO-NE on Wednesday asked FERC to resolve a mid-March complaint by the American Clean Power Association and RENEW Northeast over the way the grid operator calculates the capacity value of generating resources.

ISO-NE launched a stakeholder process in June to overhaul its resource capacity accreditation rules in the forward capacity market, the grid operator said, noting it aims to file a proposal with FERC late next year.

FERC guidance would help that process so stakeholders and ISO staff don’t waste time developing a plan that the commission might ultimately reject, according to ISO-NE. However, as long as the complaint is pending, ISO-NE staff and FERC commissioners and staff cannot discuss the issue because of the federal agency’s ex parte communications rules, the grid operator said.

“Given the significant value of such communication with the Commission regarding this on-going market reform effort, the ISO is requesting that the Commission act expeditiously on the complaint, in order to remove this barrier,” ISO-NE said.

[waldron] 20/7/2022 12:36

Watchdog warns French tie-up set to up HS2 costs

07/20/2022 | 06:31am BST


TAXPAYERS could be landed with an even bigger bill for HS2 if a merger between two French engineering giants goes ahead, the UK's competition watchdog warned yesterday.

The £6bn takeover of Engie-owned Equans by Bouygues agreed last year would see two of the only serious bidders for a contract for overhead power cables on the high speed line become one entity.

The Competition and Markets Authority (CMA) yesterday said that as the merging businesses were two of a small number of bidders for the lucrative tender, it was "concerned [the merger] could make the remainder of the tender process less competitive."

The contract for the delivery of catenary systems - the overhead power cables used to supply electricity to trains - is currently at an advanced stage.

The CMA's senior director Colin Raftery said that it was "important to ensure that this process isn't under- mined, as this could result in unnecessary additional costs, ultimately leaving taxpayers worse off".

The French giants have five days to respond to the competition watchdog's concerns.

The controversial rail project has already been hit with delays and cost overruns, and is still subject to substantial political opposition.

Though building work has started there remains disagreement on where and how quickly the line will eventually be delivered.

A Bouygues spokesman said: "Bouygues is working on appropriate commitments to respond to the CMA's concerns."

If the competition watchdog is not satisfied with the response it will likely trigger a so-called phase 2 investigation with a more in-depth dive into the implications of the tie-up.

Engie were not immediately available for comment last night.

City A.M., source Newspaper

[waldron] 05/7/2022 16:07

Engie Brasil Energia nearing coal segment exit

Bnamericas Published: Tuesday, July 05, 2022

Environmental evaluation Onshore Wind Coal Generation Transmission Lines Clean Energy Transition


Engie Brasil Energia is about to exit the thermoelectric segment, as it expects to conclude the sale of the Pampa Sul plant by year-end, a company spokesperson told BNamericas via email.

With 345MW installed capacity, the 2bn-real (US$380mn) asset is the last coal-fired one in the company’s portfolio and located in Candiota municipality, in Rio de Grande do Sul state. It started operations in 2019.

“The sale is positive for Engie's plans to direct operations and investments to renewable energy projects and transmission infrastructure, and is also important for the region's economy to reinvent itself, enabling a socially just transition,” the spokesperson said.

Between 2017 and 2021, the company invested 21.5bn reais in construction and acquisitions in Brazil, including 32.5% of TAG and the transmission line business, with over 2,800km of undertakings in the final stages of implementation, “an essential segment for the energy transition to occur in a fair and accessible way for all,” the spokesperson highlighted.

During the same period, renewable generation operations grew 34%, increasing the company’s installed capacity by 17% to 8,441MW. The share of renewable sources of this total grew from 86.2% in 2020 to 96% in the following year.

The company recently acquired lot 7 in Brazil's first transmission tender of 2022. Located in Pará, the project is necessary to meet the power load growth in the state’s southeast.

According to a recent survey published by local energy and environment entity Iema, Engie recorded one of the three highest CO2-equivalent emission rates among companies that own public service thermoelectric plants fired by fossil fuels and connected to the national grid in 2020.

But the French group doubted the results, highlighting that in 2020 it recorded average efficiency of 30.8% at the Jorge Lacerda thermoelectric complex, with specific consumption of 0.62t of coal/MW, and 35.2% (0.89t of coal/MW) at Pampa Sul.

“A deeper analysis of the study seems necessary to understand what mathematical methodology was used to arrive at the reported data, which do not agree with the company's findings,” the spokesperson said.

In 2021, Engie sold Jorge Lacerda to Diamante Geração de Energia and increased Pampa Sul’s energy efficiency by 0.2 percentage points.

[sarkasm] 04/7/2022 10:16

GTT receives order from Samsung Heavy Industries

Published by Abi Larkin, Editorial Assistant
LNG Industry, Monday, 04 July 2022 10:00

GTT has announced that it has received an order from its partner, the Korean shipyard, Samsung Heavy Industries for the tank design of two new LNG carriers on behalf of a European ship owner.

These two LNG carriers will have a total LNG tank capacity of 174 000 m3 per ship and will be fitted with the Mark III Flex membrane containment system, developed by GTT.

Deliveries of the vessels are scheduled for 4Q24 and 1Q25.

[grupo guitarlumber] 02/6/2022 09:33

WIND TECHNOLOGY.COM

June 2, 2022
Engie, Google Cloud to develop AI solution for wind energy

The AI solution will predict price and quantity of wind power to be sold in the market.
The project is expected to benefit the wind facilities across the globe. Credit: Pexels from Pixabay.

French utility company Engie has partnered with tech giant Google for developing an artificial intelligence (AI)-based wind energy solution.

Under this new partnership, Engie and Google Cloud’s AI Services and Industry Solutions (AIIS) will work together to develop a solution that can predict the price and quantity of wind power to be sold in the market.

Google Cloud Global Energy Solutions director Larry COCHRANE said: “At Google Cloud, we believe that more accurate data and predictions of wind power production will be valuable to electricity grids, creating benefits for consumers and making wind more competitive with fossil fuels.

“We are delighted to work with ENGIE on this project, which can accelerate Europe’s clean energy transition, while laying the groundwork for wind farms around the world to benefit from improved forecasting via Artificial Intelligence.”

AI solution will make use of performant and scalable data system as well as advanced machine learning (ML) algorithms to support decision making process.

Once completed, the project is expected to benefit the wind facilities across the globe with increased forecasting capabilities using AI.

ENGIE Global Energy Management & Sales executive committee member Alexandre Cosquer said: “ENGIE’s business entity ‘Global Energy Management & Sales’ has been developing its systems in the last decade to cope with the challenges involved in managing renewables assets.

“With already a double expertise in risk and data management, we were looking to intensify the renewables development, and to partner up with one of the most superior experts not only in data management but also in Machine Learning technology.

“Data, Digitalization and Risk Management are key enablers to bring value and accelerate the decarbonation of our power grids; in that context, a partnership with Google was obvious.”

[waldron] 26/5/2022 13:06

Engie to build CSP plant for Heineken Spain

Heineken Spain president Etienne Strijp (L), managing director Energy Solutions
ENGIE Espana David Liste. Image source: Heineken Spain (www.heinekenespana.es)

May 26 (Renewables Now) - Engie Espana has signed an agreement with Heineken NV’s (AMS:HEIA) Spanish unit to build a concentrated solar power (CSP) plant at the Heineken brewery in Seville, the pair announced on Wednesday.

Engie Espana will work on the project under the build-own-operate-transfer (BOOT) contract, taking on design, management and financing duties. It said that it will supply power to Heineken Spain for the next 20 years.

The future plant will located within the brewery’s grounds in Seville, and will generate electricity for the facility as a self-consumption system, according to the joint statement. The solution will enable Heineken Spain cut fossil gas consumption by over 60% at the Seville brewery.

Engie Espana is part of French utility group Engie SA (EPA:ENGI)

[waldron] 25/5/2022 11:24

off shore energy .biz


GTT will design fuel tank for new LNG carriers DSME is constructing

Infrastructure

May 25, 2022, by Sanja Pekic

Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has ordered tank design for new LNG carriers from French LNG containment specialist GTT.
GTT will design fuel tank for new DSME's LNG carriers
Illustration only; Courtesy of DSME

On 24 May, GTT informed in a statement that it received this order the previous month from its partner the Korean shipyard DSME. The order specifically refers to the tank design of two new LNG carriers.

According to the order, GTT will design the tanks of these two new vessels with a total LNG tank capacity of 174,000 cbm per ship.

Each tank will feature the NO96 GW membrane containment system.


DSME will deliver the first LNGC in the third quarter of 2025, and the second one in the third quarter of 2026.

Both the shipyard and the tech specialist did not disclose further information.

[florenceorbis] 20/5/2022 15:33

BARCELONA (Agefi-Dow Jones)--The British authority of the
competition (CMA) announced on Friday that it was reviewing the takeover
d'Equans, the multi-technical services activity of the distributor of
gas and electricity Engie, by the diversified conglomerate Bouygues
to determine if the transaction would decrease in such a way as to
significant competition in the United Kingdom.

The CMA has indicated that it will issue its so-called "Phase 1" decision to the
later than July 19.

Interested parties are invited to comment
on the transaction, the competition authority added.

-Kyle Morris, Dow Jones Newswires (French version Alice Doré)
ed: VLV

[florenceorbis] 20/5/2022 14:39

Engie to build 8.6 MWp PV park in Romania for Saint-Gobain



BUCHAREST (Romania), May 20 (SeeNews) - The Romanian arm of French multinational utility company Engie said that it has signed a contract with the local branch of French building materials group Saint-Gobain to build a 8.6 MWp photovoltaic park at its factory in Calarasi, southern Romania.

Saint-Gobain Romania will use all energy produced in the park built by Engie for its own needs, the two companies said in a joint press release.

The ground-mounted photovoltaic panels will provide around 20% of the energy needed for the operation of Saint-Gobain's glass plant in Calarasi, reducing CO2 emissions by more than 2,400 tonnes per year. The amount of the renewable energy produced is estimated at more than 14,000 MWh per year.

The partners did not disclose the amount and the timeline of the investment.

"The partnership with Saint-Gobain is another step towards consolidating our expertise in offering tailor-made green solutions to our customers," Engie Romania CEO Eric Stab said.

The project is part of the two companies' decarbonisation drive. At the global level, the Saint-Gobain Group is committed to reduce carbon emissions by 33% by 2030 as compared to 2017, while Engie plans to become carbon neutral by 2045.

"For Saint-Gobain, sustainability is one of our top priorities and this investment is a further step in achieving our environmental objectives in Romania, substantially contributing to the reduction of our carbon footprint, in line with our Grow & Impact strategic plan, which underlines our firm commitment to protect existing resources and achieve carbon neutrality by 2050," Saint-Gobain Romania CEO Ovidiu Pascutiu said.

Saint-Gobain Group operates in 75 countries worldwide and has over 180,000 employees.

In Romania, Saint-Gobain employs over 1,800 and offers a complete range of solutions and systems, with several production lines manufacturing gypsum, mineral wool, mortars, building and automotive glass, and abrasives in 13 industrial sites.

France's Engie Group is present in Romania in natural gas, electricity and energy services, and employs 4,050. Engie Romania owns companies Distrigaz Sud Retele, ENGIE Servicii, Alizeu Eolian, Braila Winds and Tulcea Gaz, serving a total of 1.922 million customers.

(1 euro=4.9474 lei)

[misca2] 14/5/2022 10:14

PARIS (Agefi-Dow Jones)--The distributor Casino has mandated several banks to sell GreenYellow, its subsidiary specializing in renewable energy production and energy services, Reported Friday Les Echos.

Casino would expect around 1.5 billion euros for this subsidiary, of which it owns 73% and which counts as other shareholders Tikehau Capital and Bpifrance.

Energy companies Engie, TotalEnergies and EDP are studying the case as well as several investment funds including Ardian, KKR, Blackstone, and EQT. The first offers are expected within a fortnight, said Les Echos, citing "concordant sources".

Contacted by the Agency Agefi-Dow Jones, spokesmen for Casino and Engie did not comment. A spokesman for TotalEnergies was not immediately available for comment.

[grupo guitarlumber] 13/5/2022 10:17

Upcoming events on ENGIE

May/17/2022 | 07:15am Q1 2022 Earnings Release

May/17/2022 | 09:00am Q1 2022 Earnings Call

[waldron] 11/5/2022 13:19

11 May 2022 | 07:53 UTC

France's Engie to bid on Saudi Yanbu wind farm, look at new Abu Dhabi solar project

[waldron] 09/5/2022 19:30

Engie, OCI, EEW plan gigawatt-scale hydrogen project in Netherlands
Hynetherlands infographic. Image by ENGIE Energie Nederland NV.

May 9 (Renewables Now) - French utility Engie SA (EPA:ENGI), Dutch methanol producer OCI NV (AMS:OCI) and Germany’s EEW Energy from Waste GmbH (EEW) have teamed up to develop a hydrogen and e-methanol project in the Netherlands.

Located in Groningen province in the north of the Netherlands and dubbed HyNetherlands (HyNL), the project will initially consist of a 100-MW electrolyser powered by offshore wind that will produce hydrogen for e-methanol production, as well as for supply to the local mobility and industry sectors. The ambition is to increase the electrolyser capacity from 100 MW in 2025 to 850 MW in 2030 and 1.85 GW in the early 2030s.

Engie's role will be to produce hydrogen. The 100-MW electrolyser, powered by 200 MW of offshore wind, will be located at the Eems power plant in Eemshaven. An EEW carbon capture plant will be sited at the existing waste-to-energy plant in Farmsum, while OCI’s BioMCN methanol facility in the Delfzijl chemical park in Farmsum will combine hydrogen and biogenic carbon dioxide (CO2) to produce e-methanol.

“Methanol is one of the most effective green hydrogen carriers and will be key to the development of the hydrogen economy in the Netherlands and Europe,” according to OCI chief executive Ahmed El-Hoshy.

The Engie and OCI plants will be connected to the hydrogen network being developed by Dutch gas network company Gasunie in the Netherlands and northern Germany.

The partners will aim to secure the needed financial support and government approvals and have applied for grants from the EU Innovation Fund.

[waldron] 09/5/2022 14:04

Upcoming events on ENGIE

05/17/22 | 07:15am Q1 2022 Earnings Release
05/17/22 | 09:00am Q1 2022 Earnings Call

[waldron] 03/5/2022 20:33

Bills skyrocket for customers of alternative French energy supplier

The provider transferred from the capped regulated tariff to volatile market rates, leaving some customers facing rises of more than 400%

3 May 2022 16:02

Customers of now defunct alternative energy supplier Planète OUI saw their bills soar

By Emma Morgan

Households whose energy supply is provided by alternative French suppliers have been shocked by a sudden rise in their bills.

Customers whose bills are linked to the tarif réglementé du gaz naturel and/or d’électricité state-regulated tariffs should not currently be seeing a rise in their energy costs, as the government has capped price increases.

This is the case for customers of the historic national suppliers EDF and Engie but also of alternative firms whose rates are indexed on this regulated tariff.

[waldron] 03/5/2022 11:26

ENERGYVOICE


French ban on US LNG reverses with Engie deal

Engie has signed a 15-year sale and purchase agreement for buy US LNG, reversing France’s implicit ban on shale gas supplies.

By Ed Reed
03/05/2022, 7:52 am


Engie has signed a 15-year sale and purchase agreement for buy US LNG, reversing France’s implicit ban on shale gas supplies.

The company signed up to buy the 1.75 million tonnes per year from NextDecade’s Rio Grande LNG project. The plant will be in Brownville, in Texas.

Engie will buy the LNG on a free on board (FOB) basis, from the first two trains of the Rio Grande LNG project. NextDecade expects first production in 2026.

In 2020, the French government was said to be obstructing the deal, citing concerns around emissions. Engie had been in the process of striking a deal for supplies from the Rio Grande LNG plant.

“The signing of this SPA is an important step in showing our commitment in the areas of environmental stewardship, social responsibility, and governance best practices, while upholding the LNG industry’s highest standards,” said NextDecade’s chairman and CEO Matt Schatzman.

“It also shows how we can help meet our buyers’ climate change initiatives, while providing them access to secure energy supply.”

The US LNG project intends to capture more than 90% of emissions via a carbon capture and storage (CCS) plan.

NextDecade expects to reach a final investment decision (FID) in the second half of 2022 on at least two trains. It would then approve the next three at a later date. The five-train plant would have up to 27mn tpy of capacity.
Long-term leap

There have been a flurry of recent deals for long-term supplies from US LNG projects. Europe has historically lagged in this regard but there are signs that countries are reconsidering the importance of LNG as bulwark of energy security.

In addition to the Engie-NextDecade deal, Energy Transfer also announced the signing of an agreement to supply LNG to Gunvor.

Energy Transfer said it would provide 2mn tpy of LNG to the trader, on an FOB basis, from the Lake Charles LNG export facility. Exports are expected to start in 2026. #

While European buyers have been slow, China has taken a commanding position in securing long-term LNG deals. In March, ENN signed two SPAs with Energy transfer for a total of 2.7mn tpy.

ENN also signed up another 1.5mn tpy with NextDecade, from the Rio Grande LNG project, in April.

Shell had been participating in the Lake Charles plan until 2020, when it pulled out. At that time, Energy Transfer said it would reduce the scale of the plan to two trains, with a total of 11mn tpy of capacity.

[misca2] 27/4/2022 21:42

Upcoming events on ENGIE

July/29/2022 Interim 2022 Earnings Release

[grupo guitarlumber] 26/4/2022 12:51

April 27, 2022: dividend payment date