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[waldron] 08/12/2017 08:56

Engie targets 100% renewable gas supply in France by 2050
Photo by Steve Jurvetson (Flickr) [CC BY 2.0 (hxxp://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

December 7 (Renewables Now) - French energy group Engie (EPA:ENGI) believes it will supply its French clients with gas of 100% renewable origin by 2050.

The established natural gas supplier on Monday announced it will invest heavily in biomethane and hydrogen to green its gas offering.

Engie is already working on some forty biogas projects in France - facilities that turn waste, mostly agricultural waste, into methane.

The French company also wants to develop hydrogen production units, converting electricity produced by renewable sources into gas to power fuel cell vehicles. "We are going to gradually green our gas supply, so that by 2050 it can be 100% green," CEO Isabelle Kocher told a press conference.

At the start of November, Engie created a new entity to focus on the development of renewable hydrogen, and unveiled a new green gases partnership with Total SA (EPA:FP).

"We are interested in developing big projects to create industrial standards, lower costs and ensure that the business grows from small projects, currently representing around 1% of the demand in France - to something closer to 100 %," she added.

Gas is a necessary ingredient for the energy transition to work because the more renewable electricity enters the energy mix, the bigger the problem of the intermittency of these sources gets, underlined Isabelle Kocher, for whom the " pain threshold "is around" 20-30% "and must be overcome by means of gas storage.

Engie estimates that "green" gas could represent 10% of French consumption by 2025 and 30% in 2030. The company's renewable gas investments are expected to grow from "a few dozen" to "a few hundred" million euros a year.

[maywillow] 06/12/2017 18:21

06/12/2017 | 1:31 p.m.
IN GREAT BRITAIN, SOUTH KOREAN COMPANY KEPCO PRE-SELECTED FOR NUGEN PROJECT
South Korean electricity utility Kepco announced on Wednesday that it had been shortlisted by Toshiba for the NuGen project to build a nuclear power plant in Moorside, northwestern England.

Korea Electric Power Corporation said in a statement that it would now negotiate a stake in the project, with the goal of signing an agreement in the first half of 2018.

This success comes as South Korea seeks to reduce its nuclear energy consumption, particularly for security reasons, while continuing its export efforts.

A spokesman said the company had yet to obtain a London certification to be able to use its nuclear reactor construction technologies.

The future of the NuGen project has been clouded by Toshiba's financial difficulties.

NuGen was originally a 60-40% joint venture owned by the Japanese conglomerate and French Engie, but the latter sold its stake in the Japanese group this year after the bankruptcy of Westinghouse, Toshiba's US nuclear subsidiary.

The project includes three reactors to supply about 7% of Britain's total electricity demand.

In 2009, a South Korean consortium led by Kepco won a $ 18.6 billion (€ 15.7 billion) contract to build four 1400 APR nuclear power plants in the United Arab Emirates, its first contract won by the United States. export.

(Jane Chung, Catherine Mallebay-Vacator for French Service, edited by Véronique Tison)

[waldron] 05/12/2017 11:54

Last night, Engie announced the acquisition of two South African energy services companies, Thermaire and Ampair, which together employ around 500 people in South Africa and Mozambique. No amount has been specified.

Together, the two targets, who often work together, will be 'the number one player in HVAC (Heating, Ventilation, Air-Conditioning) installations and maintenance in South Africa with a strong export capability in South Africa. skills in Southern Africa ', says the French energy company.

[florenceorbis] 04/12/2017 08:54

PARIS :
- 09h00 Engie / Conférence de presse sur "les gaz renouvelables"

[waldron] 03/12/2017 18:15

Blackstone Teams Up With Brazilian Partner To Buy $6B Gas Pipeline
By Zainab Calcuttawala - Dec 01, 2017, 10:00 PM CST Nat Gas

The Blackstone Group teamed up with a Brazilian partner to bid on a deal to operate a natural gas pipeline network in the South American country’s northeast, according to a new report by Bloomberg.

Blackstone and Patria Investimentos formed a partnership to make a non-binding offer on the company. Three other groups made similar moves, according to anonymous sources. Mubadala Development and EIG Global Energy Partners made an offer to purchase a 90 percent stake in Transportadora Associada de Gas. French Engie and its consortium made another offer. A final decision should be made by the second quarter of next year.

The economy of Brazil has been struggling lately, and has been weighed down by the collapse in oil prices and a massive corruption scandal that saw the former CEO of state oil company Petrobras formally indicted in August. But Brazil’s government is striking back by opening up its energy and mining industries to foreign investment. Brazil’s legislators put forward a list of 57 major state infrastructure assets that will be put up for privatization, giving investors access to these strategic sectors for the first time in decades.

Related: China's EV Plan Could Cause An Oil Price Crash

Two tender rounds for exploration rights in the pre-salt areas of Brazil have attracted the attention of ten oil companies. Discovered only 10 years ago, Brazil’s pre-salt area has rapidly become the biggest oil-producing area in the country. Just earlier this month, Petrobras discovered commercial oil in a whole new pre-salt area known as the Marlim Sul Field in the Campos Basin, located about 70 miles off the shore of Rio de Janeiro.

"Today we have nine that have expressed interest in the second (auction) and ten that have expressed interest in the third," Waldyr Barrosos, director of the industry watchdog ANP said during an event in Rio de Janeiro earlier this year.

By Zainab Calcuttawala for Oilprice.com

[sarkasm] 29/11/2017 15:53

ENGIE: ‘Phasing-out coal, as quickly as possible’

By Frédéric Simon | EURACTIV.com

15:59 (updated: 16:01)

Languages: Français

Isabelle Kocher, the CEO of Engie, wants to “accelerate221; the energy transition. After the COP23 in Bonn, she warns that Europe is “running out of time” and advocates both for “very high and mandatory” targets for energy savings, and for a floor price for carbon.

We had a very interesting debate this morning with representatives of the European Commission, a European parliamentarian, Claude Turmes, the head of the international energy agency, and then the Engie team and other people who attended, on the way to take action on the energy transition.

I was in Bonn a week ago, we must accelerate. It is a race against the clock and we are running out of time. We have completely changed our business model, we went from a business model where we were essentially an energy producer to a business model in which a big part of our job is to transform energy, and the value in that lies generating energy savings.

So for example we work with a building owner, it can be a public or a private actor, who decides to analyse its energy consumption in all its forms, in its building stock, and in its utilities. Generally the biggest part, about three quarters of the energy consumption, it’s not about electricity, it is heating and cooling.

We start working with the building owner to watch all the energy uses, digitalise them, optimise them, change the systems, and there we win 30 % and sometimes more in terms of savings generated, and we share these savings with him. This is the business model.

The challenge is the same with private individuals. We have in the building stock potentially huge savings, which are probably also in the order of 30%. We provide a set of services to reach this 30%, which is more complicated because it is rare that a private home owner is ready to commit to a fifteen years plan. So there are mechanisms to find, and build business models long enough so that, as we do in the public sector, we can engage in the long-term allowing us to find important energy savings.

The texts that are being prepared in Brussels right now, the famous clean energy package, are very important texts that will allow us to turn the corner. We are very supportive of setting energy efficiency targets that are both very high and which are binding. There are debates that put this at 30% or 40%. I believe that the 40% currently being promoted by a lot of parliamentarians (or at least some of them) is not very far from what France has decided, because even if setting a goal is not enough to reach it, of course, setting an ambitious goal requires rethinking and upping ambition, and then to do some kind of retroactive planning to develop a roadmap that matches the scale of what is needed. It allows all actors to shift their mind-set: at 40%, you really have to review the system completely and therefore to prepare a mountain race and not for a stroll in the park, if you see what I mean. It’s really a question of shifting mind-sets.

These very ambitious multiannual targets have this immense merit. But that’s not enough: then you need mechanisms, you have to translate these goals into standards and norms. For building stock, for example, to be consistent with these goals, you need mechanisms, business models that once again allow investments in the long term.

Our strategy is really two-pronged. The first, we just talked about it, is working on reducing the energy use and it is here that we are growing faster. In the first nine first months of this year our activities on that side have grown by almost 10%. And then of course we work also on energy supply and we focus on low carbon activities and energies.

We have decided to stop producing electricity from coal. When we started this plan in early 2016 we were at 15% of our electricity being generated from coal at Engie. In a little more than 18 months we have already come halfway.

That means, in a number of cases, closing factories because in those territories in which they are we do not need that capacity. In Australia for example we closed a very big factory producing electricity from coal.

And then in other cases, I am thinking about a discussion with the Indonesian government, we cannot close down the plants. They are absolutely necessary to bring energy to the country, which badly needs it, so we sold the plants. It is a case-by-case approach but we are proceeding quickly in this disinvestment.

We have planned to get out of the coal as soon as possible and as I just said we have done half of that in 18 months. Now we have to find appropriate terms and conditions. There are some power plants we are still in the process of building. Engie is a responsible group who has made commitments, and who will respect them anyway.

Gas plays an important role because it is probably the smarter way to store energy. My colleagues said that for storing the quantity of energy equivalent to a single gas storage facility, and we manage a number of those in the world, you have to stack batteries up to the moon and back. It’s just an image, but there is in gas an ability to store energy that is very effective.

So we are fighting for this gas to gradually become green. That is, natural gas is essential today because it has no competitor for energy storage. And then when we think of the intermittence of renewables, we clearly have a problem.

Our use of energy does not match the profile of a solar panel’s energy production for example – at all. So you need a bridge between the two. Natural gas is necessary, and then gradually this gas needs to be greened. We work a lot on biogas – that is, the ability to avoid taking gas from the soil, which actually puts CO2 in the atmosphere, but to manufacture it, for example by fermenting agricultural waste. It’s a mechanism that works well, which is currently being industrialised.

It is still too expensive but we are working on it. And then there is hydrogen, which I think is very promising, because with renewable electrons that are becoming less and less expensive we can make hydrogen by causing the electrolysis of water.

We take water and then we separate hydrogen on one side, oxygen on the other, and create a gas that is green, and capable of storing energy. So these are all circuits there we are working on to bring down the costs. I think we can reasonably say that at the rate that things are moving that we will achieve costs that are compatible with a gas that is green, and which will play this very important role of balancing, and providing the flexibility that renewable energies do not have, and there will be no more carbon-based energy.

The scenarios of greening gas are obviously progressive. We now start to feed biogas into our pipes in France for example, and to produce biogas and hydrogen, and we are working on scenarios that make it possible to arrive at total de-carbonization of the gas supply in the 2050s. We all have in our head that we must have decarbonized the energy system by about this time.

I have nothing against the fact that the European Union, which we called upon for years to have an ambitious energy policy, gives its vision of the infrastructures that must be put into place to achieve it.

We have to do it at the right moment, that is before launching projects, and that is earlier rather than later. There is obviously a need to absolutely avoid undermining projects or making them completely unreliable because the rules of the game change in the middle of the project.

If we want a de-carbonised system, and Europe has made very strong choices in not only in energy efficiency, but also on decarbonising the energy demand, you have to be consistent until the end. It is very hard for a European citizen to be told that on the one hand we put a lot of money into developing renewable energy, which was initially very expensive (and no longer is, but continues to be weighed down by its costs, which must be brought down, the first renewable facilities were very expensive) and then on the other hand we continue to power energy generation plants with coal. So there is a problem of coherence, I think it has become quite acute.

I consider it urgent to fix a sufficient CO2 price, I think it’s a minimum of 20 euros per tonne, we are very far from it as you know. And even if the market mechanism for a CO2 price in Europe is in the process of being slightly reformed, that will not be enough. So I support the proposal that was made by President Macron, which is to say: “Well, there is a market mechanism that today is not effective, so let’s leave it in place but let’s fix anyway a kind of price floor”, so that even when the price of CO2 market is too low, the guarantee assures us that it is sufficient.

To do this, some countries are showing they can go down that road; obviously for a number of countries in which electricity generation is based strongly on coal this is a perspective that is difficult and that requires real courage. But you know, change, and [French Finance Minister] Bruno Le Maire who organized the [climate summit] yesterday in Bercy reminded us of Churchill’s words, “Either you take the change by the hand or it will takes you by the throat.” And the sooner these countries can realize that this change is happening, and it will take place anyways, the more they will be able to anticipate it. I think it’s a transition that is absolutely necessary to start now.

[sarkasm] 29/11/2017 15:51

Engie, Orascom and Toyota sign debt for Gulf of Suez wind

Published 29 November 2017 Last Updated 29 Nov 2017 15:34

Tags Renewables MENA

Jordan Bintcliffe

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Engie, Toyota and Orascom have signed on a $400 million financing package for the 250MW Gulf of Suez wind project in Egypt. Financial close is expected in mid-December 2017

[sarkasm] 29/11/2017 13:08

CercleFinance.com) - Owned 50% by Engie and 50M by Red Electrica International, Transmisora ​​Eléctrica del Norte (TEN) commissioned the first power line between Mejillones (Antofagasta region, Chile) and Cardones (region of 'Atacama), it was learned on Wednesday. With a total power of 500 kiloVolts, this line extends over 600 kilometers.

'The connection between SING (Interconnected System of the Far North) and SIC (Interconnected System of the Center) is an unprecedented operation in Chile which marks the beginning of a new stage in the history of the national electrical development and which will allow 'have a unique network, stronger and more competitive', commented the French energy giant.

This line crosses 5 municipalities in 2 regions of the country and has 4 electrical sub-stations: 2 terminals located in Mejillones and Copiapó, a transformer substation in Mejillones (Changos sector) and a substation in Diego de Almagro.

It is a line of alternating current that will allow, on all of its route, to connect several projects, especially solar and wind, located in the north of the country.

[grupo guitarlumber] 28/11/2017 17:09

04/12/17 Réunion actionnaires

[grupo guitarlumber] 28/11/2017 17:07

(CercleFinance.com) - BlackRock, Inc., acting on behalf of clients and funds managed by BlackRock, reported that it has increased on November 27, 2017, the threshold of 5% of the capital of Engie .

On behalf of these customers and funds, the company holds 123,107,249 Engie shares representing as many voting rights, ie 5.06% of the capital and 4.47% of the voting rights of this company.

This threshold crossing results from an acquisition of Engie shares outside and on the market and an increase in the number of Engie shares held as collateral.

[waldron] 27/11/2017 08:13

Engie closes acquisition of rights to 605-MW wind project in Brazil
Wind park in Brazil. Author: Fotos GOVBA. License: Creative Commons, Attribution 2.0 Generic

November 27 (Renewables Now) - Engie Brasil Energia SA, a unit of France’s Engie SA (EPA:ENGI), announced on Friday that it has concluded the acquisition of the rights to the 605-MW Umburanas wind power complex in Bahia state.

Engie Brasil paid BRL 16.9 million (USD 5.2m/EUR 4.3m) to local renewables company Renova Energia SA (BVMF:RNEW11) as part of the agreement.

The company noted that it expects to invest some BEL 1.8 billion in the development of the 360-MW first phase of the project, and would work on the remaining 245 MW in the future. Completion of Phase I is seen in 2019. About 102.5 MW of the project were sold in auction A-5/2014 at the average price of BRL 139.60 per MWh.

The financial settlement was achieved on November 24, when Engie made a BRL-7.5-million payment concerning the first installment of the deal. A month earlier, Brazil's power sector regulator Aneel approved the transfer of rights and cancelled four permits already given to Umburanas.

(BRL 1 = USD 0.309/EUR 0.259)

[sarkasm] 24/11/2017 08:40

Engie: wins contract with the Ministry of Defense

Aymeric Val, published on 24/11/2017 at 08h56
Engie: wins contract with the Ministry of Defense

(Boursier.com) - Engie Ineo, a subsidiary of the Engie Group, in partnership with NHV, announces the start of a four-year contract with the Ministry of Defense. The group of companies is responsible for maintaining the operational condition (MCO) of a fleet of Dauphin N helicopters (SA 365N) and to make scheduled visits to the Dauphin Pedro and Panther cells and engines. The Dauphin, produced with more than 1100 copies, is mainly specialized for the missions of transport of civil passengers and troops, of surveillance and maritime fight.

This contract began at the end of October and was signed for aeronautical equipment of the Ministry of Defense (SIMMAD) for the benefit of the Navy began last October. NHV and Engie Ineo have decided to partner in order to bring their knowledge and complementary expertise to the aviation industry to ensure operational readiness of the fleet.

[the grumpy old men] 24/11/2017 05:52

04/12/17 Réunion actionnaires


target 16 euros

[ariane] 23/11/2017 12:39

Orange: a defensive always 'taped' to 14 euros.
Cercle Finance on 22/11/2017 at 13:09
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(CercleFinance.com) - Among the values ​​considered defensive in the CAC 40, the Engie share is illustrated by a rebound of 20% since the beginning of 2017, and still 8% during the last six months. This is not the case for Orange, with respective decreases of nearly 2% and 9% over the intervals considered. Note that Orange will organize an investor day in about 15 days.

Indeed, the action Engie has a time 'broken' the bar of 10 euros at the beginning of the year before initiating a nice movement of recovery which carries, to date, to 14.5 euros. Schematically, the strategy set up by the general manager, Isabelle Kocher, is beginning to bear fruit: for years, the sales of the energy company have returned to organic growth of around 3%. Engie focused on renewable electricity and services, moving away from thermal power plants and gas exploration and production activities.

Consensus bets on maintaining Engie's renewed growth, but is conservative in terms of profits: market-expected earnings per share for 2017 and 2018 are almost the same, just barely more than one euro. This can leave room for improved feeling. And in the meantime, Engie has pledged to pay a cash dividend of 0.70 euro for the 2017 financial year (half of which was paid in early October), which ensures an annual return of 4.8% per annum. current course.

What about Orange? The title has already bounced back on its low point which, around 7 euros, is much older than that of Engie since it goes back to 2013. But it is nearly three years since the action Orange is 'taped' to 14 euros . The former France Telecom was talked about at the beginning of the month with the launch - delayed compared to the initial schedule - of its mobile banking offer Orange Bank. The group, which has already had some success in this area in Africa, estimates that its banking subsidiary will generate 400 million euros in sales in 2018 and targets 2 million customers by 2027.

The market seems to make little of this diversification: it should be said that next year, the Orange group should by consensus record a turnover of more than 41 billion euros, which relativizes the ambitions of Orange Bank. Investors may also consider that the bank offer may not contribute to profits for a long time. In this regard, Les Echos reported this morning that BforBank, the online bank of Credit Agricole, has already cost 170 million euros of investment since its inception in 2009. If it has conquered 180,000 customers, BforBank should however not be profitably before 2021, when it targets 350,000 customers. And in the meantime, the injection of 120 million more euros would be necessary.

Be that as it may, Orange remains a telecom operator, a sector that, like that of energy, has been crammed for years, but is doing better. The group can also claim the return and maintenance of a positive organic, even if it is more modest than that of Engie: 1% over the first nine months of the year, even in the French domestic market (+ 0.2%).

In addition Orange's EBITDA (which accounts for more than 30% of sales, double the rate recorded by Engie) is growing, in organic data, twice as fast as sales. Focusing on improving its cost structure and new offers (optical fiber, 4G), the group intends to continue improving its profitability.

A bit like Engie, Orange has committed a 2017 coupon of 0.65 euro, of which a deposit of 0.25 euro will be paid on December 7th. Note that the consensus is more optimistic about the earnings per share of Orange, expected to 1 euro in 2017 before 1.11 euro in 2018.

To follow on the agenda of the two groups: Orange will organize an investor day on December 7 (also), and its 2017 accounts are expected on February 21, 2018. An exercise Engie will fold on March 8.

EG