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| Share Name | Share Symbol | Market | Stock Type |
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| Energiser Investments Plc | ENGI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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| 0.00 | 0.00% | 0.65 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
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| 0.65 | 0.65 |
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Posted at 12/9/2024 20:19 by waldron ENGIE enters a partnership with Ares Management for a 2.7 GW portfolio of Renewables and Storage Assets in the U.S.September 12, 2024 12:00 ET | Source: ENGIE North America HOUSTON, Sept. 12, 2024 (GLOBE NEWSWIRE) -- ENGIE North America (ENGIE) announced that it recently closed a partnership with Ares Management Infrastructure Opportunities funds (Ares). This transaction represents the largest operating portfolio sell down for ENGIE in the U.S. and is one of the largest sales completed in the renewables sector based on total capacity. ENGIE will retain a controlling share in the portfolio and will continue to operate and manage the assets. The overall 2.7 GW portfolio consists of 15 projects in operation across ERCOT, MISO, PJM and SPP, of which 53% is solar, 25% wind and 22% co-located battery storage capacity. “We are delighted that ENGIE and Ares will be partners in such a large-scale renewables and co-located storage portfolio to further accelerate the energy transition towards a net zero future,” said Dave Carroll, Chief Renewables Officer, ENGIE North America. “The investment by Ares reflects ENGIE’s proven and recognized track record in developing, building, operating and financing renewable assets, both in North America and globally”. ENGIE is a leader in the net zero energy transition and currently has more than 8 GW of renewable production in operation or construction across the U.S. and Canada. Globally, ENGIE has an aspiration to add 4 GW per year through 2025, with North America as a material contributor to that growth. This transaction supports ENGIE’s strategy in North America by simultaneously recycling capital and adding a leading infrastructure investor to ENGIE’s select pool of partners. “We are thrilled to be partnering with ENGIE, a global leader in clean energy, on this highly contracted, attractive portfolio,” said Steve Porto, Partner in Ares’ Infrastructure Opportunities strategy. “This partnership provides diversification across proven technology and geography at scale alongside a strong operator. We look forward to continuing to provide the capital and experience needed to support the energy transition and build-out of climate infrastructure.&rdqu ### About ENGIE North America Based in Houston, Texas, ENGIE North America Inc. is a regional hub of ENGIE, a global leader in low-carbon energy and services. ENGIE (ENGI), is listed on the Paris and Brussels Stock Exchanges. Together with our 96,000 employees around the globe, our customers, partners and stakeholders, we are committed to accelerate the transition toward a carbon-neutral world, through reduced energy consumption and more environmentally friendly solutions. Inspired by our purpose (“raison d’être”) About Ares Management Ares Management Corporation (NYSE:ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2024, Ares Management Corporation's global platform had over $447 billion of assets under management, with more than 2,950 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com. |
Posted at 21/9/2023 08:33 by adrian j boris Engie Reportedly Enters Lightsource BP AuctionSeptember 21, 2023 at 01:03 am EDT Another suitor in the mix for Lightsource bp Renewable Energy Investments Limited (Lightsource BP) has surfaced and is set to give Palisade Investment Partners Limited (Palisade Investment Partners) a run for its money. DataRoom can reveal that French investor Engie SA (ENXTPA:ENGI) is also looking to pick up the business that is up for sale through investment bank Macquarie Group Limited (ASX:MQG). The understanding is that it could achieve a price close to $1 billion. A roadshow was held through Asia around June for Lightsource and bids are now understood to be due next month. |
Posted at 24/8/2023 15:26 by ariane Broad Reach Power Acquired by ENGIE from EnCap Energy Transition and Apollo FundsTransaction represents in excess of $1 billion equity value. Broad Reach is the premier battery energy storage developer in two of the largest battery storage markets in the U.S. - Texas and California. August 24, 2023 08:00 AM Eastern Daylight Time HOUSTON--(BUSINESS WIRE)--EnCap Energy Transition today announced that French multinational utility company ENGIE has agreed to acquire the battery storage business of Houston-based Broad Reach Power from EnCap Energy Transition Fund I, its co-investment partners Yorktown Partners, Mercuria Energy and Apollo Infrastructure Funds (the “Apollo Funds”) for a total equity value in excess of $1 billion. Since Broad Reach was founded in 2019 with backing from EnCap Energy Transition, it has become a leading U.S. developer and operator of renewable energy and energy storage power projects in Texas, California and other markets. Apollo Funds acquired a 50% stake in the company and joined the Board in December 2021. The sale to ENGIE includes 350 MW of grid-scale battery assets in operation and 880 MW under construction mainly in the Electric Reliability Council of Texas (ERCOT) territory, with commissioning expected before the end of 2024. The acquisition also includes a 1.7 GW pipeline of battery storage projects at an advanced stage of development and a significant pipeline of early-stage projects. The first CAISO storage asset is expected to be operational in 2023. The transaction does not include the company’s portfolio of 1.8GW of solar and wind power projects together with 4GWh of battery storage in the Mountain West region of the U.S. “EnCap Energy Transition is pleased to have founded, with the talented, hard-working management team at Broad Reach Power, the top battery storage player in the U.S. market,” said EnCap Energy Transition Managing Partner Shawn Cumberland, who is also Chairman of the Broad Reach Board of Directors. “It has been a pleasure to have partnered with Apollo Funds in this important and valuable venture.” Apollo Infrastructure Partner Corinne Still said, “At Apollo, we’re committed to being leading investors in the energy transition, and we’re proud to have been a significant, value-add owner of Broad Reach Power during years of incredible growth for the business. Together with EnCap and the Broad Reach Power management team, we’ve built what we believe is the leading and most innovative battery storage IPP in North America. We wish the Broad Reach team all the best in their next phase of growth with Engie.” Broad Reach Founder and Chief Operating Officer Doug Moorehead said, “It has been a terrific honor and pleasure to be part of the rapid growth of the U.S. energy storage sector from the very beginning and see our company grow into one of the top developers. We are extremely appreciative of the work and expertise of our entire staff and the support and backing of the highly talented team at EnCap Energy Transition throughout the process. We look forward to teaming with ENGIE to carry on the work.” Stacey Peterson, Broad Reach Power’s CEO, who joined the firm last year added, “Our firm’s success is a direct result of the tireless dedication of our team, who go above and beyond every day. I want to thank the BRP team for their amazing work, and also thank EnCap, Apollo Funds, Yorktown and Mercuria for their unwavering support of our business over the past four years. This a great transaction and we are excited for its continued growth.” EnCap Energy Transition has been an aggressive provider of capital in the fast-growing U.S. energy storage business since 2019. With this announcement and including the sale of Jupiter Power to Blackrock in December 2022, the EnCap team has now been responsible for shepherding the creation, development, growth, and monetization of two of the largest standalone energy storage companies in the U.S. About EnCap Investments L.P. Since 1988, EnCap Investments has been a leading provider of growth capital to the independent sector of the U.S. energy industry. The firm has raised 25 institutional investment funds totaling approximately $41 billion and currently manages capital on behalf of more than 350 U.S. and international investors. Founded in 2019, the EnCap Energy Transition platform is led by four Managing Partners, each with 30-35 years of experience in the development and operations of renewables and power generation. For more information, please visit www.encapinvestments About Broad Reach Power Broad Reach Power is the leading U.S. utility-scale battery storage platform. The Company develops, owns and operates energy storage projects and hybrid storage-plus-renewab About Apollo Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2023, Apollo had approximately $617 billion of assets under management. To learn more, please visit www.apollo.com. Contacts EnCap Investments For U.S. media inquiries: Morgan Moritz Pierpont Communications 512-745-2575 mmoritz@piercom.com |
Posted at 07/7/2023 19:49 by waldron Engie secures $400 million in financing for Chilean battery storageJuly 07, 2023 Energy Storage News The International Finance Corporation (IFC) has signed a US$400 million loan to Engie Energía Chile S.A. (ENGIE Chile) to fund the installation of new Battery Energy Storage Systems (BESS’). The BESS’ (capacity yet unknown) will help facilitate the supply of clean energy to Chile’s National Electric System (SEN). A member of the World Bank Group, this is IFC’s first sustainability-linke The financing package consists of US$200 million provided by the IFC; US$114.5 million from investors under IFC’s Managed Co-lending Portfolio Program; and US$35.5 million from ILX Fund, a Sustainable Development Goals (SDG)-focused investor under IFC’s B Loan Program. IFC is also expecting to close a US$50 million parallel loan in the next few weeks, bringing the financing package to a total of US$400 million. According to IFC, the loan was structured with the specific objective of decommissioning or converting ENGIE Chile’s remaining coal generation assets. “IFC is mobilizing the necessary capital for sustainable innovation to promote decarbonization initiatives and adapt to global warming,” said Manuel Reyes-Retana, regional director at IFC. [Lena Dias Martins] |
Posted at 09/11/2022 12:24 by gibbs1 GTT unveils its innovative three-tank LNG carrier concept with two Approvals in PrincipleOctober 25, 2022 11:45 ET | Source: GTT GTT unveils its innovative three-tank LNG carrier concept with two Approvals in Principle Paris – October 25th, 2022. GTT announces that it has received two Approvals in Principle (AiP) for its innovative three-tank LNG tanker design, from DNV and Bureau Veritas (BV). This cutting-edge technological solution is aimed at increasing the profitability and overall performance of the vessel. This three-tank LNG carrier concept permits a reduction in construction costs through the suppression of one cofferdam, one pump tower and all associated cryogenic equipment (liquid and gas domes, valves, piping, radars, etc.). The overall surface area of the containment system will also be reduced by about 2,000 m², generating lower costs for the materials and vessel construction. At the same time, the improved ratio between the volume of LNG transported and the surface area of the cryogenic liner will make it possible to reduce the daily boil-off rate. As an example, GTT estimates that it will achieve a boil-off rate as low as 0.080% of tank volume per day with the Mark III Flex technology, compared to 0.085% of the volume per day with the LNG carriers currently in operation. This new design could also offer time-savings for shipyards and optimise their construction schedule. DNV and BV have issued an approval in principle for this innovative three-tank LNG carrier design for the Mark III and NO96 technologies developed by GTT. Philippe Berterottière, Chairman and CEO of GTT, said: "For almost 60 years, the GTT Group has been constantly improving its technologies to offer its customers solutions that meet their requirements as well as those of the regulatory authorities. Thirty years ago, we upgraded LNG carriers from five to four tanks and we now hope to bring the market forward with a three-tank LNG carrier. We hope to see this concept become standard in future years." Jean-Baptiste Boutillier, VP Development, Innovation and Technical Strategy at GTT, said: "We are honored by the granting of these two approvals in principle for the design of the three-tank LNG carrier. We are convinced that this evolution will benefit all stakeholders by improving the performance of the LNG carrier while reducing its carbon footprint." About GTT GTT is a technological expert in containment systems with cryogenic membranes used to transport and store liquefied gases. For over 50 years, GTT has been designing and providing cutting-edge technologies for a better energy performance, which combine operational efficiency and safety, to equip LNG carriers, floating terminals, land storage, and multi-gas carriers. GTT also develops systems dedicated to the use of LNG as fuel, as well as a full range of services, including digital services in the field of Smart Shipping. The Group is also active in hydrogen through its subsidiary Elogen, which designs and assembles electrolysers notably for the production of green hydrogen. GTT is listed on Euronext Paris, Compartment A (ISIN FR0011726835 Euronext Paris: GTT) and is notably included in SBF 120, Stoxx Europe 600 and MSCI Small Cap indices. For more information, visit www.gtt.fr. Media contact: press@gtt.fr / + 33 (0)1 30 23 48 45 Investor Relations contact: information-financie About DNV DNV is the world’s leading classification society and a recognized advisor for the maritime industry. We enhance safety, quality, energy efficiency and environmental performance of the global shipping industry – across all vessel types and offshore structures. We invest heavily in research and development to find solutions, together with the industry, that address strategic, operational, or regulatory challenges. www.dnv.com/maritime About Bureau Veritas Bureau Veritas is a world leader in laboratory testing, inspection and certification services. Created in 1828, the Group has close to 80,000 employees located in nearly 1,600 offices and laboratories around the globe. Bureau Veritas helps its 400,000 clients improve their performance by offering services and innovative solutions in order to ensure that their assets, products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environmental protection and social responsibility. Bureau Veritas is listed on Euronext Paris and belongs to the CAC 40 ESG, CAC Next 20 and SBF 120 indices. Compartment A, ISIN code FR 0006174348, stock symbol: BVI. For more information, visit www.bureauveritas.co gibbs1 9 Nov '22 - 12:22 - 86 of 86 Edit 0 0 0 Engie has fallen below the 15% threshold in GTT's capital 09 November 2022 - 10:42AM Dow Jones News PARIS (Agefi-Dow Jones)--Engie declared on Wednesday to the French financial markets authority (AMF) that on Monday, November 7, 2022, it had crossed the thresholds of 15% of the capital and voting rights of the manufacturer of cryogenic membranes used to transport liquefied natural gas Gaztransport & Technigaz (GTT). The gas and electricity supplier now holds approximately 5.4 million GTT shares with the same number of voting rights, representing 14.65% of the company's capital and voting rights. This threshold crossing results from the delivery by Engie of 293,219 GTT shares following the conversion of 290,000 bonds (issued by Engie on 2 June 2021 and maturing on 2 June 2024) exchangeable for existing GTT ordinary shares, said the French energy company. On this occasion, Engie declared that it had individually crossed the same thresholds downwards. -Pierre-Jean Lepagnot, Agefi-Dow Jones +33 (0)1 41 27 48 19; pjlepagnot@agefi.fr ed: LBO Agefi-Dow Jones The financial newswire (END) Dow Jones Newswires November 09, 2022 05:22 ET (10:22 GMT) Translated with www.DeepL.com/Transl |
Posted at 07/10/2022 05:35 by waldron ENGIE : One can take advantage of the trading range to enter new positions10/05/2022 | 07:24am BST Entry price : 12.28€ | Target : 13.26€ | Stop-loss : 11.7€ | Potential : 7.98% Shares in ENGIE currently show the technical configuration of a trading range. The recently observed decline yields a good timing for new long positions close to the support level. Investors have an opportunity to buy the stock and target the € 13.26. |
Posted at 30/8/2022 07:50 by the grumpy old men NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, INTHE UNITED STATES OF AMERICA OR IN AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS, OR SALES OF THE SECURITIES WOULD BE PROHIBITED BY APPLICABLE LAW Financial Information March 23, 2022 ENGIE to sell part of its shareholding in GTT • Sell-down of c. 3 million GTT shares representing approximately 8% of GTT’s share capital through an accelerated bookbuild offering to institutional investors • The disposal is consistent with ENGIE’s enhanced divestment programme for non-core businesses and minority shareholdings, and follows the strategic review for its shareholding in GTT initiated in November 2020 as well as the previous sell-down of 10% of GTT’s share capital in May 2021 and the issuance of Exchangeable Bonds in June 2021 over 10% of GTT’s share capital • ENGIE’s shareholding in GTT would, upon completion of the Offering and in case of exchange in full of the outstanding Exchangeable Bonds, be reduced to c. 12% of GTT’s share capita |
Posted at 23/4/2022 06:23 by waldron One last thing: France still holds 23.6% of engie's capital and 33.2% of its voting rights.Investors generally view the presence of public power in capital with a critical eye. As we will have understood, Engie has long since ceased to make investors dream, scalded by years of broken promises and referral errors with serious consequences. The future looks brighter if not bright, if financial projections are to be believed. But it will take a little more to convince the market. Zonebourse |
Posted at 17/4/2022 21:03 by the grumpy old men RIGZONELe Pen Energy Plan Promises Fuel-Tax Cut, Ban On Wind Farms by Bloomberg | Francois de Beaupuy | Sunday, April 17, 2022 As Europe suffers its worst energy crisis in a generation, French presidential candidate Marine Le Pen is proposing to subsidize consumption while further curtailing supply. The 53-year-old nationalist is narrowly trailing President Emmanuel Macron in polls ahead of the April 24 runoff election. She has campaigned for months on a promise to boost voters’ purchasing power by cutting taxes on gasoline, heating oil, natural gas, and electricity. This help for consumers sits alongside a crackdown on wind turbines, a windfall tax on some of the country’s largest energy companies and an exit from Europe’s electricity market. While energy costs began rising last year, Russia’s invasion of Ukraine has pushed them to the top of the political agenda as prices broke records. Those increases represent more than half of Europe’s inflation, costing households across the continent some 230 billion euros ($251 billion) this year. Le Pen has cast herself as the protector of the poor, and her policies may prove to be effective at harnessing the pain of rising prices felt by households and motorists. Their concerns have been a powerful force in French politics, notably the “Yellow Vest” movement that disrupted the early years of Macron’s presidency. Yet her plans would leave the country increasingly exposed to energy shortages over time, according to Marc-Antoine Eyl-Mazzega, the head of the Center for Energy & Climate at Institut Francais des Relations Internationales. “It may please those who don’t like the sight of wind turbines,” Eyl-Mazzega said. “The power supply situation will deteriorate, and investors will shy away from France.” The core of Le Pen’s pitch to voters is a 12-billion-euro reduction in the value added tax on energy. She also promised to roll back 9 billion euros in levies on diesel and gasoline when she takes office if the price of oil is above $100 a barrel. Those giveaways would come on top of the 25 billion euros of aid to contain energy bills already being phased in by Macron. The tax cuts would be partly financed by ending subsidies for wind and solar power, Le Pen said. Regardless of legal issues, she also promised to halt onshore and offshore wind farms under construction, putting at risk projects currently in development by companies including Electricite de France SA, Engie SA, Iberdrola SA, Neoen SA and Voltalia SA. Wind turbines would be progressively taken down when they reach “the end of their life,” according to her manifesto. Wind and solar together represented 10% of France’s electricity output last year, and this proportion will probably rise further this year as EDF’s nuclear output is set to drop to the lowest level since 1990 because of maintenance and technical issues at its aging fleet of nuclear reactors. Yet wind turbines are unpopular in some parts of France, where homeowners argue that they are unsightly and reduce the value of their properties. Macron has taken some steps to address opposition to wind power, pushing back a target to double onshore capacity by 20 years to 2050. But the idea of completely blocking the development of domestic sources of renewable power, which have become increasingly price-competitive as the cost of imported fossil fuels and other sources of electricity has surged, has been fiercely criticized. “The economic and energy policy proposals are out of touch with reality,” Michel Gioria, the general delegate of France Energie Eolienne, the country’s wind power federation. “She’ll plunge France into a difficult situation in terms of energy supply, which will keep prices high.” Le Pen plans to solve the supply side of the energy equation by launching the construction of 20 large nuclear power plants, which would come progressively online from 2031. She would also seek to re-open the two Fessenheim reactors that Macron shut two years ago, prolong the lifetime of EDF’s 56 operational atomic plants to 60 years, and build some small modular nuclear generators. That’s a challenging timetable given the recent record of France’s nuclear industry. EDF still hasn’t commissioned the sole new reactor under construction in the country, at Flamanville, after 15 years of works. The project has been dogged by technical issues and has quadrupled its initial budget to 12.7 billion euros. Macron’s nuclear plan is to build as many as 14 new large nuclear reactors, with the first pair coming online from 2035. Given supply-chain constraints and modern safety standards, even that more modest proposal brings considerable challenges, France’s power-grid operator said last year. |
Posted at 24/3/2022 08:25 by sarkasm Engie announces that it has completed the sale of 3.33 million GTT shares at a price of €90 per share and has thus raised €299.7 million, as part of a private placement by way of accelerated construction of an order book with institutional investors.This sale of shares represents approximately 9% of GTT's share capital. In the event of an exchange of all the bonds exchangeable into GTT ordinary shares issued by Engie in June 2021, its stake in GTT's capital will be reduced to approximately 11%. The proceeds of the transaction will be used for the general needs of Engie's business and to finance future growth. The energy group has agreed that the residual shares held in GTT will be subject to a 90-day retention commitment. |
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