Energiser Investments Share Discussion Threads

[waldron] 01/10/2024 17:55

ENGIE launches consultation on UK anaerobic digestion facility

By Anthony Wright on Oct 01, 2024

Decarbonisation

ENGIE Group (ENGIE) has launched a community consultation on its proposal to develop an agricultural anaerobic digestion (AD) facility near High Catton, UK, aiming to provide renewable energy to power approximately 5,200 homes.

The project is expected to boost the local rural economy through partnerships with farmers, contributing to the UK’s push towards Net Zero carbon emissions by 2050.

The facility will convert biodegradable materials from nearby farms into low-carbon energy using the AD process, which breaks down organic matter in an oxygen-free environment to produce biogas.

The by-product of this process, a natural biofertiliser, is also expected to improve soil quality, offering farmers an alternative to expensive artificial fertilisers.

Rob McKeon, Head of Business Development at ENGIE Group, spoke on the dual benefits of the facility, saying, “Through our partnership with the local farming community we can help tackle the energy and environmental challenges of today, helping to lower the carbon footprint of farming and decarbonise our energy supply.”

In addition to providing green energy and supporting sustainable farming practices, the AD plant will generate local investment, create skilled jobs and offer long-term financial stability for farmers. The facility will also be complemented by woodland and hedgerow planting, enhancing local biodiversity.

The project aligns with the UK’s commitment to reducing greenhouse gas emissions, particularly in the energy and agriculture sectors. As part of its Climate Strategy, East Riding of Yorkshire Council is working to address these challenges, with the ENGIE facility contributing to local and national sustainability efforts.

The community consultation process has already begun, with a drop-in session scheduled for Thursday, 10th October at Catton Village Hall.
AG Image for 176044922


Local residents are invited to provide feedback on the plans before the consultation period closes on 24th October.

“We’re looking forward to meeting with the local community to discuss the plans and would encourage people to come along and have their say,” said McKeon.

The project is expected to reduce reliance on imported fossil fuels and contribute to energy security, while the Community Benefit Fund associated with the facility will support local causes.

Feedback gathered during the consultation will inform the final plans before ENGIE submits a formal planning application to East Riding of Yorkshire Council later this year.

ENGIE is involved in several anaerobic digestion (AD) projects across the UK. One of their key projects includes the Rainbarrow Farm AD facility in Dorset, which they acquired in 2024.

This facility has been operational for over a decade and produces biogas from agricultural feedstocks, generating renewable energy that powers around 3,500 homes.

The company has also partnered with Heathrow Airport to supply 100% green biomethane derived from AD. This partnership has helped the airport achieve carbon-neutral status by replacing natural gas with biomethane across all its terminals​


Anthony Wright is the Global News Journalist for gasworld, having joined the company in May 2021.

[waldron] 01/10/2024 12:14

Engie
15.605 +0.58%

[la forge] 23/9/2024 13:02

Register for World Coal magazine


Engie Energía Chile S.A. joins Bettercoal programme


Published by Will Owen, Editor

World Coal, Monday, 23 September 2024 10:11


Engie Energía Chile S.A. (EECL) has become the latest member of the Bettercoal Programme, demonstrating its commitment to promoting sustainability and responsibility within the coal supply chain.

The Bettercoal Programme is a global initiative that promotes continuous improvement in the mining and sourcing of coal. Through its assessment and assurance processes, Bettercoal works with its members, who are major utilities, and their suppliers to implement responsible practices and enhance the ESG performance at coal mining operations.

Katie Warrick, Executive Director of the Bettercoal Programme, shared:

“We’re delighted to welcome Engie Energía Chile to the Bettercoal Programme. Members play a crucial role in our work to promote a global responsible coal supply chain. With the addition of EECL, we look forward to further expanding our efforts and continuing to improve sustainability practices across the industry.”

[waldron] 12/9/2024 21:50

Upcoming events on Engie SA

07/11/2024 Q3 2024 Publication of results

27/02/2025 Q4 2024 Publication of results

[waldron] 12/9/2024 21:39

Engie SA


15.86 EUR −0.17 (1.06%)

Sep 12, 17:35 GMT+2
15.98 EUR ‎11:05

Open
16.06

High
16.12

Low
15.82

Mkt cap
38.98B

P/E ratio
8.05

Div yield
5.08%

CDP score
B

52-wk high
16.64

52-wk low
13.07

[waldron] 12/9/2024 21:36

Engie SA (ENGI) Stock Forecast & Price Target

ENGI Analyst Ratings

Strong Buy

7Ratings

7 Buy
0 Hold
0 Sell

Based on 7 analysts giving stock ratings to Engie
SA
in the past 3 months

ENGI Stock 12 Month Forecast
€19.31
▲(22.02% Upside)

Based on 7 Wall Street analysts offering 12 month price targets for Engie SA in the last 3 months.

The average price target is €19.31 with a high forecast of €21.50 and a low forecast of €17.00.

The average price target represents a 22.02% change from the last price of €15.83.

[waldron] 12/9/2024 21:31

Engie California BESS faces further delays; additional safety mitigation agreed following US battery fires

By Matthew Biss

September 12, 2024

Engie Ripon project


The Planning Commission at the City of Ripon has issued a permit extension to Engie after the IPP experienced further delays in commencing construction of its 99MW/396MWh Ripon Reliability BESS project located in San Joaquin County, California.



This recent extension, granted at an August 19th 2024 planning commission meeting, is the second of its kind for the project after Broad Reach Power successfully extended the project’s conditional use permit (CUP) last year, before the independent power producer (IPP) was acquired by Engie during the third quarter of 2023.



Solar Media Limited 2024

[waldron] 12/9/2024 21:19

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.”

###

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”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. In North America, ENGIE helps our clients achieve their energy efficiency, reliability, and ultimately, their sustainability goals, as we work together to shape a sustainable future. We accomplish this through: energy efficiency projects, providing energy supply (including renewables and natural gas), and the development, construction and operation of renewable energy assets (wind, solar, storage and more). For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, and

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.

[grupo guitarlumber] 05/9/2024 12:26

Latest Dividends

Summary Previous dividend Next dividend

Status Paid Forecast

Type Special Final

Per share 62.5¢ Sign Up Required

Declaration date 27 Feb 2024 (Tue)
–
Ex-div date 02 May 2024 (Thu) 28 Apr 2025 (Mon)

Pay date 06 May 2024 (Mon) 02 May 2025 (Fri)

[grupo guitarlumber] 05/9/2024 12:17

Engie
16.08 +1.80%

[waldron] 26/7/2024 12:44

Engie
14.35 +0.63%

[waldron] 25/7/2024 07:16

TotalEnergies Buys Stake in RWE Wind and Green Hydrogen Project

By Francois de Beaupuy

July 24, 2024 at 12:04PM EDT


(Bloomberg) -- TotalEnergies SE agreed to buy a 50% stake in RWE AG’s project to build an offshore wind farm in Dutch waters, with a view to produce green hydrogen for the oil major’s European refineries.




Last month, TotalEnergies signed a 15-year contract to buy 70,000 tons a year of green hydrogen from Air Products & Chemicals Inc. for its northern European refineries from 2030. The French energy firm is also developing projects to produce green and low-carbon hydrogen with Engie SA and Air Liquide SA for its refineries and biofuel plants in France.

--With assistance from Petra Sorge.

Bloomberg L.P.

[gibbs1] 22/7/2024 20:20

Engie
14.155 -0.35%

[la forge] 21/7/2024 04:47

Friday 02 August, 2024


Publication of H1 2024 financial results

cheers W
ROLL ON AUGUST

[waldron] 19/7/2024 20:30

The Deacon
19 Jul '24 - 20:20 - 2828 of 2828
0 1 0



Engie hedges 89% of 2024 output at EUR 110/MWh

(Montel) French energy utility Engie had hedged 89% of its expected nuclear and hydropower output this year at EUR 110/MWh by the end of June, down EUR 8 from the previous quarter, it said on Thursday.

Reporting by: Sophie Tetrel
18 Jul 2024 | 10:16


From 2026, the output only included French generation as Belgian nuclear production would be sold under a regulated tariff, Engie said in a preliminary financial report.

Last year, the firm sold its power output at EUR 98/MWh, up from EUR 90/MWh in 2022.

French spot prices had averaged about EUR 46/MWh since the beginning of the year on the Epex exchange, nearly half of last year’s EUR 97/MWh level and six times less than in 2022 during the energy price crisis.

Lower nuclear output

Meanwhile, Engie’s nuclear output in France and Belgium rose 0.6 TWh year on year to 7.5 TWh in the April-June period, though it was down 0.3 TWh overall to 16 TWh in the first half of 2024 due to the lower availability of Belgian reactors in Q1.

Engie operates five reactors in Belgium at the Doel and Tihange sites with a total capacity of 3.9 GW. It also owns 1.2 GW stakes in the Chooz (3 GW) and Tricastin (3.7 GW) nuclear plants in France.

Meanwhile, the utility’s hydropower production rose 1.1 TWh year on year to 5 TWh in the second quarter, while it was up 2.3 TWh in H1 compared to the same period last year.

Engie is due to publish its H1 financial report on 2 August.

Edited by: Robin Newbold

[the deacon] 19/7/2024 20:20

https://montelnews.com/news/1c16cdec-2191-47d9-b13e-6bcfaf15442c/engie-hedges-89-of-2024-output-at-eur-110-mwh

[the deacon] 19/7/2024 20:17

https://clubofmozambique.com/news/mozambique-more-than-200000-families-connected-to-solar-energy-engie-262182/'...More than 220,000 families in Mozambique have been connected to solar energy generated through a project developed by the French company Engie Energy Access, in an investment totalling more than €18.3 million, the company announced on Thursday.The number of households covered by the Engie Energy Access operation corresponds to more than 1.2 million people in ten of Mozambique's 11 provinces, the French company said in a statement...'

[waldron] 13/7/2024 20:13

Friday 02 August, 2024



Publication of H1 2024 financial results

[grupo guitarlumber] 10/7/2024 12:01

Are next results to be reported on 1st August

needs confirming

Possible as GTT Reporting on the 25th july

[grupo] 09/7/2024 10:28

Engie
14.255 +0.28%

[waldron] 06/7/2024 08:32

Engie secures ADB loan for 400MW solar project in India

The solar plant in Surendranagar will generate 805GWh annually over 25 years.
July 5, 2024


Engie’s subsidiary, Enren Energy, will oversee the implementation of the solar project.

The Asian Development Bank (ADB) has finalised a long-term loan arrangement with Engie for the development and operation of a 400MW solar power facility in India.

This financial support aligns with the Indian government’s objective of at least 500GW of non-fossil fuel energy capacity by 2030.

Led by ADB as mandated lead arranger, the financing package totals Rs14.6bn ($175.9m).

The loan is equally divided between ADB and the Asian Infrastructure Investment Bank, each contributing Rs7.3bn.

To be located in the Surendranagar district of Gujarat, the plant will generate an average of 805 gigawatt-hours (GWh) annually over 25 years.
See Also:


This output will avoid 662,441 tonnes of CO₂ emissions annually.




Engie India CEO and country manager Amit Jain stated: “In collaboration with ADB, we’re bringing a landmark 400-megawatt solar project to Surendranagar, Gujarat, marking a significant stride in India’s clean energy journey.

“This venture not only aligns with our green power goals but also catalyses local job creation, reinforcing our pledge to India’s nonfossil fuel future, firming our commitment to India’s energy transition.”

Engie’s subsidiary, Enren Energy, will oversee the project implementation of the solar project. Gujarat Urja Vikas Nigam is the sole purchaser of the generated electricity.

ADB private sector operations director general Suzanne Gaboury stated: “The private sector’s engagement in the fight against climate change is pivotal for achieving a clean energy transition in Asia and the Pacific.

“This project exemplifies how ADB, as the region’s climate bank, supports the private sector in developing renewable energy projects through long-term local currency financing typically unavailable in local capital markets.”

The Indian government has provisionally approved TUECO’s [the Tezpur University Employees’ Co-op Credit & Thrift Society, a joint venture between UJVN and THDC India] proposed coal-based thermal power plant in Uttarakhand, Indian news agency PTI has reported.



POWERTECHNOLOGY.COM

[waldron] 05/7/2024 20:57

Engie is building one of the largest battery parks in Europe in Vilvoorde

5 July 2024

Engie has started building one of the largest battery parks in Europe in Vilvoorde.

By building batteries, the energy company wants to respond to the growing demand for flexibility on the electricity grid.

Today, more and more electricity is generated by solar panels and wind turbines. However, these renewable energy sources also produce electricity when there is little demand, and conversely, they do not always produce enough when there is a higher demand. “The gap between production and demand is increasing,” explains Engie Belgium CEO Vincent Verbeke. "To absorb these fluctuations between supply and demand on the grid, there is a need for more flexibility."

The company is building, among other things, a new 875-megawatt gas-fired power station in Flémalle and already has the largest natural battery in the country, the Coo hydroelectric power station, in its portfolio. It wants to expand this flexible capacity by building additional battery parks.

In Vilvoorde, 250 million euros will be invested in what will become one of the largest battery parks (200 megawatts) in Europe. By 2025, the park will be able to store 800 megawatt hours of electricity. If solar panels and wind turbines generate excess energy and there is a period of high demand, the battery can inject electricity into the grid for up to four hours. This can cover the power consumption of almost 100,000 households.

Engie also wants to build battery parks in Kallo and Drogenbos. “Batteries are highly complementary to energy from wind and sun,” says Verbeke. "Our ambitions in this regard are great."
​

#FlandersNewsService | BELPRESS


Energy company Engie wants to invest 4bn euros in Belgium by 2030
Energy group Engie is poised to invest up to 4 billion euros in Belgium. The company plans to triple renewable energy capacity and put more focus...


belganewsagency.eu faviconbelganewsagency.eu

[gibbs1] 05/7/2024 15:01

Engie
14.32 +1.56%