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[adrian j boris] 21/5/2025 14:04:39

Engie begins construction at 151MW/199MW solar-plus-storage plant in Chile


By Jonathan Touriño Jacobo
May 21, 2025


PV tech.org


The Chilean subsidiary of French utility Engie has started construction on a 151MW solar-plus-storage project in the Metropolitan Region of Chile.

This is the first energy project for the utility in the central region, where the capital Santiago is located, and will include a 199MW battery energy storage system (BESS) with a 5-hour duration.

With an investment of US$130 million, the project – dubbed PV & BESS Libélula – is in the early stages of construction and is forecast to begin commercial operation in the third quarter of 2026. In total, the project is expected to install 245,560 solar panels and 208 ion-lithium containers.

Engie Chile aims to reach 3.5GW of operational energy by 2027 in the country with over 60% coming from renewables and BESS.

[maywillow] 17/5/2025 07:43:47

Engie Q1 2025: Strong Results Amid Challenges

TipRanks Auto-Generated Newsdesk

May 17, 2025, 02:12 AM

Engie (ENGIY +0.44% ▲ ) has held its Q1 earnings call. Read on for the main highlights of the call.





Engie’s Q1 2025 earnings call revealed a generally positive sentiment, highlighting strong financial and operational results. The company has made significant strides in expanding its renewable energy portfolio and successfully managing nuclear liabilities. Despite some challenges in energy management and geopolitical uncertainties in the U.S., the positive outcomes of the quarter were emphasized more than the challenges faced.

Strong Q1 2025 Financial Performance

Engie reported a robust financial performance in the first quarter of 2025, with EBIT excluding nuclear operations increasing by 2% to EUR 3.7 billion compared to the same period last year. The company also saw a healthy cash flow from operations amounting to EUR 4 billion, while economic net debt decreased by 4% to EUR 46 billion, underscoring the company’s strong financial health.

Resilient Renewable Energy Expansion

The company continued its aggressive expansion in renewable energy, adding over 0.6 gigawatts of new capacity, primarily in Latin America and Egypt. This expansion brings Engie’s total renewable capacity to an impressive 51.6 gigawatts, with 8.5 gigawatts currently under construction across 101 projects.

Nuclear Deal Milestone

A significant highlight of the quarter was the closure of a nuclear transaction in Belgium, which effectively removed EUR 12 billion of nuclear waste storage provisions from Engie’s balance sheet. This move is a critical step in de-risking the company’s nuclear liabilities.

Strategic Acquisitions in Renewables

Engie announced strategic acquisitions in the renewable sector, including two hydro plants in Brazil with a combined capacity of 612 megawatts. Additionally, the company expanded its portfolio in the U.K. with 157 megawatts of onshore and solar capacity, reinforcing its commitment to renewable energy.

Challenges in Energy Management

Despite the positive developments, Engie faced challenges in energy management, with EBIT in this segment decreasing by EUR 219 million organically. This decline was attributed to lower reserve reversals and increased operational costs.

Impact from Decreased Gas Generation Spreads

The company also experienced a decrease in gas generation EBIT by EUR 100 million, primarily due to reduced spreads compared to the previous crisis period. This highlights the volatility and challenges in the gas market.

Geopolitical and Regulatory Uncertainties

Engie is navigating geopolitical and regulatory uncertainties in the U.S., particularly concerning tariffs and the future of the Inflation Reduction Act (IRA). These factors could potentially impact future renewable projects in the region.

Forward-Looking Guidance

Engie reaffirmed its positive outlook for the year, maintaining its guidance for net recurring income group share between EUR 4.4 billion and EUR 5 billion. The company emphasized its strategic flexibility in capital allocation, with a robust pipeline of 115 gigawatts of projects, 80 gigawatts of which are outside North America. Engie is prepared to redirect investments initially intended for the U.S. to other promising markets, such as Brazil, the GCC, Australia, and India.

In conclusion, Engie’s Q1 2025 earnings call painted a picture of a company that is successfully navigating the complexities of the energy sector. With strong financial results and strategic expansions in renewables, Engie is well-positioned for future growth, despite facing some challenges in energy management and geopolitical uncertainties. The overall sentiment was positive, reflecting confidence in the company’s strategic direction and financial resilience.

[maywillow] 17/5/2025 00:19:58

ENGIE and CDPQ to pump up to £1bn into Dinorwig and Ffestiniog hydro storage refurb


Stuart Stone
BUSINESSGREEN

17 May 2025 • 4 min read



Refurbishment programme aims to extend life of Dinorwig and Ffestiniog plants that provide around three quarters of the UK pumped hydro storage capacity

Energy firm ENGIE and Canadian investment group CDPQ have today set out plans to invest up to £1bn in a project to extend the life of pumped storage hydro assets at Dinorwig and Ffestiniog in north Wales....

BusinessGreen

[waldron] 16/5/2025 14:56:27

Engie seals deal to sell stake in 2.4-GW battery portfolio in US


May 16, 2025, 3:50:28 PM

Article by Martina Markosyan


The North American unit of French power utility Engie SA (EPA:ENGI) has agreed to sell a stake in a 2.4-GW portfolio of battery energy storage assets in the US to an affiliate of US real estate investmen ...


Renewables Now

[ariane] 16/5/2025 11:56:22

Engie CEO: Republican clean energy draft plans 'better than expected'

Catherine MacGregor says initial tax incentive proposals short of industry's worst fears, but stresses French energy giant's global 'optionality'


Andrew Lee

Editor, RechargeNEWS.COM
Published 16 minutes ago

Draft Republican proposals over US clean energy incentives are short of the industry’s worst fears, according to the CEO of Engie, who stressed that whatever happens the global power giant has plenty of “optionality” beyond America.
Catherine MacGregor told financial analysts that plans for the phase down of tax credits of the Inflation Reduction Act (IRA) proposed by Republicans in the House of Representatives were “a little bit more constructive, because we were expecting it to be actually worse and then hopefully getting better over time.

[waldron] 15/5/2025 14:43:34

ENGIE and NHOA Energy break ground on 400MWh battery project in Belgium

NHOA Energy will deliver the storage system, designed to enhance grid stability

Swagath Bandhakavi 15th May 2025
NSENERGY

NHOA Energy, the global provider of utility-scale energy storage systems, celebrated with ENGIE the groundbreaking of a 400 MWh battery energy storage system (BESS) in Kallo, Beveren, Belgium. The project will be delivered by NHOA Energy to ENGIE under a supply contract and a long-term service agreement.

The ceremony held this morning in the presence of Mathieu Bihet, Federal Minister of Energy, Marc Van de Vijver, Mayor of Beveren, Vincent Verbeke, CEO of ENGIE Belgium, and Lucie Kanius-Dujardin, Global Managing Director of NHOA Energy, marked the official start of construction on ENGIE’s battery park.

This comes after the selection of ENGIE in the 4th Capacity Remuneration Mechanism (CRM) auction by the Belgian grid operator, Elia.

The CRM was set up by the Belgian government to address the anticipated shortage of installed power capacity, partly due to the planned partial phase-out of Belgian nuclear plants in 2025. This project in particular will play a key role in supporting the region’s energy transition while also repurposing the former Kallo power plant, which operated on natural gas and fuel oil until its closure in 2011.

NHOA Energy’s European power electronics and engineering capabilities, developed in almost two decades of energy storage field experience, will guarantee the performance, resilience and cybersecurity of the Kallo BESS which, once operational, will supply energy for up to four hours, meeting the electricity needs of over 48,000 households.

“It is with great pride that we are launching the construction of this battery park in Kallo today, together with the Minister of Energy, the municipality, and our valuable partners. This is ENGIE’s second large-scale park in Belgium, a project that can only be realized through close cooperation with all of them. By developing this additional flexible capacity, we are contributing to the optimal use of wind and solar energy and meeting the needs of the electricity grid,” commented Vincent Verbeke.

“We are proud to once again join forces with ENGIE, reinforcing our mutual dedication to expanding battery energy storage solutions across Europe. This partnership to support the Belgian grid operator, Elia, underscores the essential role of energy storage in enabling the transition toward a more sustainable and resilient energy system,” commented Lucie Kanius-Dujardin.

[adrian j boris] 15/5/2025 09:04:13

Engie to introduce ‘happy hour’ energy contracts


BELGA NEWS AGENCY

14 May 2025

Energy giant Engie is developing new energy contracts featuring a ‘happy hour’ scheme, where electricity will be cheaper at specific times of the day. This was confirmed by a spokesperson for the company.

During the unveiling of a new battery park in Kallo, Engie announced its increased focus on flexibility for consumers. This would take the form of energy contracts encouraging customers to use electricity when there is an abundance of renewable energy.

“We are working on contracts that promote flexibility and encourage customers to plan their energy consumption when there is a high supply of renewable energy. Essentially, it’s a sort of happy hour”, said spokesperson Hellen Smeets. “People will pay less during certain times of the day.”

Engie is not the first to introduce such contracts. Energie.be, a smaller market player, already offers customers free consumption between 12:00 and 16:00 on Sunday afternoons.

Sunny weekends

Negative electricity prices are becoming increasingly common in the energy market, especially when there is a surplus of renewable energy. To manage these negative prices, companies are looking for ways to incentivise consumers to increase their energy use during such periods.

In recent years, negative electricity prices typically appeared during sunny weekends. However, they are now increasingly occurring on weekdays as well. This week, negative prices were observed daily around midday, with rates plunging as low as -60 euros per megawatt-hour, including a record low of -462 euros per megawatt-hour last Sunday.

The rise in negative prices is driven by an increase in renewable energy production, particularly from the growing number of solar panels. These systems often operate at full capacity in spring.

For consumers with dynamic electricity contracts, negative prices mean they are effectively paid to use energy, making it beneficial to run appliances or charge electric vehicles during these periods.

Further details on Engie’s new contracts are expected next week.



BELGA NEWS AGENCY MAAIKE TIJSSENS

[florenceorbis] 14/5/2025 09:51:37

Engie signs pact to power Cipher Mining data centre in Texas
May 14, 2025, 11:13:05 AM

Article by Martina Markosyan

renewablesnow.com


The North American unit of French utility group Engie SA (EPA:ENGI) has signed a pact to supply up to 300 MW of wind power to a data centre owned by Cipher Mining Inc (NASDAQ:CIFR) in Texas.




The companies have inked a preliminary accord to enter into a power purchase agreement (PPA) related to a wind project that will supply power to a co-located data centre, thus helping alleviate an already congested transmission area, a press statement says.

“By pairing the data center with renewable energy, this strategic collaboration supports the use of surplus energy during periods of excess generation, while enhancing grid stability and reliability,” the French firm noted.

Cipher is an emerging technology company currently developing and deploying industrial-scale data centres for bitcoin mining and high-performance computing (HPC) hosting. It has a pipeline of 2.8 GW of site capacity.

[waldron] 13/5/2025 19:44:37

ENGIE teams up with Cipher Mining to power Texas data center


News provided by
Engie North America Inc.

May 13, 2025, 13:05 ET


HOUSTON, May 13, 2025 /PRNewswire/ -- ENGIE North America (ENGIE) announced it has entered into a preliminary agreement with Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher") to enter into a power supply agreement to power a Cipher data center in Texas. Once executed, the agreement would allow Cipher to purchase up to 300 megawatts (MW) of clean energy from one of ENGIE's wind facilities.

The new arrangement would leverage the wind project's renewable energy generation to power the co-located data center, helping to alleviate an already congested transmission area. This helps offset basis risk and mitigate curtailment challenges especially in regions like West Texas, where wind and solar resources are abundant but often face constraints due to transmission bottlenecks and curtailment.

By pairing the data center with renewable energy, this strategic collaboration supports the use of surplus energy during periods of excess generation, while enhancing grid stability and reliability.

"ENGIE is committed to pursuing innovative solutions that maximize the value of renewable generation and improving cost effectiveness of delivering clean energy supply to our customers," said David Carroll, Chief Renewables Officer & SVP, ENGIE North America. "We are focused on meeting the growing need for power by our customers as they expand their operations in the U.S. and renewables is an essential part of supplying this increasing demand."

This agreement continues to reflect ENGIE's position as one of the leading providers of power purchase agreements globally.

About ENGIE North America

Based in Houston, Texas, ENGIE North America Inc. is a regional hub of ENGIE, a major player in the energy transition, whose purpose is to accelerate the transition towards a carbon-neutral economy. With 98,000 employees in 30 countries, the Group covers the entire energy value chain, from production to infrastructures and sales. ENGIE combines complementary activities: renewable electricity and green gas production, flexibility assets (notably batteries), gas and electricity transmission and distribution networks, local energy infrastructures (heating and cooling networks) and the supply of energy to local authorities and businesses. Every year, ENGIE invests more than €10 billion to drive forward the energy transition and achieve its net zero carbon goal by 2045. ENGIE (ENGI), is listed on the Paris and Brussels Stock Exchanges. For more information on ENGIE in North America, please visit our website at www.engie-na.com or our LinkedIn page at www.linkedin.com/company/engie-north-america-inc.

Contact:
ENGIE North America
Michael Clingan, External Relations
[e-mail]
832-745-6057

SOURCE Engie North America Inc.

[the grumpy old men] 09/5/2025 15:31:55

Engie Brasil's net income up 3.8% in Q1 2025

May 9, 2025, 3:13:56 PM

Article by Lucas Morais
renewablesnow.com

Brazilian power utility Engie Brasil Energia SA (BVMF:EGIE3) announced on Wednesday that its first-quarter adjusted net income went up by 3.8% on the year to BRL 823 million (USD 143.2m/EUR 126.7m).


Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 12.4% to BRL 2 billion, while the net operating revenue grew by 15.5% to BRL 3 billion.

The company said the positive results were driven by "the entry into operations of new assets and a reduction in energy purchases, attenuated by the increase in net financial expenses, depreciation and amortization".

During the period in question, Engie Brasil commercialised 9,588 GWh, a 12.1% growth in relation to the same period in 2024. The firm also invested a total of BRL 1.1 billion in the construction of projects, expansion, and modernisation of assets.

At present, the firm has its own installed capacity of 9,915.7 MW and operates a park of 11.62 GW of renewable energy operational facilities powered by hydro, biomass, wind and solar energy sources.

(BRL 1.0 = USD 0.174/EUR 0.154)

[waldron] 09/5/2025 06:35:47

Engie readies right-hand man for OCP megaproject


Rik de Buyserie, Engie's former Australia manager, has arrived in Casablanca and, although negotiations are in the works that are likely to see him appointed as regional director, he has already taken up the reins of its collaboration with OCP Group. [...]



Published on 09/05/2025 at 04:40 GMT Reading time 2 minutes

[grupo] 08/5/2025 07:27:16

Engie seals virtual PPA for 270-MW Neoen battery in Queensland

May 8, 2025, 7:52:15 AM
Article by Veselina Petrova
renewablesNow


A unit of French utility group Engie SA (EPA:ENGI) has signed a virtual power purchase agreement (PPA) for the capacity of Neoen SA’s (EPA:NEOEN) 270-MW/540-MWh Western Downs Battery Stage 1 battery project in Queensland, Australia.

Engie seals virtual PPA for 270-MW Neoen battery in Queensland
The Megapack battery system. Source: Tesla Inc

The contract was announced on Wednesday by Engie Global Energy Management and Sales (GEMS). It is the second virtual PPA that the company seals with Neoen Australia after the deal for the latter’s 300-MW/450-MWh Victorian Big Battery in late 2024.

Details about the terms and duration of the new virtual battery capacity deal were not disclosed.

Western Downs Battery Stage 1 battery energy storage system (BESS) is the initial phase of a 540-MW/1,080-MWh complex that will be co-located with a 460 MWp solar farm within the Western Downs Green Power Hub. The energy storage project deploys the Tesla Megapack 2XL technology.

Last summer, Neoen announced a 10-year virtual battery contract with utility AGL Energy for 200 MW/400 MWh of capacity in the Queensland region of Australia’s National Electricity Market. This arrangement is underpinned by Stage 1 and Stage 2 of the Western Downs Battery project.

[ariane] 07/5/2025 09:53:20

LONGi and ENGIE Forge Powerful Partnership to Drive Solar Innovation with Hi-MO 9 BC Technology
(PRNewsWIRE
News provided by
LONGi

May 06, 2025, 21:13 ET


Global Collaboration Accelerates Utility-Scale Solar Adoption with Disruptive Back Contact Technology

PARIS, May 6, 2025 /PRNewswire/ -- LONGi, a world leading solar technology company, has secured a significant agreement with ENGIE, a renowned global energy group, to deploy its advanced Hi-MO 9 modules for major utility-scale solar projects in Middle-East and North-Africa (MENA) region. This collaboration signifies a pivotal moment in the evolution of large-scale solar energy, highlighting the industry's increasing recognition of back contact (BC) technology as a game-changing solution for high-performance renewable energy installations.


This landmark partnership between LONGi and ENGIE underscores the transformative potential of Hi-MO 9 modules, powered by cutting-edge BC technology. LONGi's Hi-MO 9 modules with its highest power of 670W, a 24.8% major efficiency and its superior bifaciality up to 80%, represent a leap forward in photovoltaic innovation. By relocating all cell electrodes to the rear of the module, this revolutionary design eliminates shading losses and maximizes light capture, resulting in industry-leading conversion efficiency. Furthermore, this design enhances temperature coefficient performance, ensuring consistent power output even in challenging environmental conditions. Combined with LONGi's stringent quality standards, Hi-MO 9 offers developers unparalleled reliability and optimal long-term returns.

This collaboration between LONGi and ENGIE is set to redefine the standards of efficiency, durability, and sustainability in the solar sector.

"ENGIE's selection of Hi-MO 9 is a testament to the global energy sector's recognition of BC technology as the ultimate frontier in solar innovation." Stated Dennis She, Vice President of LONGi. "LONGi's collaboration with ENGIE sets a new benchmark for utility-scale solar deployments worldwide. This partnership reaffirms our commitment to delivering solutions that redefine efficiency, durability, and sustainability."

"For ENGIE, this partnership with LONGi reflects our commitment to lead the global energy transition through the adoption of cutting-edge, innovative and sustainable solutions. This collaboration agreement will serve as a model for large-scale solar development in Middle-East and North-Africa, driving progress toward a carbon-neutral future," said François-Xavier BOUL, ENGIE Managing Director MENA Renewables & Batteries.

This collaboration reflects LONGi's dedication to harmonizing technological advancement with environmental responsibility. The high-power density of Hi-MO 9 modules optimizes land use, contributing to more sustainable development practices. LONGi and ENGIE are committed to upholding rigorous environmental protocols throughout the project lifecycle.

SOURCE LONGi

[ariane] 05/5/2025 12:48:05

Latest Dividends

Summary Previous dividend Next dividend

Status Paid Forecast

Type Final Final

Per share 148¢ lets go for 150c

Declaration date 27 Feb 2025 (Thu) -
–
Ex-div date 25 Apr 2025 (Fri) 27 Apr 2026 (Mon)

Pay date 29 Apr 2025 (Tue) 01 May 2026 (Fri)

[waldron] 05/5/2025 08:10:11

OCP-Engie venture not quite cooking with gas


The Moroccan phosphate giant and French energy company teamed up last year to carry out feasibility studies. However, they still do not have a clear vision for their green hydrogen production plans. [...]

AFRICANINTELLIGENCE.COM

[gibbs1] 02/5/2025 11:50:52

Engie acquires 54 MW wind project in Romania


May 2, 2025, 12:49:44 PM

Article by Alexandru Cristea

May 2 (SeeNews) - Engie Romania, part of French utility company Engie, said it has finalised the acquisition of a 54 MW wind project in the southeastern commune of Mereni, Constanta county.


The project was acquired at the ready-to-build stage, with all the necessary construction permits secured for the start of works, which is scheduled for the end of this year, with commissioning planned for 2027, Engie Romania said in a press release on Tuesday. The value of the transaction and the seller were not disclosed.

Once finalised, the wind park will generate an estimated 180 GWh of green energy per year, covering the annual consumption of about 90,000 households, and will reduce carbon dioxide emissions by about 55,000 tons annually.

Engie Romania currently has a renewable capacity of 211 MW, including 178 MW in wind capacity and 33 MW in solar capacity. In the near future, the company also intends to commission the 37.2 MWp solar plant it is developing in Aricestii Rahtivani, Prahova County, as per the press release.

[waldron] 02/5/2025 09:54:51

Engie Brasil launches public call for innovation in solar plants


May 2, 2025, 10:32:55 AMArticle by Lucas Morais

share
Brazilian power utility Engie Brasil Energia SA (BVMF:EGIE3) announced on Wednesday it is holding a public call to finance innovation projects focused on solutions for solar power plants.

Engie Brasil launches public call for innovation in solar plants
Solar farm. Author: Alan Levine.

Under the InovaSolar initiative, select proposals will take part in a Research, Development and Innovation (RD&I) project managed by Engie and carried out within the scope of local power sector regulator Aneel's RD&I programme.

According to the company, proposals can be submitted by Science and Technology Institutes (ICTs), universities, start-ups, technology-based companies and consultancies based in Brazil. The registration is free and has a deadline by June 9, 2024.

There are ten lines of research Engie is targeting: cleaning photovoltaic (PV) panels in large-scale solar power plants; prevention of equipment theft; vegetation control; mitigation of losses and unavailability of equipment; fire detection and prevention; improving reliability in the operation of trackers; rain and humidity monitoring for efficient cleaning; reducing curtailment; strategic standardisation for the technological recomposition of solar parks; and anticipation and operational resilience in the face of extreme weather events.

RENEWABLESNOW

[waldron] 29/4/2025 17:14:21

Engie Romania acquires 54-MW shovel-ready wind project

Apr 29, 2025, 6:25:01 PM

Article by Plamena Tisheva
RENEWABLESNOW

The Romanian unit of French utility group Engie SA (EPA:ENGI) said on Tuesday it has completed the acquisition of a 54-MW wind project in the municipality of Mereni, Constanta, as it expands its renewable energy portfolio to reach its goal of 1 GW of installed capacity by 2030.



The project is ready to build and is expected to commence construction by the end of 2025, with commissioning slated for 2027. Once up and running, it is expected to generate 180 GWh a year.

The acquisition builds on portfolio additions in 2024, namely the development of a 57-MW hybrid wind-solar plant and the purchase of an 80-MW operational wind farm, which brought Engie Romania’s installed renewables capacity of 211 MW. The company has three wind farms with a combined capacity of 178 MW and five photovoltaic farms totalling 33 MW. It is also set to commission a 37.2-MWp solar power plant in Aricestii Rahtivani, Prahova County.

[adrian j boris] 28/4/2025 11:35:45

ENGIE

17.675EURD +0.250 +1.43%

As of today at 12:19 GMT+2

[waldron] 25/4/2025 08:39:05

ENGIE
17.330EURD
−1.375−7.35%
As of today at 09:23 GMT+2