Energiser Investments Share Discussion Threads

[misca2] 27/12/2020 15:38

ENGIE : The resistance should give in
12/24/2020 | 07:28am GMT

12/24/2020 | 07:28am GMT
long trade
Live
Entry price : 12.725€ | Target : 14€ | Stop-loss : 11.6€ | Potential : 10.02%
ENGIE shares are trading close to a major technical resistance, which, if broken, could yield new upside potential and an increase in volatility. This scenario can be anticipated.
Investors have an opportunity to buy the stock and target the € 14.
ENGIE : ENGIE : The resistance should give in
Summary

The company has solid fundamentals for a short-term investment strategy.


Strengths

As regards fundamentals, the enterprise value to sales ratio is at 0.98 for the current period. Therefore, the company is undervalued.
With a P/E ratio at 11.93 for the current year and 11.82 for next year, earnings multiples are highly attractive compared with competitors.
The company is one of the best yield companies with high dividend expectations.
For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
Analysts covering this company mostly recommend stock overweighting or purchase.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.


Weaknesses

According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
The company is in debt and has limited leeway for investment
The company's earnings releases usually do not meet expectations.
Revenue estimates are regularly revised downwards for the current and coming years.
For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.

[sarkasm] 27/12/2020 11:18

THE TELEGRAPH



‘Profits will grow seven-fold' – why oil stocks are set for a bumper 2021

Earnings could rocket at companies sensitive to the economy while utilities and technology firms may struggle

By Sam Benstead 27 December 2020 • 5:00am

The oil sector is primed for a blowout 2021, with profits set to rise seven times compared with 2020....

[waldron] 27/12/2020 09:48

GULFNEWS




Although the pandemic will continue to weigh on oil demand in 2021, some estimates show that monthly supply deficits could reach their highest in years.

Rystad Energy expects vaccination campaigns to help bring a rapid recovery going forward. Monthly supply deficits will start from May, reaching a high of around 3.4 million barrels per day in August.

“As deficits continue uninterrupted through the year, August’s high could be repeated, if not exceeded by year-end,” the energy consultancy said.

“Our monitors in the US are starting to point out at stronger activity … In addition, there are winds of change forecasted in the geopolitical realm next year,” said Bjornar Tonhaugen, Head of Oil Markets at Rystad Energy.
Oil prices rally

Meanwhile, crude prices continued to rise as markets shrugged off US President Donald Trump’s threats to derail the stimulus programme.

Brent crude rose 2.7 per cent to $51.15 a barrel, while US crude (WTI) jumped 2.75 per cent to $48.05 a barrel.

“With liquidity falling into the holiday period, I expect oil to trade in some quite broad, and potentially volatile ranges in the days ahead,” said Jeffrey Halley Senior Market Analyst, Asia Pacific, OANDA.

“Oil’s ability to move through resistance depends entirely on developments in Washington DC, which are looking very messy at the moment,” said Halley. “That still leaves the door open equally, for a sharp fall or rally from here, despite the underlying bullish case for higher prices in 2021.”
Balanced market

Going into 2021, the market will largely be balanced in January, with supply and demand hovering between 77.7 and 77.8 million barrels per day (bpd), according to Rystad Energy.

The effect of global lockdowns will be felt even more in February and March as demand will not follow the growing supply, creating a surplus of 0.5 million bpd in February and 1.4 million bpd in March.

A minor surplus will also be recorded in April but the market will recovery shortly after, the consultancy said.

[sarkasm] 21/12/2020 14:59

Wind 21 December 2020 Engie, Equinor and Enel announce wind data sharing project

Engie, Equinor and Enel announce wind data sharing project

Published by Bella Weetch, Editorial Assistant
Energy Global, Monday, 21 December 2020 12:45

Some of the largest wind turbine owners in the world have announced the launch of a new data sharing programme. Turbine owners around the world will securely and openly exchange operational performance data, enabling them to reduce their data dependency to OEMs, improve analytics and develop a transparent global performance benchmark.

The key objective of the project is to unlock operational insights and to create an operational turbine performance baseline. Enel, Engie and Equinor have confirmed their participation to the project and committed to sharing data from over 10 000 turbines both onshore and offshore. The programme is open to any turbine owner, and a significant number of companies are expected to join the project in the coming months. A series of seminars will take place at the beginning of 2021 to enable any interested party to assess opportunities and coordinate platform development efforts.

By exchanging data on tens of thousands of operating turbines worldwide, leading wind asset owners will be able to turn insights into tangible advantages, such as improving wind farm operations, as well as improving the success rate of claims related to lower than expected power production.

The complete legal framework of the programme, along with detailed technical description for which data are to be shared, and the complete exchange process will be presented at the upcoming industry seminar.

[sarkasm] 20/12/2020 13:28

Summary

A weaker dollar in 2021 is likely to open the door for higher oil prices, as analysts widely expect the greenback to struggle next year.

[the grumpy old men] 20/12/2020 08:44

Engie buys top Saudi facilities management group AMC
RIYADH, 0 hours, 46 minutes ago
Engie Solutions, an international leader in providing low carbon energy and services, has acquired Allied Maintenance Company (AMC), a Saudi-based total facilities management company with a wealth of experience across numerous locations in the kingdom.

Formed in 1992, AMC has more than three decades of experience serving customers across a range of sectors in Saudi Arabia.

With more than 1,300 staff, AMC currently manages multiple projects in strategic locations across Riyadh, Al Khobar, Dammam, Jubail, Khamis Mushayt, Taif, Jeddah, and Tabuk.

Through the acquisition, Engie will expand its presence in Saudi Arabia by leveraging AMC’s countrywide coverage and client base, while also proving customers with its world leading low carbon energy services – particularly in the areas of energy efficiency and digitization, said the statement from the company.

Engie’s portfolio in the region includes bespoke and performance-based energy services built on people, expertise and cutting-edge technologies.

An objective of the company’s growing presence in Saudi Arabia is to elevate technical capabilities by upskilling the local workforce and deploying new and sustainable solutions designed to optimize energy consumption, asset performance, and operating costs, it added.

On the acquisition, Ian Harfield, Executive Vice President of Engie Solutions (Middle East, South and Central Asia and Turkey) said: "With its strong reputation and network across Saudi Arabia, AMC is a welcome integration into the Engie Group that will strengthen our leadership in delivering energy-driven client solutions locally in Saudi Arabia, and across the region, in line with Engie Group’s vision to enable the transition towards a carbon-neutral society."

On the acquisition, Turki Al Shehri, CEO of Engie in Saudi Arabia, said: "This represents the group’s confidence in the talent and skills cultivated in the Kingdom over the years. By strengthening these long-standing relationships, we plan to accelerate the deployment of integrated energy solutions to our client base in Saudi Arabia."

"We have witnessed remarkable growth across all sectors in the Kingdom, and along with this growth comes a stronger need for value and performance focused solutions," he added.

"This is a proud moment for AMC, to be integrated into Engie Group, said its CEO Abdullah El Sibai.

"As a homegrown company, we have grown a strong portfolio of clients over the last 30 years, and this new step for our company will enable us to enhance our offerings and attract a new generation of technical and skilled workforce to join the growing ranks of professionals in the Kingdom’s energy services sector," he added.-TradeArabia News Service

[the grumpy old men] 20/12/2020 08:27

FORECOURTTRADER.CO.UK



Latest News
Engie works with Silverstone Green Energy on Wales’ first national EV charger network

By John Wood18 December 2020

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electric charging Prius plug-in hybrid close up

EV charging company Engie has worked with Silverstone Green Energy to roll out the first public charging network across Wales.

The Dragon Charging uses the GeniePoint Platform to provide full operational and management facilities including 24/7 customer support for any driver using the network.

Use of the GeniePoint Platform back office system will enable GeniePoint Network drivers to use the Dragon Charging Network, and other linked EV charging networks, without having to re-register and vice versa.

GeniePoint will also provide driver access functionality via the Dragon website. Drivers also have the option of RFID access card for low signal areas.

The Dragon Charging Network offers more than 120 chargers across the country from the Severn Bridge to Pembroke and North to Aberystwyth.

Andrew Mackay, construction project manager, Silverstone Green Energy, said: “We chose the GeniePoint Platform as the back office provider for the Dragon Charging Network because of its proven track record of product reliability and flexibility, but equally because of the great team at Engie providing support, help and advice to our team and to drivers using the Dragon Charging Network.”

The Welsh Government recently published its strategy to boost the take up of electric vehicles across the country, it’s vision to have all users of electric cars and vans confident that they can access electric vehicle charging infrastructure when and where they need it by 2025. To help with the delivery of this plan, they have set aside proposed investment of £30m over five years.

Alex Bamberg, managing director of Engie EV Solutions, said. “Our established market experience enables us to focus on joining up all aspects of electric vehicle charging to provide a clear route for easy transition to electric transport solutions. Providing seamless interoperability across multiple networks makes the easiest driver experience therefore encouraging and supporting the switch to zero carbon transport.”

The chargers on the Dragon Charging Network are owned by local authorities, community groups and commercial organisations that want to make their chargers available for public use. Many of the local authorities involved provide free parking while charging to further encourage changing to electric transport. Engie and Silverstone are continuing to expand the network as more organisations join.

[the grumpy old men] 20/12/2020 08:23

Engie Romania buys 9.3 MW solar park in Harghita county
Wind power, turbine Source: SeeNews

BUCHAREST (Romania), December 18 (SeeNews) - The Romanian arm of French electric utility company Engie said on Friday that it has completed the acquisition of a 9.3 MW photovoltaic park in the central county of Harghita.

The acquisition is in line with Engie Romania's strategy focused on the development of renewable energies that have a key role in the energy transition, the company said in a press release.

The value of the deal was not disclosed.

Prior to the completion of the deal, the park was part of Ever Solar, a local company owned by German photovoltaic park developer Soventix and developer Alpin Solar.

The photovoltaic farms were put into operation in 2015 and have so far produced approximately 55 GWh, the equivalent of annual electricity consumption of some 34,000 households.

"This acquisition marks a new stage in achieving our goal of becoming a major investor in the field of renewable energy in Romania by 2030, thus contributing to the group's ambition to be the leader in energy transition," Engie Romania president and CEO Eric Stab said.

"Locally, our goal is to occupy a leading position in the segment of centralised renewable energy - given that wind and solar energy will have an increasing share in the future energy mix of the country - and to provide green energy to our customers, either natural or legal persons," he added.

"Romania has a high potential for solar energy, which will be capitalised more and more in the coming years. Therefore, our objective is to continue the development of the installed capacity portfolio of renewable energies, both through organic growth and acquisitions," Engie Romania said in the statement.

Engie Romania currently operates 110 MW of renewable energy in wind and photovoltaic capacities. Prior to this acquisition, the company was active in renewable energy with two wind farms, with an installed capacity of approximately 100 MW, located in Braila and Galati counties .

The Engie Group is present in Romania in natural gas, electricity and energy services.

Engie Romania is the main subsidiary of the French group in Romania and owns the companies Distrigaz Sud Retele, ENGIE Servicii, ENGIE Building Solutions, Alizeu Eolian and Braila Winds, serving a total 1.9 million customers. Engie Romania and its subsidiaries operate a distribution network of about 20,000 km, own two wind farms with a total capacity of 110 MW and have 4,000 employees.
More stories to explore


RENEWABLESNOW

[waldron] 18/12/2020 17:55

Bp
271.35 +0.74%

Vodafone
125.98 +0.40%

Royal Dutch Shell A
1,381.2 -0.55%



Royal Dutch Shell B
1,341 -0.67%

Tullow Oil (TLW)
31.67 -0.08 (-0.25%)



Total
35.99 -1.09%


Engie
12.625 -0.36%

Orange
9.95 +3.37%


Axa
19.884 -1.30%



Eni
8.621 -1.03%

[la forge] 15/12/2020 12:52

ENGIE signs renewable energy PPAs with Amazon

Published by Sarah Smith, Digital Editorial Assistant
Energy Global, Tuesday, 15 December 2020 11:40

ENGIE has announced several energy offtake contracts with Amazon for a global renewable energy portfolio of wind and solar projects across the US, Italy and France totalling 650 MW. These Corporate Power Purchase Agreements (PPAs) will exclusively rely upon renewable energy production facilities developed by ENGIE. For ENGIE, this operation is the largest portfolio of agreements signed at once with a single counterparty.

These projects align with Amazon’s goal to power its operations with 100% renewable energy by 2030 and reach net zero carbon by 2040. They also demonstrate ENGIE's expertise across the green energy value chain, from the construction and operation of renewable energy plants, to the sale of energy to industrial customers. In 2019, ENGIE signed over 2000 MW worth of clean energy Corporate PPAs, mostly in the US but also in Europe, notably in Spain.

In the US, Amazon’s new renewable energy solar and wind projects with ENGIE represent 569 MW in Delaware, Kansas, North Carolina, Ohio and Virginia. They will supply Amazon with approximately 1850 GWh of power and with the associated project renewable energy credits (REC’s) annually. During construction, ENGIE will create approximately 300 jobs at each wind facility and 210 jobs at each solar facility. Projects are expected to reach commercial operation in 2021 through 2022.

In Europe, Amazon’s total contracts with ENGIE add up to 66 MW in Italy and 15 MW in France, and are the company’s first utility-scale renewable energy projects in each country. Amazon will purchase renewable energy from two solar facilities located in Southern Italy and another in Southern France to power its European operations.

"These new projects with ENGIE represent our first utility-scale renewable energy projects in Italy and France in Europe and our first projects in Delaware and Kansas in the US. They substantially help us on our path to powering our operations with 100% renewable energy by 2030,” said Nat Sahlstrom, Director, Amazon Energy. “Working with ENGIE, we are able to add 650 MW of new power to grids in the US and Europe. Our push for more renewable energy is one step toward our goal of reaching net-zero carbon by 2040 as part of Amazon’s commitment to The Climate Pledge.”

These contracts demonstrate ENGIE’s capabilities to commercialise green energy internationally for our customers, and in North America - as elsewhere - we recognise that bold commitments are needed from global companies and local communities alike to lead the way to clean energy use,” said Gwenaëlle Avice-Huet, ENGIE’s Executive Vice President in charge of the Renewables Business Line and Chief Executive Officer of ENGIE North America. “We are excited to work with Amazon to create a clean, prosperous, low carbon future - and create economic benefits for the communities involved.”

[waldron] 13/12/2020 17:50

Engie's water solutions

Engie to provide sustainable drinking water in Kuwait

KUWAIT, 6 hours, 42 minutes ago

Engie Solutions, an international leader in integrated low-carbon and high performance solutions, has recently collaborated with Kuwait Foundation for the Advancement of Sciences (KFAS) and Trashtag Kuwait, both non-profit organisations, in launching Project My Mai.

It is the latest environmental and community initiative that aims to provide sustainable drinking water solutions to low-income migrant communities that have been affected by the pandemic.

With the support from KFAS, Engie Solutions Kuwait and Trashtag Kuwait volunteers installed 200 water filters in several communities, helping more than 1,000 people by giving them access to a safe, clean and sustainable source of water.

In alignment with Kuwait Vision 2035’s sustainable development goals, this initiative is also expected to prevent over 2 million plastic water bottles from being used.

Tomas Greenwood, General Manager, Engie Solutions Kuwait, commented: “As part of the Engie Group, we are dedicated to providing sustainable and innovative solutions to our customers in Kuwait, as well as to the community. It gives us great pride to be able to contribute to Trashtag Kuwait’s efforts to provide sustainable sources of water that will positively impact the environment in the long run, while also encouraging people to make the switch for the betterment of the environment.”

Commenting on the initiative, Eng Manar Al Rashed, Programme Manager of the Scientific Culture Directorate of KFAS said: “We believe that civil society organisations (CSOs) have an in-depth understanding of the social, environmental, economic, and institutional challenges associated with the Covid-19 pandemic, and can offer innovative and effective interventions to tackle and address them.”

Carina Maceira, Co-Founder, Trashtag Kuwait, said: “The pandemic has affected many families in Kuwait and around the world. Through Project My Mai, we wanted to support the people of Kuwait by ensuring they have access to clean water but so they will also choose sustainable sources that will eventually reduce the use of plastic.”

This campaign is also in line with Engie Solutions Kuwait's ongoing commitment towards a cleaner and more sustainable Kuwait, which the company seeks to achieve through the provision of sustainable energy and services solutions for communities, industries and properties.

Earlier this year, Engie Solutions Kuwait partnered with Trashtag Kuwait to host a beach cleanup. The activity saw 85 volunteers collect more than 56 bags of trash on Kubbar Island. Trashtag Kuwait regularly hosts environmental initiatives such as weekly clean-ups, as well as raising awareness and educating the public on marine litter, the carbon footprint of water bottles, overfishing of local and regional fish stocks, high ocean water salinity, and other pertinent environmental issues.-- Tradearabia News Service

[sarkasm] 12/12/2020 08:08

Russia resumes Nord Stream 2 pipeline work in German waters
Dec. 11, 2020 1:10 PM ETPublic Joint Stock Company Gazprom (OGZPY)By: Carl Surran, SA News Editor13 Comments

Russia has resumed construction of the Nord Stream 2 gas pipeline to Germany, laying pipes after a one-year hiatus caused by U.S. sanctions, the pipeline operator says.
Gazprom's (OTCPK:OGZPY) western partners in the project, which is estimated to cost €9.5B ($11.5B), are Royal Dutch Shell (RDS.A, RDS.B), BASF (OTCQX:BASFY), Uniper (OTC:UNPPY), OMV (OTCPK:OMVJF) and Engie (OTCPK:ENGIY).
"The pipelay vessel Fortuna will lay a 2.6 km section of the pipeline in the German Exclusive Economic Zone in water depths of less than 30 meters (100 ft.)," Nord Stream 2 says.
The Fortuna, which was used to lay pipe in the Russian section of the 55B cm/year pipeline, is a vessel that uses anchors, unlike Russia's Akademik Cherskiy pipelayer, which has dynamic positioning capabilities.
However, the threat of U.S. sanctions against any company involved could still present an obstacle to pipelaying in Danish waters, S&P Global Platts reports.
Meanwhile, German lawmakers are looking at creating a legal mechanism that would help protect Nord Stream 2 from U.S. sanctions.
Also, the U.S. is set to pass expanded sanctions as part of its new defense bill.

[waldron] 11/12/2020 17:07

Brent Crude Oil NYMEX 50.00 -0.73%
Gasoline NYMEX 1.31 -0.70%
Natural Gas NYMEX 2.62 +1.24%
WTI 46.645 USD -0.91%


FTSE 100
6,546.75 -0.80%
Dow Jones
29,930.28 -0.23%
CAC 40
5,507.55 -0.76%
SBF 120
4,355.92 -0.72%
Euro STOXX 50
3,487.35 -1.08%
DAX
13,114.3 -1.36%
Ftse Mib
21,709.76 -0.94%



Eni
8.808 -1.43%



Total
37.02 -1.71%



Engie
12.34 -0.44%

Orange
9.908 -4.04%

Axa
19.658 -1.73%

Bp
275.25 -3.34%

Vodafone
130.98 -2.06%

Royal Dutch Shell A
1,394.8 -2.79%

Royal Dutch Shell B
1,337.4 -3.45%

Tullow Oil (TLW)
31.65-1.08 (-3.30%)

[waldron] 11/12/2020 06:40

THEBUSINESSTIMES

Engie-backed EVBox to go public in US$1.4b TPG Spac deal
Fri, Dec 11, 2020 - 12:05 PM

[NEW YORk] TPG Pace Beneficial Finance Corp, a special purpose acquisition company, agreed to acquire EV Charged BV, a unit of French utility Engie that specialises in electric-vehicle charging technology.

The deal will create a combined entity, EVBox Group, with a valuation of about US$1.4 billion, the companies said Thursday. It will give EV Charged, which does business as EVBox, an implied enterprise value of US$969 million.

Engie, which acquired EVBox in 2017, will retain a stake of more than 40 per cent.

Founded in 2010, Amsterdam-based EVBox makes hardware and software, and operates a network of more than 190,000 charge ports in 70 countries. The transaction with Fort Worth, Texas-based TPG Pace is set to provide the company with the means to broaden its technology offerings and expand globally.

"We've built out a dominant pan-European position and are convinced that joining forces with a strong American shareholder will help us accelerate our growth in North America," Kristof Vereenooghe, president and chief executive officer of EVBox, said in an interview.



EVBox has developed products approved for utility rebate programmes in US states including California and New York, Mr Vereenooghe said. In February, the company announced it had leased a production facility in Libertyville, Illinois.

"We're expecting explosive growth in electric vehicles and are excited about the impact EVBox can have in reducing carbon emissions," said Karl Peterson, a TPG senior partner who oversees TPG Pace Group, the private equity firm's Spac effort.

The combined entity is expected to have about US$425 million in cash on hand, in part from a US$225 million public investment in private equity, or Pipe, raised from investors including Wellington Management, funds managed by BlackRock and Neuberger Berman, as well as Inclusive Capital Partners.

TPG Pace raised US$350 million in an October initial public offering, with a goal of acquiring a target with strong environmental, social and governance practices.

Other companies that make or provide technology for electric vehicles have turned to Spacs for fresh capital. ChargePoint, Fisker, Nikola, Arrival and Velodyne Lidar are among those that have struck deals to go public through blank-cheque firms.

BLOOMBERG

[la forge] 09/12/2020 10:31

ENGIE : Berenberg reiterates its Buy rating

12/09/2020 | 10:27am GMT


Lawson Steele from Berenberg retains his positive opinion on the stock with a Buy rating.


The target price is increased from EUR 13 to EUR 14.

[waldron] 08/12/2020 06:51

ENGIE North America partners with Hannon Armstrong to secure $172 million of investment for distributed solar-plus-storage portfolio
engieservices.us (PRNewsfoto/ENGIE Services U.S.)

News provided by
ENGIE North America

Dec 07, 2020, 16:45 ET

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HOUSTON and ANNAPOLIS, Md., Dec. 7, 2020 /PRNewswire/ -- ENGIE North America and Hannon Armstrong (NYSE: HASI), a leading investor in climate change solutions, announce a new partnership to jointly invest in a Distributed Generation (DG) portfolio of solar and solar-plus-storage assets located across the United States.

The portfolio is comprised of a diversified set of community solar and commercial & industrial (C&I) ground-mounted, carport and rooftop solar and solar-plus-storage projects (around 70 MW in total) located across the U.S., including Massachusetts, Illinois, Vermont, California, Texas, and Arizona.

"ENGIE is pleased to partner with Hannon Armstrong on this portfolio, which further demonstrates ENGIE's leadership and strong commitment to climate action goals towards its clients. This new partnership reinforces the ambitions of our organizations," said Gwenaëlle Avice-Huet, Executive Vice President, in charge of the Renewable and Hydrogen Business Units France, responsible for the Global Renewable Business Line and CEO of the North America Business Unit. "This program signals further forward momentum as we work alongside our customers towards a carbon neutral future."

"We are delighted to expand our programmatic relationship with ENGIE with this latest agreement," said Hannon Armstrong Chairman and CEO Jeffrey W. Eckel. "This partnership highlights one of the key strengths of our historic core value proposition to clients of executing on scalable investment solutions for smaller, distributed clean energy projects that are essential to a climate-positive future."

The agreement will allow ENGIE to rely on committed capital by Hannon Armstrong through December 31, 2021 to finance DG assets across the U.S. ENGIE will retain partial ownership and provide development, construction, operational, asset management, and administrative services. Hannon Armstrong will provide capital to ENGIE through a unique structure that will bring efficiency to a forward flow of projects, leveraging tax equity financing through an upper-tier arrangement with Morgan Stanley. Hannon Armstrong's collaboration with Morgan Stanley on this portfolio represents an expansion of the firms' relationship in recognition of Morgan Stanley becoming the first U.S. bank to commit to disclosing portfolio greenhouse gas emissions and backing the push toward unified measurement of financed emissions via the Partnership for Carbon Accounting Financials (PCAF).

Distributed generation represents an important piece of ENGIE's U.S. solar-plus-storage market strategy as it represents a sizable share of the overall non-residential solar-plus-storage market. Distributed clean energy generation, including the community solar projects included in the portfolio, foster access to renewable energy and is a key component of the clean energy targets and ambitions of cities, communities, corporate and utility customers. ENGIE currently owns and operates approximately 300 MW of DG solar assets.

About ENGIE North America
ENGIE North America Inc. offers a range of capabilities in the United States and Canada to help customers decarbonize, decentralize and digitalize their operations. These include comprehensive services to help customers run their facilities more efficiently and optimize energy and other resource use and expense; clean power generation; energy storage; and retail energy supply that includes renewable, demand response, and on-bill financing options. Nearly 100% of the company's power generation portfolio is low carbon or renewable. Globally, ENGIE S.A. relies on their key businesses (gas, renewable energy, services) to offer competitive solutions to customers. With 170,000 employees, customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress. For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, www.engie-na.com and www.engie.com.

About Hannon Armstrong
Hannon Armstrong (NYSE: HASI) is the first U.S. public company solely dedicated to investments in climate change solutions, providing capital to leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $6 billion in managed assets as of September 30, 2020, Hannon Armstrong's core purpose is to make climate-positive investments with superior risk-adjusted returns. For more information, please visit www.hannonarmstrong.com. Follow Hannon Armstrong on LinkedIn and Twitter @HannonArmstrong.

ENGIE North America Media Contact:
Sandrine Deparis, [e-mail], [phone]

Hannon Armstrong Media and Investor Relations Contacts:
Gil Jenkins, [e-mail], [phone]
Chad Reed, [e-mail], [phone]

SOURCE ENGIE North America

[the grumpy old men] 06/12/2020 13:37

Russian Ships Move To Baltic Sea Areas To Resume Construction Of Controversial Pipeline

December 06, 2020 03:15 GMT

By RFE/RL




A Russian pipe-laying ship has moved into position to resume construction of a natural-gas pipeline in the Baltic Sea that the United States, Ukraine, and other countries have vehemently opposed.

German shipping authorities have issued an advisory for the Baltic Sea area where the last few kilometers of the controversial Nord Stream 2 pipeline are set to be laid and warned vessels to avoid the zone from December 5-31.

The Akademik Cherskiy reached the area off the coast of Poland on December 5, according to Marine Traffic tracking services.

Also on December 5, the Russian pipe-laying ship, Fortuna, left a German port apparently heading to a different location where another pipeline section is to be built. Norddeutscher Rundfunk (NDR) posted a video showing the 170-meter-long vessel being pulled by five tugboats.

A spokesman for the Nord Stream 2 project declined to disclose information about the ships’ plans because he wanted to protect the companies involved, according to NDR.

The repositioning of the vessels followed Russia’s pledge to complete the pipeline despite the threat of U.S. sanctions. The pipeline still has 16 kilometers left in German waters and another 60 kilometers in the Danish section yet to be built.

Russia's state-controlled natural-gas company Gazprom has moved to finish construction of the pipeline with its own resources after construction was thrown into uncertainty a year ago following U.S. sanctions on the project, which will double Russian natural-gas deliveries to Germany.

The United States argues that the Nord Stream 2 would erode European energy security at a time when relations between the West and Russia are at post-Cold War lows over numerous issues, including the poisoning of Kremlin critic Aleksei Navalny and Moscow's 2014 annexation of Ukraine's Crimea.

German Chancellor Angela Merkel has faced criticism for backing the project, but there has been speculation that she might withdraw her support following the poisoning of Navalny earlier this year.

The U.S. Embassy in Berlin on December 5 called on the German government to halt construction of the pipeline.

"Now is the time for Germany and the EU to call for a moratorium for the pipeline's construction," Robin Quinville, charge d'affaires at the embassy, told the newspaper Handelsblatt on December 5.

This would send a clear signal that Europe "no longer accepts Russia's sustained malevolent behavior," she said.

The official added that the pipeline was not just an economic project but a political tool for the Kremlin to circumvent Ukraine and split up Europe.

Poland, Ukraine, and the Baltic states are fiercely opposed to the pipeline. Ukraine has complained because Nord Stream 2 would reroute Russian gas around Ukraine, depriving Kyiv of much-needed transit fees.

Russia, which initially expected to complete the pipeline in early 2020, has accused the United States of using energy sanctions as a "weapon" to open new markets for its oil and gas industry.

After the sanctions on vessels were passed, Russian President Vladimir Putin said he hoped the pipeline would be completed by early 2021.

The U.S. Congress is considering another bill that would widen the scope of sanctions to include any individual or entity providing insurance, technical certification, or welding services for the project.

With reporting by dpa, AP, AFP, and Norddeutscher Rundfunk

[grupo guitarlumber] 06/12/2020 10:25

ENGIE : Kepler Cheuvreux remains its Buy rating
11/30/2020 | 01:57pm GMT


In a research note published by Ingo Becker, Kepler Cheuvreux advises its customers to buy the stock.

The target price has been lifted and is now set at EUR 16 compared to EUR 14 before.

[sarkasm] 06/12/2020 09:35

Why The World Can’t Quit Fossil Fuels
By Haley Zaremba - Dec 05, 2020, 5:00 PM CST
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Have the recent pronouncements of the death of oil and reigning renewables been more rhetoric than reality? Yes and no. It’s true that peak oil is now closer than ever, and globally we’re seeing a more earnest effort to decarbonize than ever before, in large part thanks to green stimulus packages for post-COVID economic recovery. But for all of the advances that green energy is making around the world, it’s just not enough to achieve the kind of greenhouse gas emissions reductions necessary to curb the impact of climate change. In fact, it’s not even close. This week Axios reported on the “chasm between CO2 goals and energy production,” saying that “projected and planned levels of global oil, natural gas and coal production are way out of step with the kind of emissions cuts needed to hold global warming significantly in check.” This reporting is based on a brand new study. The second annual “Production Gap Report” is the continuation of a project developed in collaboration with the United Nations Environment Programme (UNEP). The 2020 report was put together by the UN, the Stockholm Environment Institute, the International Institute for Sustainable Development, the Overseas Development Institute and the climate think tank E3G.

The purpose of the report, which is modelled after and alongside UNEP’s Emissions Gap Reports is to synthesize and communicate “the large discrepancy between countries’ planned fossil fuel production and the global production levels necessary to limit warming to 1.5°C and 2°C.” And, as it turns out, that discrepancy is still quite large, even after the COVID-19 pandemic took a huge bite out of fossil fuel demand and the oil and gas industry as a whole.

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The report calculates the emissions that will be released from fuel combustion over the next calendar year based on projections and extrapolations of all the countries of the worlds’ planned and estimated fossil fuel extraction. The prognosis is grim. While meeting the Paris climate accord goal of limiting and maintaining long-term global warming to just 1.5° Celsius over pre-industrial temperature averages would require the global community to reduce fossil fuel production by a full 6 percent each year over the course of the next decade, right now most countries are reaching toward a reduction goal of just 2 percent--less than half of what is needed. Despite the fact that all 196 members of the United Nations Framework Convention on Climate Change (UNFCCC) signed onto the Paris Agreement, according to the 2020 Production Gap report, "countries are instead planning and projecting an average annual increase of 2 percent, which by 2030 would result in more than double the production consistent with the 1.5°C limit."

While the world is heading in the right direction overall to bring down greenhouse gas emissions on the eve of catastrophic climate change, it simply isn’t doing so with enough urgency. For example, while coal has had an especially rough year and seems to be on its very last legs as an industry, it would need to see a whopping 11 percent production cut every year until 2030 to comply with the 1.5°C pathway. It’s hard to see that happening when countries like China are falling back on coal in times of economic and energy insecurity.

Similarly, while OPEC+ is mulling over the idea of extending production cuts to keep oil prices afloat during this extended oil demand downturn, it would be shortsighted and naive to think that means the end of oil is upon us. While we may very well be living in the era of peak oil, that is a far cry from seeing a 6 percent annual decrease of the fuel that still overwhelmingly powers the global economy.

Ultimately, in spite of all the lofty rhetoric, “the pandemic-related production declines this year won't lead to the long-term changes needed to get on track toward those temperature targets.” For that we need human intervention and intentional economic and political restructuring, not just viral disruption.

By Haley Zaremba for Oilprice.com