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[the grumpy old men] 10/4/2021 08:51

FARSNEWS.IR


Russia Calls Out US Meddling in Nord Stream 2 Project

TEHRAN (FNA)- Russian Foreign Ministry Spokeswoman Maria Zakharova cautioned the United States not to contrive any illegitimate obstacles hindering the completion of the Nord Stream 2 pipeline.

"It would be a good idea for the US to set an example by complying with the relevant norms of international law and eventually stop putting up illegal hurdles to the implementation of the Nord Stream 2 project," she told a briefing on Friday, TASS reported.

"Even though the United States is not a party to United Nations Convention on the Law of the Sea, [it] poses as a staunch advocate of freedom of the seas open to all countries. That’s just like them, isn’t it? While not being a party to the relevant international process they demand that everyone employ their [the US’] own view of certain rules," the diplomat pointed out.

The Nord Stream 2 project envisages the construction of two pipeline strings with a total capacity of 55 bln cubic meters per year from the coast of Russia through the Baltic Sea to Germany. The pipeline’s construction was suspended at the end of 2019 when the Swiss pipe-laying company Allseas stopped work due to Washington’s sanctions. However, work resumed in December 2020 after a year-long pause.

[waldron] 05/4/2021 17:16

Engie to begin work on US$300mn Peru wind farm in H2
Bnamericas Published: Monday, April 05, 2021
Power purchase agreement (PPA) Onshore Wind
Engie to begin work on US$300mn Peru wind farm in H2

Engie Energía Perú has signed a contract to advance the US$300mn, 260MW Punta Lomitas wind project in the center-south region of Ica.

The deal was inked with Siemens GESA Renewable Energy and Siemens Gamesa Renewable Energy for the supply of the turbines, said Engie, which expects construction to begin in the second half of this year.

Engie provided the update after signing an eight-year (2029-37) PPA for 150MW with miner Anglo American Quellaveco (AAQSA) for the Quellaveco project which is under development in the southern region of Moquegua.

Recently, mining vice minister José Luis Montero highlighted that nearly half of planned mining sector investment targets the south of the country.

“AAQSA is the first large mining company to promote the construction of a non-conventional renewable energy plant, to use 100% non-conventional renewable energy in its operations,” according to Engie, highlighting that electricity will come from Punta Lomitas and other renewable energy sources.

In March, the energy and mines ministry granted Engie the definitive concession for Punta Lomitas and the 220kV, 60km line which will connect the plant with the national grid.

Engie Energía Perú’s project pipeline includes the 200MW Lomitas Plus wind farm, the 300MW Hanaqpampa and 165.6MW San José solar parks, and the 314MW Yaku hydro.

The company’s installed capacity is 2,496MW – around 20% of Peru’s total – from eight plants, with 44% from dual fuel plants, 39% natural gas, 10% hydro, 5% coal and 2% solar.

[sarkasm] 05/4/2021 10:42

Russian Diplomat Says US Boosts Pressure on Nord Stream 2 as Construction Nears Completion

07:42 GMT 05.04.2021Get short URL


MOSCOW (Sputnik) - The United States ratchets up pressure on the Nord Stream 2 project, as construction of the gas pipeline nears completion, Russian Deputy Foreign Minister Alexander Pankin said in an interview with Sputnik.

"Construction of the Nord Stream 2 pipeline verges to a close, and this is exactly why the US intensifies pressure on the project, threatening countries involved in the construction with sanctions," Pankin said.

o Find Consensus on Nord Stream 2, French Diplomat Says
Most of the European countries are outraged by Washington's unilateral restrictions, which often have an extraterritorial effect and are imposed in circumvention of the United Nations Security Council, the Russian diplomat noted.

"Berlin, Vienna and other capitals do not understand why the EU nations' energy policy should be regulated from Washington, why should Europe reject an economically advantageous gas pipeline and supplies through it?" Pankin continued.

"The Nord Stream 2 will strategically strengthen Europe's energy security for dozens of years ahead, Our European partners understand this, this is why the countries that are interested in the project steadily support the completion of the gas pipeline construction and do not accept the US dictate," Pankin concluded.

Nord Stream 2 is a joint venture of Russian energy company Gazprom and five European partners, aimed at the construction of a twin pipeline to deliver Russian gas to Germany beneath the Baltic Sea. The project is a constant target of criticism and sanctions by the United States, which calls it a threat to the energy security of Europe and Ukraine.

[waldron] 02/4/2021 11:43

Romania's Nuclearelectrica sells EUR 78 mln of electricity to Engie
02 April 2021
Andrei Chirileasa


Romanian state-controlled nuclear power company Nuclearelectrica (SNN) concluded a contract worth RON 383 million (EUR 78 mln) with gas and electricity supplier Engie Romania.

The contract covers energy sales between April 1-30, according to a statement sent to investors.

The contract's value accounts for over 15% of Nuclearelectrica's turnover last year.


Believe It Or Not, There Are Still Ways To Buy A House With No Money Down

Nuclearelectrica carried out the transaction on the Centralized Market with Continuous Double Negotiation of bilateral contracts (PC-OTC), managed by the market operator OPCOM.

The Romanian nuclear energy producer reported total revenues of RON 2.44 bln (EUR 513 mln) last year, up 2.86%, and a net profit of RON 684 mln (EUR 144 mln), 27.8% higher than in 2019. The company has a market capitalization of RON 7.9 bln (EUR 1.62 bln).

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[waldron] 01/4/2021 22:00

ENGIE North America completes solar microgrid for health center in Paradise, California

The resilient energy will serve a critical role for the community traumatized by the 2018 Camp Fire.

By Kelsey Misbrener | April 1, 2021

Adventist Health and ENGIE North America announced the completion of their solar and microgrid project in Paradise, California. The Feather River Health Care facility includes a 1-MWh energy storage system combined with 425 kW of solar and a new, permanent back-up generator. The integrated system is designed to deliver clean energy while ensuring energy resiliency to continue to serve the community during public safety power shutoff (PSPS) events. Adventist Health’s hospital was heavily damaged by one of the most destructive fires in California history, the 2018 Camp Fire, and the Feather River Health Center is now the main location for healthcare services available on the ridge.

“After our Feather River hospital was severely damaged, we wanted to provide better reliability to the community with new solutions that would allow us to be fully operational during any future power outages,” said Tim Williams, administrative director for Physician & Outpatient Services, Adventist Health. “Building long-term resiliency is key in this region impacted by risk of natural disasters and subsequent PSPS events. As energy reliability and resiliency planning becomes paramount across the United States, we are gratified by the outcome of this project, but more importantly proud of the immediate impact it will provide the ridge community.”

In case of a power outage, the microgrid controller energy storage system will isolate the facility from the grid, allowing the facility to be powered by solar, the energy storage system and generator, thereby creating a microgrid. The microgrid will use its own internal battery storage to stabilize the facility loads and it will also control the generation from both the solar system and the 250-kW permanent generator, allowing Adventist Health to maintain a stable energy source to the facility during the outage. The transfer of power from the utility to the microgrid happens in less than one second, creating a seamless transfer.

“The transition from traditional back-up power solutions to cleaner, healthier and more intelligent energy systems has recently become much easier and more attainable for facilities of all sizes — especially critical in the healthcare field,” said Courtney Jenkins, VP and general manager at ENGIE. “ENGIE is proud to provide a reliable framework for how to meet the energy resiliency needs of hospitals and medical facilities, that by definition need to be the most resilient and safe assets in their communities. Helping to demonstrate the power of solar microgrids at the Feather River Health Center has been a meaningful opportunity to support Adventist Health’s impact to the ridge community.

News item from ENGIE North America


Kelsey is senior editor of Solar Power World.

[the grumpy old men] 31/3/2021 09:07

ENGIE wins £120m deal to replace cladding on towers
Grant Prior 1 min ago
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ENGIE has been appointed by housing association Optivo to deliver fire remediation work worth £120m over the next seven years.

Optivo have been surveying and investigating the materials and workmanship of external wall systems to assess whether its blocks meet acceptable standards of safety in accordance with Governance advice.

Both organisations will work closely with residents to provide comprehensive remediation solutions.

Specialist works will include the removal and replacement of combustible materials to external wall systems, including cavity barriers and the removal and replacement of any non-compliant spandrel panels and balconies.

The contract starts in April and will see ENGIE embark on several months of extensive investigation and design work across various buildings. The remediation programme will be delivered over seven years, with work on site due to begin this summer.

Dan Germann, Regional Managing Director for ENGIE’s Places & Communities division, said: “Optivo has a very clear directive and the significance of this work isn’t lost on anybody.

“We have the experience, technology, skills and systems in place to work within the golden thread framework – which was a requisite of the delivery – but we are also perfectly placed to bring net zero solutions to the table; ensuring these homes are not only safe, but efficient.”

Heather Langridge, Director of Asset Compliance at Optivo, added: “We want to make sure our residents are safe in the building they live in.

“It’s why we’re continuing to do everything we can to comply with all the Government guidance and regulations to ensure all our buildings meet the required standards. We welcome this partnership which means we can now start to deliver these vital fire remediation works.”

Grant Prior

Written by Grant Prior
1 min ago

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[the grumpy old men] 30/3/2021 11:55

ENGIE :, the biggest drop in the CAC 40 at mid-session on Tuesday 30 March 2021
30/03/2021 | 12:21

ENGIE (- 0.95% to 12.045 euros)
The company is suffering from the renewed pressure on long-term interest rates. The utilities sector is inversely correlated.

[the grumpy old men] 30/3/2021 11:19

Engie eyes growth in Peruvian renewables, transmission

Published 30 March 2021 Last Updated 30 Mar 2021 08:55


Carmen Arroyo Nieto



Although the Peruvian renewable energy market has been slow to develop compared to that of its neighbors, sponsors such as ENGIE Energia Peru are gradually ramping up their activities in the country

[maywillow] 26/3/2021 22:32

Gazprom: Nord Stream 2 Construction To Be Completed In 2021
By Charles Kennedy - Mar 26, 2021, 3:30 PM CDT

The controversial Nord Stream 2 natural gas pipeline project will definitely be completed this year, Viktor Zubkov, chairman of the board of directors of Russia's gas giant Gazprom, said on Friday.

"The active work is underway, with quite a bit remaining to be done," Zubkov told reporters, as carried by Russian news agency TASS.

"It will surely be completed this year, definitely," Zubkov noted.

Around 90-92 percent of the work required for the project has already been done, the Gazprom executive said.

Earlier this year, Gazprom was said to have warned investors that the Nord Stream 2 project could be suspended or entirely discontinued due to extraordinary circumstances, including "political pressure."

The project, which has divided Europe and drawn opposition and criticism from the United States, has to complete pipe-laying work in Danish territorial waters. However, the United States is threatening more sanctions on entities that help Gazprom, and on the partners in the project as it continues to seek to stop the project from actually happening and being commissioned.

Germany, the end-point of the pipeline, has always looked at the Russia-led project from an economic standpoint, while the United States, several European countries, including the Baltic states, Poland, and the European Union (EU), have expressed concern about Russia using gas sales and its gas monopoly Gazprom as a political tool.

U.S. President Joe Biden "continues to believe that Nord Stream 2 is a bad deal for Europe," White House Press Secretary Jen Psaki said at a briefing at the end of January.

Over the past months, the U.S. has been broadening the sanctions against service providers and those funding vessels involved in the construction of Nord Stream 2 in a fresh attempt to prevent the project from completing. There is still a stretch of the pipeline route to be laid in the sea in Danish waters, but the U.S. is now targeting anyone helping the project's completion in any way.

By Charles Kennedy for Oilprice.com

[florenceorbis] 18/3/2021 23:20

Engie resumes sale of Brazil coal-fired plant
Bnamericas Published: Thursday, March 18, 2021
ESG Coal Generation Natural Gas Generation Capex Mergers & Acquisitions
Engie resumes sale of Brazil coal-fired plant

Engie has resumed the sale process of its Brazilian Pampa Sul thermoelectric power plant, the company said.

With an installed capacity of 345MW, the plant had 100% of its energy hired by the government in Aneel’s A-5 tender in 2014 for 25 years at 201.98 reais (US$6.29)/MWh.

Investing more than 2bn reais, Engie started operations at Pampa Sul in June 2019.

The company is also selling its Jorge Lacerda thermoelectric complex, in Santa Catarina. In this case, Engie has an exclusivity agreement with Fram Capital XII Fundo de Investimento em Participações Multiestratégia.

“The company is focused on its purpose of accelerating the transition toward a neutral carbon economy, directing its activities to renewable energy generation, natural gas and infrastructure,̶1; Engie said in a statement.

Engie is Brazil’s largest private power generator, with an installed capacity of 4,971GW.

Its local portfolio comprises 11 hydroelectric plants totaling 3.7GW, two thermal plants (973MW), four wind farms (481MW), three biomass units (64.1MW), two small hydros (25.9MW), and one solar plant (9.2MW)

Since 2017, the company acquired concessions for the operation of 1,800km of transmission lines in Paraná, Pará and Tocantins states.

Engie also holds 65% of Transportadora Associada de Gás (TAG), the owner of a 4,500km gas pipeline network.

This year’s capex is projected to total 3.5bn reais, focused on renewable power and infrastructure.

OTHER CASES

Apart from Engie, Petrobras is also divesting several thermal plants in the states of Amazonas (Manauara, Jaraqui and Tambaqui), Bahia (Arembepe, Bahia I and Muricy), Tocantins (Areia and Água Limpa) Rio Grande do Sul (Canoas), Pernambuco (Suape II and Termocabo), and Goiás (Brentech).

The state-owned oil firm’s former fuel retail subsidiary, BR Distribuidora, sold the Camaçari Muricy II and Pecém II thermal plants to New Fortress Energy in January.

Through Golar Power (Hygo Energy Transition), the US multinational has also bought the São Marcos thermoelectric project from Eneva. Antitrust regulator Cade approved the operation earlier this month.

[ariane] 10/3/2021 10:27

U.S. inventories data due later in the day.

[waldron] 09/3/2021 22:55

Oil Prices Slide On Yet Another Surprise Inventory Build

By Julianne Geiger - Mar 09, 2021, 3:43 PM CST

The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 12.792 million barrels for the week ending March 5.

Analysts had predicted an inventory build of 816,000 barrels for the week.

In the previous week, the API reported a major build in oil inventories of 7.356-million barrels after analysts had predicted a 928,000-barrel draw. But that was nothing compared to the EIA's report a day later of a 21.6 million barrel build.

It is unclear whether today’s reported stock build is part of EIA’s large build reported last week, or whether we will see another large build from the EIA tomorrow.

Oil prices slid further on Tuesday ahead of the data after a couple days of price rallying courtesy of the Houthi rebels, who claimed Sunday's attack on Saudi oil infrastructure.

At 3:19 p.m. EDT, before Tuesday's data release, WTI had fallen by $0.99 on the day (-1.52%) to $64.06. Although down for the day, WTI is still trading up more than $4 per barrel over this time last week.

The Brent crude benchmark had also fallen on the day, $0.75 at that time (-1.10%) to $67.49—also more than $4 per barrel up on the week.

U.S. oil production rose by 300,000 bpd barrels per day to 10.0 million bpd, according to the Energy Information Administration.

Enbridge tanks at Cushing as of March 5. Image courtesy of GeoSpatial Insight

The API reported another large draw in gasoline inventories of 8.499 million barrels for the week ending March 5—on top of the previous week's 9.933-million-barrel draw. Analysts had expected a 3.467-million-barrel draw for the week.

Distillate stocks saw a large decrease as well, of 4.796 million barrels for the week, after last week's 9.053-million-barrel decrease.

Cushing inventories rose by 295,000 barrels. Last week, inventories at the Cushing oil hub increased by 732,000 barrels.

Post data release, at 4:35 p.m. EDT, the WTI benchmark was trading at $63.79, while Brent crude was trading at $67.22.

By Julianne Geiger for Oilprice.com

[maywillow] 08/3/2021 09:42

BIZNESALERT.COM



Mariusz Marszałkowski

@MJMarszalkowski

A month into the construction of Nord Stream 2, the Fortuna barge is on top of the game


For almost a month the Fortuna barge has been continuing the construction of the Nord Stream 2 gas pipeline. So far, apart from a few problems caused by storms over the Baltic, the pipe laying is going without interruptions. Will the Akademik Cherskiy join in soon? – Mariusz Marszałkowski, editor at BiznesAlert.pl, writes.
How much has been achieved after a month of building NS2?

On the sixth of March a month will have passed since the Fortuna barge started preparations to lay pipes of the NS2 gas pipeline in the Danish exclusive economic zone (EEZ). However, due to a heavy storm the actual work began on the 16th of February. Since then, the Fortuna has laid about 10 km of one line of the gas pipeline. When the weather is good, the pace of the work is faster than initially expected. The average speed of pipe laying between 16 of February and 1 March was over 670 meters per day. However, in the last few days it went up to almost a kilometer per day.

Currently the work takes place at a depth between 50 and 64 meters. The closer to the border with the German EEZ, the shallower the depth of the works will get. This may mean that soon the Fortuna will pick up the pace and exceed a kilometer a day. Without a doubt this will be a success for Russians, because at first it was estimated that the ship would only be able to lay 400-500 meters of pipes per day.
Despite the fact that Russians had no previous experience in underwater projects of a scale similar to the challenge posed by NS2, so far the entire process looks well-organized. Apart from the Fortuna, three anchor handling tug vessels also work interchangeably at the construction site (Katun, Umka, Finval, Errie). Three supply ships are also assigned to the works (interchangeably Artemis Offshore, Ivan Sidorenko, Ostap Sheremeta, Yury Topchev, Venie), as well as two exploration vessels (Baltiyskiy Issledovatel, Murman). So far no incidents have impacted the pace of the work. Temporary slow-downs are usually caused by the weather conditions on the Baltic Sea.

As at the 1st of March, the following number of km need to completed: 40 km in the Danish and 17 in the German zone of line A, and 67 km in the Danish and 5 km in the German zone of line B.
The Baltic triangle

The fleet that has been mobilized to finish the construction is so big that not all of the ships take part in the works at a given moment.
Some move regularly between the ports Kaliningrad – Murkan – Wismar. At this point those three towns are involved with the NS2 the most.
The port in Kaliningrad is used by the supply vessels as their base, and it is also the project’s service and logistic center. The equipment ordered by Gazprom’s HQ in Petersburg to complete the gas pipeline is distributed from that location. From there everything is transported by sea to the ships that lay down the pipes. The transport is usually provided by Artemis Offshore.

Mukran is the most important harbor for the construction of NS2, as it is the project’s logistic center. The harbor stores the pipes used for the construction of the gas pipeline, as well as the food, water and fuel for the crews, it also provides bunkering for the supply vessels. Vessels that are used to exchange the crews also set out from this port (DP Gezina). When Allseas was responsible for the construction, it used German and Danish companies that chartered helicopters. Presently no helicopters have been seen.

In the port of Wismar, which is a little further from NS2, the pipe laying vessels are prepared to meet the technical demands of constructing the pipeline. Between August and December 2020, the Fortuna barge was upgraded there, and since December the Akademik Cherskiy has been stationed there.
Will the Akademik Cherskiy join the team?

The ship, which has had a long and troubled history related to NS2, has in the past few days reemerged on the radar of those who are following the progress on the NS2 construction site. According to the latest entry in the AIS system for Akademik Cherskiy, the ship will proceed to sea on the 5th of March at 8 a.m. The destination has not been revealed, but considering the recent activities around, among others, the ship’s stinger (ramp used to lower pipes into the sea), it seems it is possible that Cherskiy will join the construction. However, at this point it is difficult to say what will happen exactly. The history of the ship’s voyage from Nakhodka to the Baltic Sea showed one should be skeptical about the entries is Akademik Cherskiy AIS history.

Also, at this point the Danish Maritime Authority (DMA), which issues navigational warnings about traffic in Danish waters, has not reported that the Akademik Cherskiy would take up any construction activities at the site. In the navigational warning repeated on the 7th of February 2021, the DMA talked about the work performed on both strings of the NS2, which is done by the Fortuna barge, together with the research and inspection vessels Murman and Baltiyskiy Issledovatel and other supply ships. The warning does not mention the Akademik Cherskiy.
This means there are three possibilities:

In the first one, the Akademik Cherskiy would work in the German section (to complete the missing 30 km of both strings). However, for it to happen the German Federal Maritime and Hydrographic Agency (BSH) would have to issue a construction permit that would be binding during the protection period for resting seabirds. Gazprom applied for such a permit in early February (BSH’s earlier decision to allow the construction during the protection period was challenged in court by environmental organizations in Germany). If such a permit is not given, the earliest the works in Germany’s EEZ will be able to start is 15th May. However, considering the fact that BSH’s previous decisions were very favorable to NS2 (e.g. conditional permit for construction in the protection period issued in December 2019), it can be expected that the probability of a positive decision is very high.

The second possibility is that the Akademik Cherskiy would join the Fortuna in laying the pipes in the Danish EEZ. For this to happen, the company Nord Stream 2 AG would have to apply to the DMA. This is an administrative procedure, which the Danes cannot obstruct. In theory such a solution would make it possible to finish the pipe within the deadline assumed by Gazprom, i.e. by the end of April 2021. Despite its efficiency, the Fortuna would not be able to complete the task before this date. In this scenario there are two options. In the first one, the ship will complete string A of the pipe and then continue work to meet the Fortuna, which would come from the other direction. In the second version, the vessel would start works on the longer, unfinished section of the gas pipeline – the B string, and would lay pipes in parallel to the Fortuna in the direction of the border between the German and Danish EEZ.

The third option is that the Akademik Cherskiy would start another phase of tests and underwater trials. There is no information on whether the ship is ready to participate in the construction, and whether it has all the necessary certificates to operate in the German or Danish EEZ. It is possible that the vessel is still being upgraded in the port of Wismar. Interestingly, the Akademik Cherskiy’s draught is now deeper, but this may or may not be related to the Nord Stream 2. During the voyage from Nakhodka to the Baltic the draught was not more than 6.5 meters. Currently, according to navigational data, the ship’s draught is 7.3 meters. This means it carries a lot of weight.
Will the saga be over once the pipe is completed?

Despite its technical limitations the Fortuna barge turned out an efficient vessel for the completion of the NS2. Even the U.S. sanctions imposed on it and its “owner” cannot stop the works. The entire construction process – from transporting pipes and equipment, replacing the crew to research and inspections – looks very professional. Without a doubt, despite the obvious increase in investment cost, the completion of the Nord Stream 2 gas pipeline may be Russia’s opportunity to build its own know-how in the area of the construction of underwater gas pipelines. It is difficult to tell whether and to what degree it will be used, but there is no question that this experience may be used in Gazprom’s future projects. However, the physical completion of the pipe does not mean it will be operational. Everything depends on whether the sanctions, which threaten western companies responsible for, e.g. certification of the project, will be rigidly enforced by Americans, and whether alternatives from Russia will be accepted by, among others, Denmark.

[maywillow] 05/3/2021 08:50

Engie bags £200m low carbon campus in Birmingham
Grant Prior 1 min ago
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A consortium of ENGIE and investor Equitix has secured a contract with the University of Birmingham to transform Pritchatts Park student accommodation village into a £200m low carbon campus.

The project involves the creation of 496 new energy efficient student homes and a 482-space modular construction multi-storey car park.

In addition, 734 existing rooms will benefit from an extensive refurbishment, bringing them up to modern standards.

ENGIE will also undertake 50-year facilities management and lifecycle works contracts, providing ongoing repairs, security and cleaning services to support the daily lives of students.

The new accommodation will be constructed in the form of townhouses to complement existing buildings in the surrounding area.

It will be powered and heated entirely through electricity – with the refurbished building heated by air source heat pumps – which the consortium has pledged will be from 100% renewable sources.

The new multi-storey car park will also feature 24 EV charge points, with infrastructure in place for a further 72 in the future.

Jake Fellows, Divisional Development Director for ENGIE UK & Ireland, said: “The University of Birmingham is one of the UK’s most highly-ranked institutions, so we’re delighted to have been chosen to create market-leading accommodation that is highly sustainable and equipped to meet the university’s ever-growing demand for places, as well as providing the best experience possible for the students who decide to call it home.”

Building work is set to begin in the summer, with completion expected in August 2023.

Grant Prior

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1 min ago

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[waldron] 03/3/2021 22:27

Biden nominee vows to fight Russian gas pipeline to Germany



The Washington Times22:38

[ariane] 01/3/2021 08:44

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Source: ENGIE | 15 minutes ago
ENGIE acquires 100 MW Concentrated Solar Power plant in South Africa

The plant is located in the Northern Cape of South Africa, which is also the location of ENGIE’s 100 MW Kathu CSP plant

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JOHANNESBURG, South Africa, March 1, 2021/APO Group/ --

ENGIE (ENGIE-Africa.com) is pleased to announce that it has reached an agreement to acquire from Abengoa a 40% equity stake in Xina Solar One, a 100 MW Concentrated Solar plant, as well as 46% of the Operations & Maintenance Company. The plant is equipped with parabolic trough technology and a molten salt storage system that allows for 5.5 hours of energy storage to provide reliable electricity during peak demand. Power is contracted through a 20 years Power Purchase Agreement with Eskom (South African Electricity Public Utility). Xina Solar One is supplying clean energy to more than 95,000 South African households and prevents the emission into the atmosphere of approximately 348,000 tons of CO2 each year.

The plant is located in the Northern Cape of South Africa, which is also the location of ENGIE’s 100 MW Kathu CSP plant. Xina Solar One increases ENGIE’s renewable footprint and is a further step to cementing its position as the leading Independent Power Producer in the country. Synergies between Xina and Kathu will be developed to further enhance the operational efficiency of both plants.

“With the acquisition of this project, ENGIE is pursuing its low carbon strategy. Xina augments the country’s installed peaking power and reduces its dependence on coal-fired electricity. The 100 MW CSP plant also contributes to ENGIE’s geographic rationalization by expanding its footprint in South Africa, where it is the leading Independent Power Producer with 1,320 MW of installed capacity.” says Sébastien Arbola, CEO of ENGIE MESCATA.

With the acquisition of this project, ENGIE is pursuing its low carbon strategy

Mohamed Hoosen, CEO of ENGIE Southern Africa commented: “ENGIE is valued as a highly skilled IPP and a long-term player in the South African power industry. We are adding an innovative high-performing plant and are increasing our CSP capacity. This investment will create value over the longer term while accelerating impact on the energy transition of our customers.”

Co-shareholders on Xina Solar One include Public Investment Corporation, a pension fund manager and a shareholder on ENGIE’s Kathu project (20%); Industrial Development Corporation, a development finance institution wholly- owned by the South African Government (20%); and Xina Community Trust, funded by the IDC (20%). Xina Solar One, which started commercial operation in August 2017, was built by Abengoa.

Completion of the transaction is subject to the fulfillment of certain conditions including merger control clearance from relevant competition authorities.

In South Africa, ENGIE has interests in a CSP plant (100 MW Kathu), a wind farm (94 MW Aurora), 2 solar photovoltaic plants (21 MW) and 2 thermal power peaking plants (670 MW Avon and 335 MW Dedisa).

Distributed by APO Group on behalf of ENGIE.

Press Contact:
Email: [e-mail]

About ENGIE MESCATA:
ENGIE (ENGIE.com) has a presence of almost 30 years in the Middle East, South & Central Asia, Turkey and Africa region. In the Middle East, it is the regional leading independent power & water producer with a gross capacity of 30 GW of power and 5.5 million m3/day of water production, serving over 40 million people daily with power and 10 million with potable water from desalination. In Africa, the Group has 3.15 GW of power generation capacity in operation or construction and is South Africa’s first Independent Power Producer. It is a leader in the decentralized energy market, providing clean energy to more than five million people through domestic solar installations and local microgrids. ENGIE’s renewable portfolio exceeds 2,300 MW of power in India and Africa. In the Middle East, the Group is a regional leader in district cooling through Tabreed, in which it has a 40% stake, and which currently delivers over 1.4 million tons of cooling across 86 plants in the GCC. ENGIE is also a leading provider of Customer Solutions in the Gulf region and Morocco.

For more information : ENGIEMiddleEast.com and ENGIE-Africa.com.

About ENGIE:
Our group is a global reference in low-carbon energy and services. Together with our 170,000 employees, our customers, partners and stakeholders, we are committed to accelerate the transition towards 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. Turnover in 2020: 55.8 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

[waldron] 26/2/2021 10:12

Engie SA said Friday that it swung to a loss in 2020, but expects performance to improve significantly in the current year.

The French utility company said it booked a net loss of EUR1.5 billion from a profit of EUR1 billion in the previous year, partly due to high impairment losses and changes in the price scenario for nuclear assets. Net recurring income, which strips out one-offs, came in at EUR1.7 billion euros.

Revenue decreased 5.7% organically to EUR55.75 billion from EUR60.1 billion, mainly due to the pandemic, the company said.

Earnings before interest, tax, depreciation and amortization came in at EUR9.27 billion, down from EUR10.37 billion last year.

Looking ahead, Engie said performance should improve significantly assuming a gradual easing of restrictions during 2021. It anticipates net recurring income in the range of EUR2.3 billion and EUR2.5 billion.

The company said it will propose a dividend of EUR0.53 a share, which equates to a payout ratio of 75%.

It added it will provide medium-term guidance on May. 18.



Write to Giulia Petroni at [e-mail]



(END) Dow Jones Newswires

February 26, 2021 02:27 ET (07:27 GMT)

[ariane] 24/2/2021 07:36

Engie Fabricom's CEO departs as engineering giant faces up to another loss-making year

Group's £25m bailout comes as it wins new work in offshore wind



By David Laister

Business Live Editor (Humber)

00:45, 24 FEB 2021Updated07:02, 24 FEB 2021

Manufacturing

Engie Fabricom has parted company with long-serving Richard Webster, who was appointed chief executive in 2018, as it faces up to a second successive year of losses.

Engie Fabricom has parted company with long-serving Richard Webster, who was appointed chief executive in 2018, as it faces up to a second successive year of losses.



South Bank engineering giant Engie Fabricom has parted company with its chief executive as it prepares to report another loss-making year.

Long-serving Richard Webster has left the multi-disciplined operator as it was understood the past 12 months had exacerbated the company’s position, with a £25 million injection of fresh capital by the French parent group received to support its trading position.

Accounts for 2019 remain outstanding at Companies House for the Grimsby-headquartered giant, having been due at the year end. It had started 2020 with a reported £7 million loss. That was attributed to a “long-running challenging project” that was £6 million in the red.

Downturns in the oil and gas market prior to the pandemic had also hit the Europarc business hard. Engie Fabricom's with last reported revenues were at £67 million, with almost 300 staff.

Mr Webster, who had been with the business for 25 years, serving as chief financial officer and chief operations officer prior to taking the top role in early 2018, has not responded to an approach, with the business not addressing his termination as a director when contacted.

A statement from Engie Fabricom said: “During 2020, we continued to operate as a multi-disciplined engineering, project management and construction company, however we have experienced challenging market conditions.

Engie Fabricom's Immingham manufacturing and construction facility spans 13,615 acres, and can deal with major projects.


“The impact of Covid-19, and a number of other challenges, some beyond our control, have meant that we suffered a financial loss.

“Our parent company continue to support us, recently investing £25 million in share capital into Engie Fabricom UK Ltd, demonstrating the confidence of our shareholders in the UK team, and in the company’s future.

“We have recently secured a series of projects in the growing offshore wind sector and are currently delivering our specialist services on many of the UK’s leading offshore wind farms.

“Engie Fabricom UK Ltd will continue to focus on being the partner of choice for our clients both new and old in 2021 and beyond.”

[la forge] 23/2/2021 21:56

Published 20:24 February 23, 2021

Updated 20:24 February 23, 2021

Engie produces renewable gas from solid non-recyclable waste

New Europe Online/KG By New Europe Online/KG



Through a project called Gaya, France’s Engie has recently started the production of renewable gas from solid non-recyclable waste.

Supported by the French agency for ecological transition Ademe, the Gaya platform is in line with the targets set by the French Law on Energy Transition for Green Growth, which aims for a 50% reduction in the quantity of waste going to landfill by 2025 compared with 2010 and a 30% reduction in fossil fuel consumption in 2030 compared with 2012, with a view to preserving the environment and strengthening France’s energy independence. It contributes directly to the Engie Group’s purpose, “to act to accelerate the transition towards a carbon-neutral economy, through reduced energy consumption and more environmentally friendly solutions,” Engie said in a press release.

A year after successfully producing biomethane from forest biomass, the Gaya platform achieved a world first and took a historic step forward with the production of its first cubic metres of renewable gas from Solid Recovered Fuel (SRF). In the absence of dedicated recycling channels, this type of fuel is mostly made up of waste wood, paper, cardboard and plastic resulting from economic activities. ENGIE’s demonstrator has validated the integrated operation of the entire chain of innovative technologies under industrial conditions. This configuration maximises the production of renewable gas.

“With GAYA, we have made major scientific advances in the development and industrialisation of renewable gas production sectors,” said Adeline Duterque, director of Engie Lab Crigen, the corporate group’s Research & Development centre.

The platform model contributes to the energy transition with the production of renewable gas and to the circular economy by making use of waste that until now was destined for landfill. The tests carried out using SRF show that we now know how to produce renewable gas from this type of waste,” she added.

Based on the work already undertaken, Engie plans to build a first industrial unit in Le Havre, France, starting in 2023, the Salamandre project. From 2026, this will allow 70,000 tonnes of non-recyclable waste per year to be used to produce up to 150 GWh of renewable gas, equivalent to the consumption of 670 urban buses. In addition, the multi-energy process will allow production of 45 GWh of renewable heat to meet urban and industrial needs. As an alternative to landfill, which is due to be phased out, the Gaya chain is positioned as the channel of reference for making use of non-recyclable waste to produce a storable renewable gas, which can substitute for natural gas and as such has multiple end uses: sustainable mobility, industry, the tertiary sector.