Energiser Investments Share Discussion Threads

[la forge] 09/7/2021 09:36

ENGIE, Sigma & SHC unveil Three hundred new Sheffield homes

By Kenneth Booth
July 9, 2021
9:09 am


More than three hundred Sheffield families now have the comfort of a brand new home as building work draws to a close on two major housing schemes in the city.

Delivered by an award winning partnership – regeneration specialists ENGIE, Sigma and Sheffield Housing Company (SHC) – the duo of developments at Prince’s Gardens in Manor and East Hill in Norfolk Park are part of a £43 million housing investment.

The success of the developments contributed to the partnership achieving Public Private Collaboration of the year at the recent Insider Property Industry Awards.

The £32 million scheme at Prince’s Gardens includes 163 three and four bedroomed homes for private rent under Sigma’s Simple Life brand, and a further 93 three and four bedroomed homes for open market sale, through Sheffield Housing Company.

The development has a strong connection with nature with a large recreational open space area at Woodthorpe Ravine to the rear of the site where natural ponds which provide natural management of surface water have been encouraged to form and in which wild-flowers thrive.

The 77 homes at East Hill, a project with a value of £10 million, are a combination of 19 three and four bedroomed homes for open market sale through Sheffield Housing Company and 58 three and four bedroomed homes for private rent through Sigma’s Simple Life brand.

The new developments have recently been given the seal of approval by Sheffield City Council’s Deputy Lord Mayor and Manor Castle Ward Member, Councillor Sioned-Mair Richards, who visited Prince’s Gardens to see the new homes first hand and to hear more about the benefits the development has brought for the community.

Councillor Paul Wood, Executive Member for Housing, Roads and Waste Management at Sheffield City Council, said: “Good quality, affordable homes are vital to meeting the growing need for housing in Sheffield and in ensuring that residents have access to comfortable places to live in well-designed neighbourhoods. We’re working with our partners across the city to create high quality communities such as Prince’s Gardens that are well-located, close to amenities and offer the ability to both rent and buy. I am pleased to see the completion of this project and wish everyone the best of luck in their new homes.”

Nathan Brough, Regional Director at ENGIE, said: “It is a real pleasure to work alongside our partners to help breathe new life into the area surrounding these schemes.

“I’m thrilled that we have inspired a new generation of construction workers and that we have been able to make a difference to those who are moving in and those who are a longstanding part of the community.”

The Prince’s Gardens and East Hill developments contributed to creating seven apprenticeship posts. Throughout the course of the work, in the region of £25.1 million has been spent with local suppliers, boosting local employment and the economy.

Lee Catterall, Senior Project Manager for Sigma on behalf of Simple Life Homes, commented: “We’re delighted with the quality and demand for the homes across these sites. The success of both developments has been testament to the different strengths and expertise that each party has brought to the table, from quality of build and specification, property management, regeneration and community building.

“As a landlord, Simple Life will be present on these developments for many years to come and we’re committed to supporting the new local community to flourish well into the future.”


Steve Birch, Interim Project Director with SHC, a partnership between Sheffield City Council, Keepmoat Homes and Great Places Housing Group, added: “It is fantastic to see the addition of more homes, of all tenures to the city’s housing stock.

“We have many more similar projects in the pipeline which are not only improving the quality and choice of housing but providing job and training opportunities and work for Shefield regional businesses that supply materials and development services.”

Additionally, funding from the Department of Education, ENGIE and Sheffield City Council has enabled local young people to get a taste of the world of construction through the Building Block project. Building Block is a four-week progamme where participants sit a Construction Skills Certification Scheme health and safety test before completing a site-based placement, where they gain hands-on experience in a working environment. Altogether, 400 candidates have been a part of the course and 200 have progressed to secure long term employment.

Activities to engage residents near to Prince’s Gardens have included an £8,000 donation to local primary school, St Theresa’s, which has been used to build a new library and purchase new books for the children. The library has been transformed with a new sensory roof, reading pods, a den and mezzanine area. A further £5,000 was donated to the school to create a relaxation and sensory room for the children.

[waldron] 08/7/2021 11:15

Umicore and ENGIE sign a long-term PPA to supply renewable electricity to Umicore’s cathode materials plant in Poland

July 08, 2021 02:30 ET | Source: Umicore

...

Umicore and ENGIE sign a long-term PPA to supply renewable electricity to Umicore’s cathode materials plant in Poland


ENGIE and global materials technology group Umicore have entered into a long-term corporate Power Purchase Agreement (PPA) to supply Umicore’s greenfield plant with renewable electricity in Nysa, Poland. It will be the first plant in Europe to produce cathode materials, key ingredients of rechargeable Li-ion batteries for electric vehicles.

ENGIE will provide green electricity from its existing 100%-owned wind park in Pągów, Opole province, located 80 km from Nysa. The wind park was commissioned in 2012.

This is the first PPA signed by ENGIE with an industrial company in Poland. The PPA will allow ENGIE to secure the economic viability of the wind park beyond the end of the current subsidy scheme. At the same time, the PPA will contribute to Umicore’s roadmap towards carbon neutrality by 2035 and secure long-term renewable electricity supply for the plant in Nysa. Umicore is leading the charge in sustainability by driving renewable energy projects and its commitment contributes to maximizing the lifetime of renewables on the Polish grid.

Umicore’s Nysa plant is the first industrial cathode materials production plant in Europe and is soon to be commissioned. Initial commercial production volumes are expected year-end. Umicore will be using 100% green power on site as of the start of the operations.

Eric Stab, CEO of ENGIE North, South and Eastern Europe, said: “As one of the most industrialized countries in Europe, Poland will be key for Europe’s carbon neutrality objectives. ENGIE, as a major renewable energy producer, sees many opportunities to develop green corporate PPAs in Poland in the coming years, considering the carbon reduction commitments taken by many international and Polish companies. ENGIE’s purpose and strategy are fully aligned with this target and ENGIE is ready to support Umicore, one of its historical customers in Belgium, in reaching its carbon neutrality objective in Poland.”

Marc Grynberg, CEO of Umicore, said: “We are very proud that our cathode materials production plant, the first in Europe, will be carbon neutral as of the start of production. This sets Umicore well ahead of its peers and is an important step in our race to achieve net zero GHG emissions by 2035.”

About UMICORE :

Umicore is a global materials technology and recycling group. It focuses on application areas where its expertise in materials science, chemistry and metallurgy makes a real difference. Its activities are organized in three business groups: Catalysis, Energy & Surface Technologies and Recycling. Each business group is divided into market-focused business units offering materials and solutions that are at the cutting edge of new technological developments and essential to everyday life.

Umicore generates the majority of its revenues and dedicates most of its R&D efforts to clean mobility materials and recycling. Umicore’s overriding goal of sustainable value creation is based on an ambition to develop, produce and recycle materials in a way that fulfils its mission: materials for a better life.

Umicore’s industrial and commercial operations as well as R&D activities are located across the world to best serve its global customer base. The Group generated revenues (excluding metal) of € 3.2 billion (turnover of € 20.7 billion) in 2020 and currently employs 10,800 people

More information:

Investor Relations
Saskia Dheedene [phone] [e-mail]
Eva Behaeghe [phone] [e-mail]


Media Relations
Marjolein Scheers [phone] [e-mail]


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, Euronext Vigeo Eiris - Eurozone 120/ Europe 120/ France 20, MSCI EMU ESG, MSCI Europe ESG, Euro Stoxx 50 ESG, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG).

[waldron] 08/7/2021 09:04

Aker Offshore Wind A/S said Thursday it has formed a partnership with Ocean Winds to develop floating offshore wind generation sites in Scotland.

Currently partnering in California, U.S., and Korea, the companies will join forces to bid in the ScotWind leasing round, which is making new seabed leases available for the development of offshore wind in Scottish waters.

The two companies will jointly submit the bid by July 16 to Crown Estate Scotland.

Ocean Winds is a 50/50 partnership between EDP Renovaveis S/A and ENGIE S.A., which was established last year to develop offshore wind technology. The partnership has 4 gigawatts in construction and operation, including the 950 megawatt Moray East and Moray West fixed offshore wind projects in the U.K.



Write to Dominic Chopping at [e-mail]



(END) Dow Jones Newswires

July 08, 2021 03:46 ET (07:46 GMT)

[the grumpy old men] 23/6/2021 18:20

Jennifer Gnana

June 23,2021




Engie-led consortium reaches financial close on Jubail desalination plant

The plant, which is based on reverse osmosis technology, will produce 570,000 cubic metres per day of potable water supply

The Jubail Desalination Plant at the Jubail Industrial City, located about 95 kilometres north of Dammam in Saudi Arabia's eastern province overlooking the Gulf.

The planned project will produce 570,000 cubic metres per day of potable water supply.



The Jubail Desalination Plant at the Jubail Industrial City, located about 95 kilometres north of Dammam in Saudi Arabia's eastern province overlooking the Gulf. The planned project will produce 570,000 cubic metres per day of potable water supply. AFP

A consortium led by France's Engie reached financial close on the 3B independent water project in the kingdom that will supply potable water for the cities of Jubail and Dammam.

The Saudi Water Partnership Company (SWPC) reached financial close on the project alongside developers Engie, which has a 40 per cent stake in the project, Nesma Company Limited (30 per cent) and Abdulaziz Al Ajlan Sons for Commercial and Real Estate Investment Company (30 per cent). The parties did not disclose the value of the transaction.

The plant, which is based on reverse osmosis technology, will produce 570,000 cubic metres per day of potable water supply.

Acciona awarded $384m contract to build desalination plant in Saudi Arabia

Saudi Arabia could raise 50bn riyals from privatisations in next five years

Reverse osmosis is a process in which water flows through a membrane that separates out heavier sediments and salts. Desired minerals like calcium and magnesium are also added to the filtered water before packaging or transporting it for consumption. Many Gulf countries have switched to using the process over the past decade as it is less energy intensive than the thermal method currently in use for desalinating water.

The Jubail 3A Independent Water Project is one of the largest public-private partnerships for a desalination scheme in the world.

The consortium, led by Engie, signed a 25-year water purchase agreement with the SWPC after emerging as the preferred bidders for the desalination project.

The SWPC will look to "enhance private sector participation in sustainable development by providing the opportunity for local and foreign investors to participate in the implementation of these projects", Khalid Al Quraishi, chief executive of SWPC, said.

The consortium was awarded the project in April after submitting a successful bid of 1.591 halalas per cubic meter of potable water.

The plant will include storage facilities for one operational day in addition to in-house renewable energy capacity to reduce grid electricity consumption throughout the desalination process, Engie said in a statement.

The desalination scheme is being built on the basis of a build, own, operate contract, with commercial operation on the project expected to begin in 2024.

Published: June 23, 2021 01:12 PM

[adrian j boris] 06/6/2021 07:21

Putin Says That First Line Of Nord Stream 2 Is Now Complete
By RFE/RL staff - Jun 05, 2021, 4:00 PM CDT
Trade Oil Futures And Energy Stocks

Russian President Vladimir Putin has announced that laying the pipes for the first of two lines of the prospective Nord Stream 2 pipeline to Germany has now been "successfully completed."

Addressing an economic forum in St. Petersburg on June 4, Putin also said that "work on the second line is continuing."

While the underwater section still needs to be linked to the section on German territory, Russian energy giant Gazprom "is ready to start filing Nord Stream 2 with gas," he added.

Gazprom shares went up 0.6 percent after Putin's comments, reaching 273.80 rubles ($3.74) -- their highest level since mid-2008.

The United States, which has strongly opposed construction of the new Russian pipeline, last month announced new sanctions against Russian companies and ships involved in the project.

But the administration of President Joe Biden decided to waive sanctions against the company overseeing the project and its CEO.

In Washington, the move was met with criticism from Republicans and some Democrats, while the Kremlin hailed it as a "positive signal" ahead of a June 16 summit between Biden and Putin.

The Baltic Sea pipeline was at the center of a political tussle between Berlin and Washington during the previous administration of former U.S. President Donald Trump. Since coming into office in January, Biden has sought to heal relations with Europe after they were bruised under his predecessor.

U.S. officials have warned the pipeline will make Europe more dependent on Russian energy supplies and bypass Ukraine, which relies on gas transit fees.


The German government has refused to halt the project, arguing that it is a commercial venture and sovereign issue.

Putin told the St. Petersburg International Economic Forum that Russia will continue pumping 40 billion cubic meters of gas via Ukraine a year in line with the existing five-year contract.

Kyiv is locked in a confrontation with Moscow over Russia's 2014 seizure of Ukraine's Black Sea Crimean Peninsula and the Kremlin's support of separatists in eastern Ukraine.

Describing the U.S. use of the dollar as a political weapon, Putin also said that European states should pay for Russian gas in euros, a day after Moscow said it would remove dollar assets from its National Wealth Fund while increasing the share of the euro, Chinese yuan, and gold.

"The euro is completely acceptable for us in terms of gas payments. This can be done, of course, and probably should be done," he said.

Russia has long moved to reduce the dollar's share in its hard-currency reserves as it has faced waves of U.S. sanctions amid heightened tensions with the West over issues including the conflict in Ukraine, cyberattacks allegedly by Russian hackers, and Russia's treatment of jailed opposition activist Aleksei Navalny.

In an interview with state-run Channel One television on the sidelines of the St. Petersburg forum, Putin said he expected "no breakthrough" from his meeting with Biden, but expressed hope that the talks will be held in a "positive atmosphere."

"But the very fact of our meeting, that we will speak about possibilities for restoring bilateral relations, about matters of mutual interest, and, by the way, there are a lot of them, is quite good as such," he added.

Late last month, Biden said he would press his Russian counterpart to respect human rights when the two leaders meet.

The U.S. president in March said he believed Putin was a "killer," which prompted a diplomatic row that led to Moscow recalling its ambassador to Washington for consultations.

By RF/ERL

More Top Reads From Oilprice.com:

[grupo guitarlumber] 05/6/2021 09:06

Upcoming events on ENGIE


july/30/2021 Interim 2021 Earnings Release

november/10/2021 Q3 2021 Earnings Release

[the grumpy old men] 04/6/2021 17:36

Putin says first string of Nord Stream 2 pipeline completed
Jun. 04, 2021 10:43 AM ETPublic Joint Stock Company Gazprom (OGZPY)BASF SE (BASFY), ENGIE SA (ENGIY), OMV Aktiengesellschaft (OMVJF)...By: Carl Surran, SA News Editor37 Comments

Russia's President Putin says the pipelaying of the first line of the Nord Stream 2 pipeline to Germany had been completed, and Gazprom (OTCPK:OGZPY) is ready to start filling the link with gas.
Earlier this week, Russia deputy prime minister Alexander Novak said ~100 km of the two-string pipeline remains to be laid.
The Gazprom-led project also includes Western partners Royal Dutch Shell (RDS.A, RDS.B), BASF's (OTCQX:BASFY) Wintershall, Uniper (OTC:UNPPY), OMV (OTCPK:OMVJF) and Engie (OTCPK:ENGIY).
The pipeline could be finished by late summer without a major intervention to stop it, after U.S. President Biden backed off from new U.S. sanctions against the project.

[florenceorbis] 26/5/2021 10:29

Shares in Gaztransport et Technigaz, or GTT, fell Wednesday after Engie SA divested part of its stake in the company.

The French utility company sold a 10% stake in GTT, raising about 248 million euros ($303.8 million) through a private placement, and now owns around 30% of the engineering company.

At 0850 GMT, GTT shares traded 5.9% lower at EUR67.85.

Engie also priced exchangeable bonds with a maturity of three years for an aggregate nominal amount of EUR290 million, which could further slash its stake in GTT to around 20% if the bonds are exchanged in full.

"Today's announcement is in line with Engie's strategic plan towards simplifying the group and its investor proposition through exiting non-core activities. GTT is an innovative and high performing business, and as a major shareholder Engie has benefited from GTT's continuing strong growth over the years," Engie Chief Executive Catherine MacGregor said.



Write to Mauro Orru at [e-mail]; @MauroOrru94



(END) Dow Jones Newswires

May 26, 2021 05:20 ET (09:20 GMT)

[florenceorbis] 24/5/2021 15:49

ENGIE : Ex-dividend day for final dividend

05/24/2021 BST


A final dividend is removed today from ENGIE's share.

[sarkasm] 18/5/2021 20:04

Biden to waive sanctions on firm in charge of Nord Stream 2 - Axios
May 18, 2021 2:56 PM ETPublic Joint Stock Company Gazprom (OGZPY)By: Carl Surran, SA News Editor

The U.S. will waive sanctions on the corporate entity and CEO overseeing the construction of the Nord Stream 2 pipeline, which would indicate that the Biden administration is not willing to rupture its relationship with Germany over the pipeline, Axios reports.
The State Department soon will send its mandatory 90-day report to Congress listing entities involved in Nord Stream 2 that deserve sanctions, but it will call for sanctions only against a handful of Russian ships, according to the report.
The Gazprom-led (OTCPK:OGZPY) project includes western partners Royal Dutch Shell (RDS.A, RDS.B), BASF's (OTCQX:BASFY) Wintershall, Uniper (OTC:UNPPY), OMV (OTCPK:OMVJF) and Engie (OTCPK:ENGIY).
The pipeline could be finished by late summer without a major intervention to stop it; Germany's federal maritime regulator just issued a ruling allowing work on the project to proceed in German waters.

[florenceorbis] 18/5/2021 09:03

French power utility company Engie SA said Tuesday that it would execute disposals and accelerate growth investments amid a strategy review.

The company said it would implement disposals for between 9 billion euros ($10.94 billion) and EUR10 billion and that it plans to invest between EUR15 billion and EUR16 billion of growth capex in the period between 2021 and 2023, 55% of which has already been committed.

Engie added that it expects a new performance plan to contribute EUR600 million in earnings before interest and taxes during the period 2021 to 2023.

A new business named Bright is on track to being managed independently within the company by July 1, Engie said, adding that it doesn't assume any contribution to earnings in the mid-term.

For the quarter ending March 31, Engie said its earnings and revenue increase slightly on-year. Earnings before interest and taxes were EUR2.07 billion in the period, up from EUR1.91 billion the previous year, while earnings before interest, taxes, depreciation and amortization came in at EUR3.22 billion, compared with EUR3.06 billion the year prior. Revenue rose to EUR16.87 billion from EUR16.49 the year prior, Engie said.

Looking ahead, the company expects net recurring income to reach a range between EUR2.7 billion and EUR2.9 billion in 2023, based on an indicative Ebitda range of EUR10.3 billion and EUR10.7 billion, and an EBIT range of EUR5.7 billion to EUR6.1 billion.

Engie said the board has reaffirmed the group's payout policy of 65% to 75% of net recurring income. It added that it expects the dividend per share to grow driven by earnings growth, and that it is introducing a dividend floor of EUR0.65 per share for the period 2021 to 2023.



Write to Cecilia Butini at [e-mail]



(END) Dow Jones Newswires

May 18, 2021 03:38 ET (07:38 GMT)

[grupo guitarlumber] 15/5/2021 12:04

Upcoming events on ENGIE


MAY/18/2021 Q1 2021 Earnings Release

MAY/20/2021 Shareholders Meeting

[waldron] 12/5/2021 14:05

French utility Engie SA on Wednesday lost its appeal against an EU order to pay back around 120 million euros ($145.8 million) of unpaid taxes to Luxembourg for having allegedly profited from illegal tax benefits in the country between 2008 and 2014.

In 2018, the European Commission found that two sets of tax rulings issued by Luxembourg authorities artificially lowered Engie's tax burden for about a decade. These rulings allowed the company to avoid paying any taxes on 99% of the profits generated by Engie LNG Supply and Engie Treasury Management in Luxembourg, according to the European Union's executive arm.

Engie is considering the possibility of appealing the court's decision, a spokesperson told Dow Jones Newswires on Wednesday.



Write to Giulia Petroni at [e-mail]



(END) Dow Jones Newswires

May 12, 2021 08:09 ET (12:09 GMT)

[the grumpy old men] 04/5/2021 11:36

Engie to develop 2 GW renewable energy portfolio and total exit from coal by 2025 in Chile


Engie's solar plant »Javiera Chanaral«, Chile

Post date: 04/05/2021 - 10:53

French energy multinational Engie SA aims to develop in Chili a 2 GW renewable energy portfolio by 2025. This includes 1 GW newly announced in addition to 1 GW committed at the end of 2019. To date 0.6 GW is already under construction.

Furthermore, the Group reaffirmed its commitment of closing six units (0.8 GW) of coal capacity, including two facilities already closed in 2019, and the conversion of the three newest units (0.7 GW) to gas or biomass by 2025.

The entire plan involves an investment of €1.5 billion ($1.8 billion) by 2025.

According to Engie, »this initiative is part of the Group's ambition to achieve carbon neutrality by 2050 at the latest.«

Engie has also reaffirmed its commitment to developing green hydrogen production:
HyEx, in collaboration with Enaex to develop green ammonia; Hydra, to promote truck mobility in the mining sector; and an initiative with Walmart that will involve the use of 149 cranes powered by green hydrogen.

PHOTON

[the grumpy old men] 04/5/2021 10:50

Work on Nord Stream 2 Pipeline.

Construction of Nord Stream 2 Gas Pipeline May Resume at End of May, German Regulator Says

09:13 GMT 04.05.2021Get short URL

BERLIN (Sputnik) - The lawsuit filed by the German environmental charity Nabu against the construction of the Nord Stream 2 gas pipeline halted the issuance of the work permit by the Federal Maritime and Hydrographic Agency (BSH), the press service of the regulator told Sputnik on Tuesday, adding that construction could be resumed in May.

"The lawsuit has a suspensive effect on the permit. The claim is directed against the second amended BSH permit of 14 January 2021. With this permit, BSH approved the laying of the pipeline by an anchored vessel between late September and late May on a 16.5 km [10 miles] section in Germany's exclusive economic zone in the Baltic Sea".





"From the end of May, it will be allowed to continue the construction of Nord Stream 2 in accordance with the current regulation. In March 2018, Nord Stream 2 received a permanent permit to lay the pipeline from the end of May through the end of September", the BSH press service said.

On Monday, Nabu took legal action against the Nord Stream 2 project, arguing that the gas link could damage the Baltic Sea's sensitive marine ecosystem.

Nord Stream 2 will carry Russian natural gas to Germany across the Baltic Sea. It consists of two 1,230-kilometre (764-mile) lines with a combined capacity of 55 billion cubic metres of gas a year. Earlier this year, the operator stated that only 148 kilometres (92 miles) of the pipeline were still to be completed.




However, since the beginning of the project, it has been facing constant attacks from the United States. Washington has been scaring the EU that the pipeline will increase western Europe's energy dependency on Russia, and slapped Nord Stream 2 with several rounds of sanctions.

Moscow and Berlin, however, noted that the pipeline is a purely economic project, adding that the American attempts to "dictate" Germany's energy policy are nothing but unfair competition, as the US is trying to sell its own LNG to Europe.

[sarkasm] 12/4/2021 09:26

Engie gets green light for Rugeley Power Station revamp
Grant Prior 2 hours ago
Share

ENGIE has been granted outline planning permission for the major redevelopment of Rugeley Power Station in Staffordshire.

The cooling towers at the site will now be demolished in June as the the former coal-fired Power Station site is transformed into a mixed-use development of 2,300 low carbon homes and a school.

The development will advance in phases with initial work commencing to the north of the development, where the coal yards resided.

Remediation work will start in May and is projected to complete in the winter of 2022. Infrastructure will begin in the autumn with housing parcels following remediation.

The wider Rugeley masterplan includes more than 12 acres of employment space and a new country park alongside the River Trent.

Colin Macpherson, Divisional CEO for ENGIE UK & Ireland, said: “We have been in positive and productive communication with all the relevant local authorities and local residents for many years now; as we pushed to drive forward with a powerful proposal that would enrich the local area and inject new homes, jobs and opportunities after the closure of the power station.”

Bob Kean, Interim Managing Director for Cannock Chase Council said: “As we recover from the pandemic the development of the former power station site becomes hugely significant for us.

“It is one of our main economic objectives in our new corporate plan and will help us realise our ambition to be a carbon neutral District by 2030.

“We have been impressed by the way ENGIE has progressed its exciting vision. It is good to see that this is now starting to be delivered on the ground.”

Grant Prior

Written by Grant Prior
2 hours ago

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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.