Energiser Investments Share Discussion Threads

[the grumpy old men] 04/6/2021 16:36

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 09:29

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 14:49

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 19:04

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 08:03

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 11:04

Upcoming events on ENGIE


MAY/18/2021 Q1 2021 Earnings Release

MAY/20/2021 Shareholders Meeting

[waldron] 12/5/2021 13:05

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 10:36

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 09:50

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 08:26

Engie gets green light for Rugeley Power Station revamp
Grant Prior 2 hours ago
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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 07:51

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 16:16

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 09:42

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 10:43

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 21:00

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 08:07

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

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1 min ago

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[the grumpy old men] 30/3/2021 10:55

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 10:19

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