Energiser Investments Share Discussion Threads

[grupo guitarlumber] 24/3/2022 10:20

Engie Sells 9% Stake in Gaztransport & Technigaz for $329 Million
03/24/2022 | 09:17am GMT


(MT Newswires) -- Engie (ENGI.PA) raised 299.7 million euros ($329.2 million) by selling 3,330,000 shares of Gaztransport & Technigaz.

The French energy company said Thursday the shares sold at a price of 90 euros apiece represent about 9% of the French engineering group's share capital. Its stake was reduced to about 11% after the sale.

The company will use the proceeds for general corporate purposes and to fund future growth.

Engie's stock declined slightly on Thursday morning.

[grupo guitarlumber] 24/3/2022 10:19

ENGIE : No. 2 in the world in clean energy
03/24/2022 | 09:28am GMT

ENGIE, No. 2 in the world in clean energy

BloombergNEF, the strategic analyst for the energy transition, has published its ranking of clean energy developers for 2021 and ranks ENGIE number 2 in the sector in terms of volumes sold to businesses. This result commends our strategy to accelerate the energy transition and the efforts we have made to support our customers in greening their businesses.

Despite a challenging environment, we have achieved great commercial success on three continents (recently in Australia, North and South America, and Europe) by signing 2.1 GW of solar and wind power in corporate PPA in 2021 (vs 1,5 MW in 2020)!
This trust from both our customers and the markets is a guarantee of success for our roadmap and recognition of the commitment of our teams.

[sarkasm] 24/3/2022 08:25

Engie announces that it has completed the sale of 3.33 million GTT shares at a price of €90 per share and has thus raised €299.7 million, as part of a private placement by way of accelerated construction of an order book with institutional investors.

This sale of shares represents approximately 9% of GTT's share capital. In the event of an exchange of all the bonds exchangeable into GTT ordinary shares issued by Engie in June 2021, its stake in GTT's capital will be reduced to approximately 11%.

The proceeds of the transaction will be used for the general needs of Engie's business and to finance future growth. The energy group has agreed that the residual shares held in GTT will be subject to a 90-day retention commitment.

[grupo] 21/3/2022 22:17

Belgium to extend service of Doel 4 and Tihange 3 plants by 10 years

PowerNuclearReactor

By NS Energy Staff Writer 21 Mar 2022

Belgium seeks to strengthen the independence of fossil fuels in “turbulent geopolitical times” resulting from Russia’s war on Ukraine


The Belgian government has decided not to go ahead with a planned phaseout of nuclear power in the country by 2025 and will instead take the required measures to extend the life of two nuclear power plants by 10 years.

According to the government, the decision to extend the life of Doel 4 and Tihange 3 will strengthen the independence of fossil fuels during “turbulent geopolitical times”.

The move pertains to the extension of 2GW nuclear capacity. For this, the government will negotiate with French energy company Engie, which is the operator of the two plants.

Doel 4 has a capacity of 1.03GW and has been operating since 1985.

Like Doel 4, the Tihange 3 nuclear reactor has a capacity of 1.03GW and has been in service since 1985.

The government stated: “The Minister of Energy and the Prime Minister are asked to continue discussions with the European Commission on the impact of the extension on the capacity compensation mechanism (CRM). Discussions with operator Engie will also continue.”

A draft bill on the extension is planned to be submitted to the Council of Ministers by the end of this month.

It further stated: “The extension of the two nuclear power plants should not push the production of renewable electricity out of the market. That is why it will be examined, among other things, whether the nuclear power stations can also be used in the event of overproduction to kick-start the hydrogen market in Belgium.”

The government also revealed its intentions to inject €1.1bn for funding the country’s transition to climate neutrality and to expedite the reduction of its dependence on fossil fuels.

In December 2021, Belgium’s coalition government had revealed plans for the closure of the two nuclear power plants. As per the plan, plant closures were slated to begin this year with a final decision expected to be taken this month.

The government had been studying if the country’s energy security can be sustained without the nuclear plants.

To make up for the loss of power generation from nuclear, the government was planning to build two gas-fired power plants.

The change in decision by the Belgian government comes amid the ongoing war waged by Russia on Ukraine.

[the grumpy old men] 21/3/2022 10:53

50,000 households connected to solar power

By The Nation On Mar 20, 2022


ENGIE Energy Access, a leading provider of solar homes systems and mini-grid solutions in Nigeria announced the milestone of connecting 50,000 households to solar power and in turn impacting 250,000 lives across the country.

The company also recently extended its partnership with the Rural Electrification Agency of Nigeria (REA) via an addendum to the existing output-based fund (OBF) agreement, which provides grant subsidies to make electricity products more affordable for those who need it the most.




The grant was provided under REA’s Nigeria Electrification Project (NEP), a Federal Government initiative driven by the private sector and seeks to provide electricity access to households, micro, small and medium enterprises in off-grid communities, tertiary institutions and healthcare facilities across the country through renewable energy sources.

“Reaching this milestone is an incredible accomplishment for our team, and evidence of not just hard work, but our commitment to bringing clean, affordable energy to those without electricity access across Nigeria,” said Bankole Cardoso, Managing Director of ENGIE Energy Access Nigeria.

[grupo guitarlumber] 19/3/2022 07:52

ENGIE is focused on delivering a progressively growing and sustainable dividend for shareholders. With the publication of 2021 Financial Results, the Board has reaffirmed the Group’s dividend policy with a payout ratio of 65-75% of net recurring income Group share, and a floor of €0.65 per share for the 2021 to 2023 period.
For 2021, the Board has proposed a payout ratio of 66%. This translates to a dividend of €0.85 per share, which will be proposed for shareholder approval at the Annual General Meeting on the 21 April 2022.


Dividend calendar for fiscal year 2021:

April 22, 2022: last day to acquire shares and benefit from the dividend
April 25, 2022: ex-dividend date
April 27, 2022: dividend payment date

[grupo] 18/3/2022 11:17

Engie Brasil acquires 260 MWp of solar farms at home
Solar PV plant in Brazil

March 18 (Renewables Now) - Brazilian energy company Engie Brasil Energia SA (BMVF:EGIE3) announced on Thursday that it has finalised the acquisition of two solar photovoltaic (PV) farms, with a combined capacity of 259.8 MWp in Brazil.

Engie Brasil bought the plants from Engie Solar SAS, Solairedirect Investment Management SA and Drankensberg Capital 1 SA for BRL 625 million (USD 122.6m/EUR 110.9m) in total. The buyer also took over a net debt of roughly BRL 620 million contracted with the Brazilian Development Bank (BNDES), according to the announcement.

The acquisition made Engie Brasil the owner of the 158.3-MWp Paracatu and the 101.5-MWp Floresta plants.

Paracatu has been in operation since February 2019 and benefits from a 20-year sales agreement for 34 average megawatts (MWa) of its output. The 101.5 MWp Floresta solar farm, operational since December 2017, has a 20-year contract for 25.1 MWa in place.

(BRL 1.0 = USD 0.196/EUR 0.177)

[waldron] 14/3/2022 09:54

(Boursier.com) — By letter to the AMF, the American The Capital Group Companies, Inc said it had crossed the threshold of 5% of the capital of the company Engie on March 7.

It now holds 117,733,578 Engie shares representing 121,552,319 voting rights, i.e. 4.83% of the company's capital and 3.82% of the voting rights.



This threshold crossing is the result of a sale of Engie shares on the market.

[florenceorbis] 12/3/2022 10:02

Cheniere and Engie to extend LNG supply deal
10 Mar 2022by Riviera News

Cheniere Energy’s subsidiary Corpus Christi Liquefaction (CCL) has agreed with Engie to amend the LNG sale and purchase agreement (SPA) entered into in June 2021


Under the SPA, Engie has agreed to purchase approximately 0.9 mta of LNG from CCL on a free-on-board basis for approximately 20 years. The purchase price for LNG under the SPA is indexed to the Henry Hub price, plus a fixed liquefaction fee.

“We are pleased to build upon the long-term agreement we signed in 2021 with Engie, one of Europe’s energy leaders in low-carbon solutions, to increase the volume and extend the term beyond 2040,” said Cheniere president and chief executive Jack Fusco.

“This SPA reflects the importance of a diverse and reliable long-term supply of natural gas for Europe and reinforces the value the LNG market places in Cheniere’s commitment to climate and sustainability initiatives. We look forward to continuing to supply Engie with flexible, cleaner burning LNG as part of our shared vision of a lower carbon future.”

The original deal was signed in June 2021 and began in September 2021. It was an 11-year agreement that covered Engie buying LNG between 0.4 to 1.2 mta from the Corpus Christi facility.

The South Texas based Corpus Christi Liquefaction facility currently houses three fully operational liquefaction units or ​trains producing approximately 5 mta of LNG.

Cheniere is planning to expand Corpus Christi Stage 3 consisting of up to seven midscale trains. Each of the trains will have a liquefaction capacity of approximately 1.49 mta.The US Energy Information Administration expect the nation to emerge as the largest exporter of natural gas by the end of the year.

Riviera Maritime Media will provide free technical and operational webinars in 2022.

[waldron] 09/3/2022 22:02

Engie to retrofit Mejillones coal plant in Chile to work with natural gas

Bnamericas Published: Wednesday, March 09, 2022

Natural Gas Generation Photovoltaic Coal Generation Bunker oil/Diesel oil

Chile’s environmental assessment service SEA has greenlit two large-scale energy projects totaling new investments of US$83mn.

The largest project was the US$50mn initiative by Engie Energía Chile to convert its US$1.1bn Mejillones coal-fired plant in northern Antofagasta region.

Mejillones came online as Chile was announcing plans to start decommissioning its coal-fired units aiming to remove coal from the power matrix by 2040. The project, conceived under different circumstances during the 2014 power supply tender, faced public criticism after its startup.

The project filed with SEA involves the conversion of the plant’s first unit (the second unit is yet to be finished) to take natural gas instead of coal, with diesel as a backup fuel. This would reduce the plant’s carbon emissions, Engie said.

In its filing, Engie said it planned to start work on the conversion in October 2023 and finish in mid-2025.

Meanwhile, the smaller initiative is the US$33mn Tamango solar plant in Chile’s center-south Maule region and which was filed for evaluation last August. The project is being proposed by Grenergy and will have installed capacity of 40MW.

The new park seeks to connect to Chile’s national system at the Paso Hondo substation. Construction is expected to start in June 2022 and operations eight months later, according to the project’s environmental filing.

[waldron] 07/3/2022 08:01

Engie: without Russian gas, the price shock will be unprecedented

07/03/2022

Catherine MacGregor, CEO of Engie, is preparing for the possibility of a total cut in Russian gas imports.


In an interview with "Les Echos", she explains that the resulting "unprecedented price shock" would require the intervention of the public authorities to "cap prices" and "limit demand".

[misca2] 06/3/2022 18:35

Shell, TotalEnergies, Engie Among High Bidders in New York Bight Offshore Wind Auction

By Morgan Evans

March 6, 2022


The Department of Interior announced last week the winning companies of the New York Bight offshore wind lease sale, with Bight Wind Holdings LLC, a joint venture (JV) between RWE Renewables and National Grid, securing the largest lease with a $1.1 billion bid.

[adrian j boris] 02/3/2022 08:04

Vincent Ayral from JP Morgan retains his positive opinion on the stock with a Buy rating. The target price remains set at EUR 19.50.

[waldron] 01/3/2022 09:22

TotalEnergies Held Talks With French Government on Russia Assets

James Herron and Vidya Root, Bloomberg News


(Bloomberg) -- TotalEnergies SE has held talks with the French government over its continuing operations in Russia, after BP Plc and Shell Plc announced they would exit the country.

The French government has been discussing the issue and TotalEnergies Chief Executive Officer Patrick Pouyanne is “perfectly aware of the gravity of the situation,” French Finance Minister Bruno Le Maire said in an interview on CNews Television on Tuesday. “It is a question of principle.”

A decision on the company’s operations in Russia will be taken over the coming days, Le Maire said. The government has also held talks with Engie SA over its links with the country, but that situation is “a little different,” he said.

TotalEnergies didn’t immediately respond to a request for comment.

In just two days, some of Europe’s largest energy companies dumped tens of billions of dollars of Russian investments that they had nurtured over decades and shut themselves out of the world’s largest energy exporter, probably forever.

Shell’s move to exit a stake in the Sakhalin-2 LNG project, an investment that dates back to the Yeltsin era, follows BP Plc’s announcement on Sunday that it will walk away from a holding in Russia’s state oil producer, Rosneft PJSC. The moves by the British companies -- and from Norway’s Equinor ASA -- show just how far Western powers are willing to go to punish President Vladimir Putin for his invasion of Ukraine.

Their decisions put pressure on remaining foreign investors, including Exxon Mobil Corp. and TotalEnergies, to follow suit as Russia’s war in Ukraine forces a dramatic rupture with the global economy.

TotalEnergies has operations in Russia representing around $1.5 billion of its total cash flow, or around 5%. It owns roughly a fifth of gas producer Novatek as well as a large interest in the Yamal LNG project, Russia’s biggest producer of liquefied natural gas. It also has a 10% in the future Arctic LNG 2 development.

Engie’s main Russian connection is a stake in the Nord Stream gas pipeline, and a loan it provided to Nord Stream 2, a project that has already been suspended by the German authorities.

[grupo guitarlumber] 25/2/2022 10:19

Upcoming events on ENGIE

March/09/2022 | 08:15am ACI Gasification Summit

April/21/2022 Annual General Meeting

April/25/2022 Ex-dividend day for extraordinary dividend

[florenceorbis] 25/2/2022 10:08

[France] ENGIE (ENGI)

Real-time Quote. Real-time Euronext Paris - 02/25 05:06:46 am

14.15 EUR +3.16%

[florenceorbis] 25/2/2022 10:06

Valuation: always discounted

investir.fr | The 24/02/22 at 19:58 | Updated on 24/02/22 at 20:09

Summary

Engie: ever more assertive ambitions in decarbonised energies

Industry Analysis: More and More Diverse Competitors

Valuation: always discounted

Engie had returned to its prices of two years ago at the beginning of the week, taking advantage since autumn 2021 of the renewed interest in discounted securities (the share is trading below its net assets of €15.19, at the end of 2021) and the surge in energy prices.

The group posted its best net profit since 2010 last year, while the publication of detailed forecasts to 2024 was appreciated by analysts.

Between the transformation of Engie, the gradual loss of revenues from nuclear power and the Russian-Ukrainian tensions, which influence the price of gas and electricity, any improvement in visibility is good