Energiser Investments Share Discussion Threads

[waldron] 09/5/2022 18:30

Engie, OCI, EEW plan gigawatt-scale hydrogen project in Netherlands
Hynetherlands infographic. Image by ENGIE Energie Nederland NV.

May 9 (Renewables Now) - French utility Engie SA (EPA:ENGI), Dutch methanol producer OCI NV (AMS:OCI) and Germany’s EEW Energy from Waste GmbH (EEW) have teamed up to develop a hydrogen and e-methanol project in the Netherlands.

Located in Groningen province in the north of the Netherlands and dubbed HyNetherlands (HyNL), the project will initially consist of a 100-MW electrolyser powered by offshore wind that will produce hydrogen for e-methanol production, as well as for supply to the local mobility and industry sectors. The ambition is to increase the electrolyser capacity from 100 MW in 2025 to 850 MW in 2030 and 1.85 GW in the early 2030s.

Engie's role will be to produce hydrogen. The 100-MW electrolyser, powered by 200 MW of offshore wind, will be located at the Eems power plant in Eemshaven. An EEW carbon capture plant will be sited at the existing waste-to-energy plant in Farmsum, while OCI’s BioMCN methanol facility in the Delfzijl chemical park in Farmsum will combine hydrogen and biogenic carbon dioxide (CO2) to produce e-methanol.

“Methanol is one of the most effective green hydrogen carriers and will be key to the development of the hydrogen economy in the Netherlands and Europe,” according to OCI chief executive Ahmed El-Hoshy.

The Engie and OCI plants will be connected to the hydrogen network being developed by Dutch gas network company Gasunie in the Netherlands and northern Germany.

The partners will aim to secure the needed financial support and government approvals and have applied for grants from the EU Innovation Fund.

[waldron] 09/5/2022 13:04

Upcoming events on ENGIE

05/17/22 | 07:15am Q1 2022 Earnings Release
05/17/22 | 09:00am Q1 2022 Earnings Call

[waldron] 03/5/2022 19:33

Bills skyrocket for customers of alternative French energy supplier

The provider transferred from the capped regulated tariff to volatile market rates, leaving some customers facing rises of more than 400%

3 May 2022 16:02

Customers of now defunct alternative energy supplier Planète OUI saw their bills soar

By Emma Morgan

Households whose energy supply is provided by alternative French suppliers have been shocked by a sudden rise in their bills.

Customers whose bills are linked to the tarif réglementé du gaz naturel and/or d’électricité state-regulated tariffs should not currently be seeing a rise in their energy costs, as the government has capped price increases.

This is the case for customers of the historic national suppliers EDF and Engie but also of alternative firms whose rates are indexed on this regulated tariff.

[waldron] 03/5/2022 10:26

ENERGYVOICE


French ban on US LNG reverses with Engie deal

Engie has signed a 15-year sale and purchase agreement for buy US LNG, reversing France’s implicit ban on shale gas supplies.

By Ed Reed
03/05/2022, 7:52 am


Engie has signed a 15-year sale and purchase agreement for buy US LNG, reversing France’s implicit ban on shale gas supplies.

The company signed up to buy the 1.75 million tonnes per year from NextDecade’s Rio Grande LNG project. The plant will be in Brownville, in Texas.

Engie will buy the LNG on a free on board (FOB) basis, from the first two trains of the Rio Grande LNG project. NextDecade expects first production in 2026.

In 2020, the French government was said to be obstructing the deal, citing concerns around emissions. Engie had been in the process of striking a deal for supplies from the Rio Grande LNG plant.

“The signing of this SPA is an important step in showing our commitment in the areas of environmental stewardship, social responsibility, and governance best practices, while upholding the LNG industry’s highest standards,” said NextDecade’s chairman and CEO Matt Schatzman.

“It also shows how we can help meet our buyers’ climate change initiatives, while providing them access to secure energy supply.”

The US LNG project intends to capture more than 90% of emissions via a carbon capture and storage (CCS) plan.

NextDecade expects to reach a final investment decision (FID) in the second half of 2022 on at least two trains. It would then approve the next three at a later date. The five-train plant would have up to 27mn tpy of capacity.
Long-term leap

There have been a flurry of recent deals for long-term supplies from US LNG projects. Europe has historically lagged in this regard but there are signs that countries are reconsidering the importance of LNG as bulwark of energy security.

In addition to the Engie-NextDecade deal, Energy Transfer also announced the signing of an agreement to supply LNG to Gunvor.

Energy Transfer said it would provide 2mn tpy of LNG to the trader, on an FOB basis, from the Lake Charles LNG export facility. Exports are expected to start in 2026. #

While European buyers have been slow, China has taken a commanding position in securing long-term LNG deals. In March, ENN signed two SPAs with Energy transfer for a total of 2.7mn tpy.

ENN also signed up another 1.5mn tpy with NextDecade, from the Rio Grande LNG project, in April.

Shell had been participating in the Lake Charles plan until 2020, when it pulled out. At that time, Energy Transfer said it would reduce the scale of the plan to two trains, with a total of 11mn tpy of capacity.

[misca2] 27/4/2022 20:42

Upcoming events on ENGIE

July/29/2022 Interim 2022 Earnings Release

[grupo guitarlumber] 26/4/2022 11:51

April 27, 2022: dividend payment date

[gibbs1] 26/4/2022 10:07

Engie hedges 86% of 2022 power at EUR 67/MWh
Power

26 Apr 2022 10:56

Sophie Tetrel

Paris

(Montel) Engie hedged 86% of its expected nuclear and hydropower output this year in France and Belgium at EUR 67/MWh at the end of Q1, up EUR 7 from the end of last year, it said on Tuesday.

Meanwhile, the prices for 2023 and 2024 went down by EUR 1 and EUR ...…

[waldron] 23/4/2022 06:23

One last thing: France still holds 23.6% of engie's capital and 33.2% of its voting rights.

Investors generally view the presence of public power in capital with a critical eye.

As we will have understood, Engie has long since ceased to make investors dream, scalded by years of broken promises and referral errors with serious consequences.

The future looks brighter if not bright, if financial projections are to be believed.

But it will take a little more to convince the market.


Zonebourse

[waldron] 21/4/2022 15:01

PARIS (Agefi-Dow Jones)--The energy company Engie plans to register
in its accounts a loss of nearly one billion euros related to the
Nord Stream 2 gas pipeline, to which the group contributed via a loan from
long term and which may never enter service due to
sanctions put in place by europeans against the
Russia.

"In view of the decisions taken to freeze the project indefinitely, Engie
plans to record a credit loss on the entirety of
its exposure" to the Nord Stream 2 project, i.e. €987 million,
indicated Engie in its replies to the written questions
of shareholders on the occasion of its general meeting.

[ariane] 21/4/2022 09:33

Engie eyes EDF renewables arm in event of nationalisation

21 Apr 2022 09:01

Sophie Tetrel

Paris


(Montel) French energy company Engie is considering taking over rival EDF’s renewables arm should the latter be nationalised to focus on its nuclear activities, Engie chairman Jean-Pierre Clamadieu told Le Figaro newspaper.

[waldron] 20/4/2022 14:07

Dividend calendar for fiscal year 2021:

April 22, 2022: last day to acquire shares and benefit from the dividend

[maywillow] 20/4/2022 11:11

April/21/2022 Annual General Meeting

[waldron] 18/4/2022 11:46

TotalEnergies signs Cameron LNG expansion agreement

Published by Sarah Smith, Assistant Editor
LNG Industry, Monday, 18 April 2022 10:05

TotalEnergies has signed a heads of agreement (HOA) with Sempra Infrastructure, Mitsui & Co. Ltd, and Japan LNG Investment – a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK) – for the expansion of Cameron LNG, an LNG production and export facility located in Louisiana, US.

This expansion project includes the development of a fourth train with a production capacity of 6.75 million tpy, and a 5% increase of the current 13.5 million tpy first three trains through debottlenecking.


It will also include design enhancements aiming at reducing the emissions of the facility, including electric drive technology.



Under the terms of the HOA, TotalEnergies will offtake 16.6% of the projected fourth train’s production capacity, and 25% of the projected debottlenecked capacity. Additionally, Cameron LNG advances the development of this project with the selection of two contractors to conduct a competitive front-end engineering design (FEED) in view of the selection of the engineering, procurement and construction (EPC) contractor.

“We are pleased to take this new step with our partners to increase liquefaction capacity at Cameron LNG, a facility ideally located on the Atlantic basin for export to Europe. In recent years, TotalEnergies has become a leading exporter of US LNG, most of which has been exported to Europe in recent times, contributing to the continent’s security of energy supply.


TotalEnergies is committed to further expanding its presence in the US, thus meeting growing need for LNG, a key transition fuel” said Patrick Pouyanné, Chairman & CEO of TotalEnergies. “The expansion of Cameron LNG will contribute to our LNG growth strategy by investing in low-cost, long-term competitive LNG projects with lower GHG emissions.”

Development of the Cameron LNG expansion project remains subject to definitive agreements, obtaining the necessary permits, and all partners reaching a final investment decision planned for 2023.

Cameron LNG is jointly owned by Sempra Infrastructure (50.2%), TotalEnergies (16.6%), Mitsui & Co. Ltd (16.6%), and Japan LNG Investment (16.6%).

[waldron] 18/4/2022 08:05

BUTEC Group completes the takeover of ENGIE’s 17 Energy Services companies in Africa

Posted By: April 14, 2022


BUTEC (www.BUTEC.com) based in UAE, a leading contracting group in the MENA and GCC regions, has recently completed the takeover of 17 Energy Services companies in Africa previously owned by the energy global player, ENGIE Group.

The acquisition process was completed on the 31st of March 2022, following the initial agreement signed on the 16th of last December between the two groups.



The acquisition of these 17 companies, based in 15 countries across Africa stems from the strategic decision taken by BUTEC Group, a major EPC projects player since 1960s, to expand to Africa, the geographic footprint of its second core business line: the multi-technical services.

This transaction will allow BUTEC Group to capitalize on 2000 collaborators and highly skilled executives, whose expertise will strengthen the company's Energy Services activities, through key synergies.

It is worth noting that some of the newly acquired company were established since the early years of the 20th century and have extensive experience in the field of multi-technical services installation and maintenance in their respective countries.

ENGIE on the other hand has decided to sell its Energy Services activities to Bouygues in Europe and to BUTEC Group in Africa, in line with its decision, taken in 2020, to redefine its strategic priorities to focus on green energy generation and distribution.

The newly acquired companies are:

In North Africa, ENGIE Service Morocco, a merger between SPIE Morocco, Cofely Morocco and EFS, these companies are leaders on their markets in North Africa and major players in energy transition.

ENGIE Services has also been present in Algeria since 2015

In West Africa, ENGIE subsidiaries in Ivory Coast, Benin, Burkina Faso, Ghana, Mali and Niger. These companies occupy a leadership position in engineering, utilities installation and energy efficiency services, as well as in the manufacturing of electrical components.

In Southern Africa, Ampair, Thermair and IES operating in South Africa, Botswana, Mozambique, Swaziland and Zambia. Operational for more than 70 years, these companies have been leaders in the field of climate engineering and in the installation and maintenance of HVAC systems.

Distributed by APO Group on behalf of BUTEC.

About BUTEC GROUP:

Established in Lebanon in 1964, BUTEC Group now based in Dubai is a major player in the MENA region, in the EPC construction businesses and multi-technical services.

The founders and the management hold its capital, with a minority stake held by the IFC (the private sector financing arm of the World Bank).

[the grumpy old men] 17/4/2022 21:03

RIGZONE


Le Pen Energy Plan Promises Fuel-Tax Cut, Ban On Wind Farms
by Bloomberg
|
Francois de Beaupuy
|
Sunday, April 17, 2022



As Europe suffers its worst energy crisis in a generation, French presidential candidate Marine Le Pen is proposing to subsidize consumption while further curtailing supply.

The 53-year-old nationalist is narrowly trailing President Emmanuel Macron in polls ahead of the April 24 runoff election.

She has campaigned for months on a promise to boost voters’ purchasing power by cutting taxes on gasoline, heating oil, natural gas, and electricity.

This help for consumers sits alongside a crackdown on wind turbines, a windfall tax on some of the country’s largest energy companies and an exit from Europe’s electricity market.

While energy costs began rising last year, Russia’s invasion of Ukraine has pushed them to the top of the political agenda as prices broke records.

Those increases represent more than half of Europe’s inflation, costing households across the continent some 230 billion euros ($251 billion) this year.

Le Pen has cast herself as the protector of the poor, and her policies may prove to be effective at harnessing the pain of rising prices felt by households and motorists.

Their concerns have been a powerful force in French politics, notably the “Yellow Vest” movement that disrupted the early years of Macron’s presidency.

Yet her plans would leave the country increasingly exposed to energy shortages over time, according to Marc-Antoine Eyl-Mazzega, the head of the Center for Energy & Climate at Institut Francais des Relations Internationales.

“It may please those who don’t like the sight of wind turbines,” Eyl-Mazzega said.

“The power supply situation will deteriorate, and investors will shy away from France.”

The core of Le Pen’s pitch to voters is a 12-billion-euro reduction in the value added tax on energy.

She also promised to roll back 9 billion euros in levies on diesel and gasoline when she takes office if the price of oil is above $100 a barrel.

Those giveaways would come on top of the 25 billion euros of aid to contain energy bills already being phased in by Macron.

The tax cuts would be partly financed by ending subsidies for wind and solar power, Le Pen said.

Regardless of legal issues, she also promised to halt onshore and offshore wind farms under construction, putting at risk projects currently in development by companies including Electricite de France SA, Engie SA, Iberdrola SA, Neoen SA and Voltalia SA.

Wind turbines would be progressively taken down when they reach “the end of their life,” according to her manifesto.

Wind and solar together represented 10% of France’s electricity output last year, and this proportion will probably rise further this year as EDF’s nuclear output is set to drop to the lowest level since 1990 because of maintenance and technical issues at its aging fleet of nuclear reactors.

Yet wind turbines are unpopular in some parts of France, where homeowners argue that they are unsightly and reduce the value of their properties.

Macron has taken some steps to address opposition to wind power, pushing back a target to double onshore capacity by 20 years to 2050.

But the idea of completely blocking the development of domestic sources of renewable power, which have become increasingly price-competitive as the cost of imported fossil fuels and other sources of electricity has surged, has been fiercely criticized.

“The economic and energy policy proposals are out of touch with reality,” Michel Gioria, the general delegate of France Energie Eolienne, the country’s wind power federation. “She’ll plunge France into a difficult situation in terms of energy supply, which will keep prices high.”

Le Pen plans to solve the supply side of the energy equation by launching the construction of 20 large nuclear power plants, which would come progressively online from 2031. She would also seek to re-open the two Fessenheim reactors that Macron shut two years ago, prolong the lifetime of EDF’s 56 operational atomic plants to 60 years, and build some small modular nuclear generators.

That’s a challenging timetable given the recent record of France’s nuclear industry.

EDF still hasn’t commissioned the sole new reactor under construction in the country, at Flamanville, after 15 years of works. The project has been dogged by technical issues and has quadrupled its initial budget to 12.7 billion euros.

Macron’s nuclear plan is to build as many as 14 new large nuclear reactors, with the first pair coming online from 2035. Given supply-chain constraints and modern safety standards, even that more modest proposal brings considerable challenges, France’s power-grid operator said last year.

[waldron] 12/4/2022 11:15

IRJ

InternationaRailJournal


Freight
April 12, 2022
Written by David Carmona


Alstom and Engie collaborate to develop hydrogen supply chain

Engie plans to develop 4 gigawatt of renewable hydrogen production capacity by 2030.

ALSTOM has signed a partnership agreement with Engie to develop a hydrogen logistics and refuelling chain for freight locomotives operating on non-electrified lines.

The partners believe they can work together to accelerate the development of hydrogen as a viable, clean alternative to diesel. Under the partnership, Alstom will design a high-power hydrogen fuel cell and Engie will develop a supply chain to provide the hydrogen.

Engie plans to develop 4 gigawatt of renewable hydrogen production capacity by 2030, with a 700km dedicated hydrogen supply network and 1 terawatt-hour of storage capacity serving 100 refuelling stations.

The announcement follows a successful live test conducted by Alstom and Engie in March 2020 in the Dutch Province of Groningen, where renewable hydrogen was used to refuel a Coradia iLint passenger train.

[adrian j boris] 11/4/2022 08:41

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

[ariane] 06/4/2022 07:15

PARIS (Agefi-Dow Jones)--Gas and electricity supplier Engie and rail equipment manufacturer Alstom announced Wednesday that they have signed a partnership to develop a solution to decarbonize freight locomotives from renewable hydrogen.

The financial elements of this partnership have not been disclosed.

Under the terms of the agreement, Alstom will offer a "hydrogen solution from a high-power fuel cell system that can power electric locomotives in non-electrified sectors" while Engie will supply this solution with renewable hydrogen "through the deployment of an innovative supply chain," the two groups said in a joint statement.

The target market for this zero-emission solution is "that of the major European rail freight countries", Engie and Alstom added.

[waldron] 04/4/2022 19:27

Engie closes on financing for 665 megawatts of U.S. renewable projects


IEEFA April 4, 2022


Engie North America has successfully completed tax-equity financing and equity financing for renewables projects totalling 665MW.

The finance covers the Iron Star and Priddy wind farms plus the Hawtree solar park, which recently declared commercial operations.

The two wind projects located in Ford County, Kansas and Mills County, Texas, respectively, are owned by affiliates of Engie.

Iron Star comprises 62 4.8MW turbines and Priddy 63 4.8MW machines.

The 65MW Hawtree is located in Warren County, North Carolina.

The three projects were constructed during 2021 and early 2022.

[Staff Report]

[maywillow] 04/4/2022 07:01

* ENGIE - The French services group
Altrad industry announced on Monday that it had acquired from Engie
the company Endel, specialized in industrial maintenance
and services to the nuclear sector.

[waldron] 31/3/2022 12:02

BusinessLatest

ENGIE Energy Rollouts Plan to Connect Electricity to 2,700 Centres
March 31, 2022 12:07 am
0
Share

Raheeem Akingbolu

ENGIE Energy Access Nigeria has announced a new plan to connect about 2,700 un-electrified health centres in Nigerian communities. The project will stabilized electricity supply using renewable energy for four years, from August this year.

Managing Director, ENGIE Energy Access, Bankole Cardoso, said that through its Solar Home Systems brand, MySol, and its mini-grid business, it is equipped to meet the power needs of rural health centres.

The company said MySol’s range of small Solar Home Systems can power and improve service delivery significantly at primary health posts because of their low energy needs. For services at secondary hospitals, which are likely to own sophisticated diagnostic medical equipment, the much larger MySol Solar Business Solutions are available to cater to this range.

According to data from Sustainable Energy For All, Nigeria currently has 36,000 health centres of which 13,000 are without electricity. This health centre electrification project is closely aligned with ENGIE Energy Access’ mission to improve the livelihoods of people in rural Africa through renewable energy solutions.

Powering Africa Summit 2022 is a gathering of global energy industry leaders; key players from North America with Ministerial and Governmental participants from across Africa to drive energy developments on the African continent

ENGIE Energy Access will implement the electric power supply intervention program in four identified levels of healthcare provisioning. These include: Primary Health Centres with beds for emergencies and maternity; First Hospitals with 30-60 beds capacity; Secondary Hospitals with 60-120 beds capacity; and Tertiary Referral Hospitals with above 120 beds and capacity to undertake surgeries.

Cardoso stated that ENGIE Energy Access through its Solar Home Systems brand, MySol, and its mini grid business, is equipped to meet the power needs of rural health centres.

Whether it’s MySol’s range of small Solar Home Systems which can power and improve service delivery significantly at primary health posts because of their low energy needs; or MySol’s range of large Solar Home Systems which will increase efficiency at first hospitals, all levels of healthcare provisioning can and will be fully catered to.

[waldron] 31/3/2022 12:01

France’s Engie seeks renewable-energy project finance for South Africa and Egypt

By David Whitehouse
Posted on Wednesday, 30 March 2022 16:12


French energy company Engie is seeking to raise around $350m in project finance for renewables projects in South Africa, Mohamed Hoosen, managing director for renewables in Asia, the Middle East and Africa, tells The Africa Report.

The project finance will be a combination of debt and equity, and Engie is now in talks with South African lenders over the debt, Hoosen says from Johannesburg. The funding will be divided between solar and wind capacity, and the Oya hybrid project, which will combine solar, wind and lithium batteries. The Oya project may account for roughly $150m of the funding, Hoosen adds.