Energiser Investments Share Discussion Threads

[waldron] 10/4/2023 11:23

ENGI


[France] ENGIE (ENGI)

Real-time Euronext Paris - 16:38:04 06/04/2023 BST

15.07 EUR +0.94%

whatta difference week or so doth make

might break thru 15.15 euros resistance

[sarkasm] 27/3/2023 10:20

might fall further

[waldron] 20/3/2023 15:00

ENGIE adds more than 650 MW to U.S. operations
Wind and solar projects bring ENGIE’s renewable capacity to more than 4.8 GW across North America

March 20, 2023 09:05 ET | Source: ENGIE North America

HOUSTON, March 20, 2023 (GLOBE NEWSWIRE) -- ENGIE North America (ENGIE) announced four projects reached commercial operation at the end of December 2022 with a total production capacity of 651 MW. The addition of these projects brings ENGIE’s renewable operations to more than 4.8 GW across the U.S. and Canada.

The portfolio additions include two Texas projects, the 300 MW Limestone Wind project in Navarro and Limestone counties alongside the 250 MW Sun Valley Solar project in Hill County northeast of Waco.

Dedication ceremonies to formally inaugurate Limestone and Sun Valley were held earlier this month, bringing together some 200 people including customers, landholders, local, state and federal representatives, community members and development partners, reflecting both the addition of 550 MW of clean energy to the grid, as well as the long-term commitments to the three counties which are expected to generate around $88 million in tax revenues over the life of the projects.

A further two solar projects totaling 101 MW came online in Halifax County, Virginia and New Castle County, Delaware, which was ENGIE’s first grid-scale project in that state.

“Maintaining momentum with our projects and meeting the expectations of our customers to help them deliver on their own Net Zero journey was and remains our key focus. Our proven ability to deliver consistently in a dynamic environment will be a critical differentiator over the next few years,” said Dave Carroll, Chief Renewables Officer of ENGIE North America. “Last year was a volatile one for the renewables industry, including sector-wide supply chain challenges, a rapidly evolving incentives landscape, inflation and all coupled with an accelerating commitment to a Net Zero future made for a lively twelve months, but one where our breadth and depth of the ENGIE team came through.”

Earlier in 2022, Procter and Gamble (P&G) announced a Power Purchase Agreement (PPA) with ENGIE for production from Sun Valley.

Jack McAneny, P&G Vice President Global Sustainability said at the time:

“Partnering on new renewable power projects brings long-term, zero emissions renewable electricity on-line and is an important strategy to help us achieve our goal of purchasing 100% renewable electricity. We are excited to work with ENGIE on projects like Sun Valley that progress our strategy and provide benefits to the local community.”

Last year also saw three customers announce PPA’s for Limestone – LyondellBasell, Stanley Black and Decker and Whirlpool Corporation.

LyondellBasell commented:

“LyondellBasell announced four power purchase agreements (PPA) during 2022 totaling 381 megawatts of renewable energy and the Limestone Wind Project was the first PPA in our portfolio. We are excited to see it beginning operations as this marks an important milestone for us in achieving our sustainability goals,” said Aaron Ledet, Senior Vice President, Olefins and Polyolefins Americas of LyondellBasell. “Renewable Electricity is a vital component of how we aim to deliver our greenhouse gas emissions reduction target, which is a 42% absolute reduction in scope 1 and 2 emissions by 2030, relative to a 2020 baseline.”

Stanley Black and Decker commented previously:

“Creating a more sustainable world and achieving carbon neutrality by 2030 requires a transition to renewable energy,” said Deb Geyer, Corporate Responsibility Officer for Stanley Black & Decker. “This project, operational by the end of 2022, will continue to support Stanley Black & Decker’s strategy to source 100 percent of its United States and Canada electricity needs from renewable power.”

Whirlpool Corporation commented:

“This latest wind project is an important part of our ongoing sustainability initiatives, adding additional clean, renewable energy to the electrical grid while helping to reduce the company’s carbon footprint,” said Whirlpool Corp. Sr. Director of Sustainability Beat Stocker. “Now that Limestone Wind is becoming fully operational, we have achieved an important step in matching 100% of our U.S. plant electricity emissions, taking us closer to our Net Zero by 2030 goal for our operations."

ENGIE has established a large and growing pipeline of wind, solar and storage projects across the U.S. and Canada, including two acquisitions last year that added some 50 early, mid and late-stage development projects to the portfolio.

“Globally ENGIE aims to add an average 4 GW of renewable capacity each year through 2025 and North America is poised to be a material contributor to that aspiration. We plan to almost double production capacity by 2025 across the U.S. and Canada,” said Carroll. “We are already in construction for many of our 2023 projects, including storage, which will become an increasing element of our portfolio.”

###

About ENGIE

ENGIE is a global leader in low-carbon energy and services. With its 96,000 employees, its customers, partners and stakeholders, the Group is committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by its purpose (“raison d’être”), ENGIE reconciles economic performance with a positive impact on people and the planet, building on its key businesses (gas, renewable energy, services) to offer competitive solutions to its customers. ENGIE (ENGI), is listed on the Paris and Brussels Stock Exchanges. In North America, ENGIE has delivered integrated, innovative energy solutions to public and private organizations for nearly half a century. We employ approximately 3,000 people focused on enabling our customers to become more sustainable and achieve their decarbonization targets through expert project delivery and competitive solutions. For more information on ENGIE in North America, please visit our LinkedIn page or Twitter feed, and

[the grumpy old men] 13/3/2023 10:08

Paris, je t’aime: Octopus goes big with €1bn investment in France

The UK’s third-largest energy supplier aims to reach one million customers in France by 2026

Dimitris Mavrokefalidis

Monday 13 March 2023


Octopus Energy has unveiled plans to invest €1 billion (£880m) in the French green energy market, and a new European tech hub in Paris.

The investment over the next two years aims to speed up the energy transition in France and produce enough local green power for 300,000 households.

Octopus Energy’s subsidiary Kraken will establish a European tech hub in Paris, creating hundreds of clean energy jobs and supporting millions of customers across Europe.

The company, which first entered the French market in January 2022 with the acquisition of Plüm énergie, aims to reach one million customers in France by 2026.

Octopus Energy’s Chief Executive Officer and Founder Greg Jackson, announced plans at the 36th Franco-British Summit in Paris, chaired by Prime Minister Rishi Sunak and French President Emmanuel Macron.

Mr Jackson said: “Octopus operates across ten European countries and today we’re delighted to announce a huge increase in our cooperation with France.

“We’re planning to invest an extra billion euros in French generation – but we’re also going to make Paris our EU technology hub. This is testament to the mutual commitment to investing in a clean energy system, and pioneering the digitisation which will drive costs down alongside carbon.”

[waldron] 28/2/2023 17:34

PowerTechnology


Engie selects Ecoppia to clean 181MWac solar project in Chile

Ecoppia’s Cloud-based platform and fully autonomous robots are claimed to increase the performance of solar PV sites.

Ecoppia’s autonomous robots are deployed at solar photovoltaic facilities. Credit: Business Wire.

French utility company Engie has partnered with Ecoppia, an Israeli company that provides robotic cleaning solutions for photovoltaic (PV) solar projects, for its Coya solar PV plant in Chile.

Located in the Antofagasta region, the 181.25MWac/199.8MWdc solar facility is Engie’s largest project in northern Chile, which is said to be one of the world’s driest regions.

Ecoppia will work to optimise production at the Coya solar plant and supply water-free robotic cleaning solutions for its solar panels.



The firm said that its Cloud-based platform has been designed and developed to constantly monitor and remotely manage the cleaning robots.

When used alongside a suite of advanced, fully autonomous robots, the platform is intended to increase the performance of utility-scale solar PV sites.

The Coya facility is the fourth project on which Engie and Ecoppia have worked together.

Eccopia said it expects to receive $7.2m in revenue from the project over the course of its lifecycle.

Ecoppia CEO Jean Scemama said: “South America is a fast-growing region for renewable energy, and Ecoppia is excited to play such a vital role in ensuring high energy outputs of solar sites despite the local challenges.

“We are happy to collaborate with Engie once again, as Engie is a forward-thinking company that understands automation is a necessity for large-scale site management, as they know our solutions help independent power producers reach lower levelised costs of energy (LCOE).”

Based in Tel Aviv, Eccopia has worked on 30 large-scale projects on four continents and cleaned eight billion panels to date.

The company is publicly traded and has offices in Asia, the Middle East, Europe and Latin America.

Last month, Engie purchased a 1.25GW solar and storage portfolio from Revolve Renewable Power.

This included a 1GW Bouse solar and storage project, as well as a Parker solar and storage project with 250MW of capacity.

[grupo guitarlumber] 26/2/2023 09:30

Engie deploys region's first water treatment solution at Rakez

RAS AL KHAIMAH, 23 hours, 6 minutes ago

Ras Al Khaimah Economic Zone (Rakez) said it has successfully retrofitted the region’s first-of-its-kind eco-friendly water treatment technology at its district cooling plant in co-ordination with Engie Solutions, a global leader in low carbon energy and services.

The move is aimed at helping save significant amounts of energy and water by retrofitting office buildings and water through a comprehensive Energy Performance Contract (EPC).

This ‘cooling tower’ water treatment system controls scaling, corrosion and biological growth in water holistically, using ultra-low frequency (ULF) electromagnetic waves without chemicals.

ULF treatment is electronic and fully controlled via microprocessors, therefore does not require any human intervention.

Rakez Group CEO Ramy Jallad said: "For Rakez, pursuing sustainability through green initiatives is highly important and we are strong supporters of Ras Al Khaimah’s energy strategy. We work closely with the RAK Municipality and solution providers like Engie Solutions to protect, maintain and nurture our ecosystem by tapping into the latest innovations. The implementation of this unique water treatment solution in our plant is a step closer to achieving our green goals collectively."

In addition to improving the quality of water, Rakez and Engie Solutions help save significant amounts of energy and water by retrofitting office buildings and water through a comprehensive Energy Performance Contract (EPC).

During this partnership, the economic zone will save more than 25 gigawatt-hours of electricity over 5 years, with an impact on carbon emissions comparable to that of taking nearly 2,000 cars off the roads. Additionally, over 14 million gallons of water, enough to fill 25 Olympic-sized swimming pools, will be saved.

Alexander Alzamora, Business Unit Head - Energy Services, Engie Solutions for GCC said: "Retrofitting represents an opportunity to deliver significant energy savings and carbon reduction over the long term, with the International Energy Agency estimating that building and construction sectors are responsible for over 30% of global final energy consumption and nearly 40% of total direct and indirect CO2 emissions."

"A green retrofit EPC includes improving the energy efficiency of lighting, air conditioning, ventilation, and other mechanical systems while increasing the quality of insulation," stated Alzamora.

Leveraging our global expertise and technology, Rakez will benefit from reduced energy consumption, guaranteed energy efficiency and performance KPIs, and a faster transition to zero carbon, reducing its environmental impact," he said.

Among other green efforts, the economic zone is working with Ras Al Khaimah Municipality Department, other entities and service providers to support the industry’s sustainable retrofits across its facilities and factories, he added.-TradeArabia News Service

[grupo guitarlumber] 21/2/2023 08:28

Upcoming events on ENGIE

May/11/2023 Annual General Meeting

May/11/2023 | 07:15am Q1 2023 Earnings Release

[grupo guitarlumber] 21/2/2023 08:24

GRACIAS WALDERS

[waldron] 21/2/2023 07:42

Next dividend

Forecast

Type Final

Per share 1.40 euros


Ex-div date 16 May 2023 (Tue)

Pay date 18 May 2023 (Thu)

[waldron] 03/1/2023 09:25

shareholding in GTT


ENGIE SA 3,614,277 9.75%

[grupo guitarlumber] 07/12/2022 07:15

(Bloomberg) -- Engie SA expects to move forward with three South African solar projects this week as the nation struggles to accelerate a program to add renewable power.

The French developer plans to sign power-purchase agreements for a total of 225 megawatts of solar projects after being selected as a preferred bidder as part of the so-called fifth bid window, according to Mohamed Hoosen, Engie’s managing director for renewables in Africa, Middle East and Asia. 

South Africa picked 25 wind- and solar-power projects to be built by private developers last year to reduce the nation’s reliance on coal for electricity and end rolling blackouts that are curbing economic growth. Those plans have faced various delays and challenges to reach financial close.

“It’s always a challenge -- the market has changed fundamentally to how it was 18 months ago,” Hoosen said in an interview, referring to factors including a surge in supply-chain costs.

South Africa revised commercial close timelines for the projects chosen in the fifth bid window. It’s since signed some agreements in a staggered order. Developers also await the selection of preferred bidders for the sixth bid window. 

The company remains interested in realizing more projects through the government program, Hoosen said. “To the extent that they bring these programs to market, we will be there to submit our bids.”

As part of South Africa’s energy transition, about 53 gigawatts of wind and solar plants will be required over the next decade as aging coal stations, currently producing over 80% of the nation’s electricity, are retired, according to state-owned utility Eskom Holdings SOC Ltd.

Job Creation

Plans to switch from a dependence on coal mean South Africa, with one of the worst unemployment rates in the world, needs to replace jobs that would be eliminated. A proposed solution is building or assembling some of the equipment in the country.

“There is tremendous value in establishing a local base for manufacturing,”; though there are some preliminary conditions, Hoosen said. “You need the certainty and reliability of the deployment of renewables” and you need to be competitive.

Engie has about 320 megawatts of renewable projects operating in South Africa, including two concentrated solar power stations capable of storing electricity for hours. That’s giving way to the use of photovoltaic panels with batteries “as we look at the evolution of technology and cost,” Hoosen said.

[waldron] 06/12/2022 17:04

Engie Boss: Europe Can Avoid Gas Shortage For Two Winters
By Josh Owens - Dec 06, 2022, 10:30 AM CST

Rising supply of non-Russian gas and lower demand will likely help Europe go through this winter, and the winter after that without devastating shortages of gas, the top French gas distributor Engie said on Tuesday.

“For this winter, the feeling is that we’ll manage” because gas inventories are still almost full in western Europe, Engie’s chairman Jean-Pierre Clamadieu said at a conference in Paris on Tuesday, as quoted by Bloomberg.

“Our experts at Engie have the feeling that we should manage to go through next winter without too many difficulties,” too, Clamadieu added.

Most analysts and top industry executives also believe that Europe is more or less prepared to face this winter with nearly full gas storage sites and a steady flow of LNG imports. Still, the regulator in the biggest economy, Germany, has recently warned that it might have to take drastic measures, such as gas rationing, if levels of gas in storage drop below 40% by February 1, 2023.  

The real concern about gas supply is for the winter after this one, the top executives of Europe’s biggest oil and gas majors said just before the heating season began.   

“I think it has been addressed for this winter,” BP’s chief executive Bernard Looney said at a panel at the ADIPEC energy conference in Abu Dhabi in early November.

“It’s the next winter I think many of us worry, in Europe, could be even more challenging,” Looney said.

Claudio Descalzi, the chief executive of Italy’s Eni, said on the same panel, “We are in good shape for this winter.”

“But as we said, the issue is not this winter. It will be the next one, because we are not going to have Russian gas – 98% [less] next year, maybe nothing,” Descalzi added.

The significant drop in Russian gas supply this year occurred only in June, meaning that Europe was able to stock up on some Russian gas earlier this year. But ahead of the 2023/2024 winter, the gap in gas supply in Europe will be much wider without Russian gas.

By Josh Owens for Oilprice.com 

[grupo guitarlumber] 29/11/2022 22:24

Upcoming events on ENGIE

February/21/2023   FY 2022 Earnings Release

[adrian j boris] 28/11/2022 11:15

Part of the Montel Group

Belgium’s nuclear talks with Engie in deadlock


28 Nov 2022 09:28

Herman Moestue

Oslo

28 Nov 2022 09:28

(Montel) The Belgian government and nuclear operator Engie Electrabel are in deadlock about extending the lifetimes of Doel 4 (1 GW) and Tihange 3 (1 GW) until 2036, L’Echo reported. 


Talks were due to be concluded before year end but would likely be ...…

[ariane] 11/11/2022 19:34

Summary Previous dividend Next dividend

Status Paid Forecast

Type Final Final

Per share 85¢ Sign Up Required

Declaration date 15 Feb 2022 (Tue) –

Ex-div date 25 Apr 2022 (Mon) 16 May 2023 (Tue)

Pay date 27 Apr 2022 (Wed) 18 May 2023 (Thu)

[ariane] 11/11/2022 19:27

(Boursier.com) - Engie is up 1.55% to 14.2 euros, confirming Thursday's gains after a solid quarterly publication.

The company has reiterated its 'outperform' recommendation on the stock with a target adjusted from €17 to €17.5.


At current levels, and taking into account its dividend assumption, the group is trading on an implied yield level close to 10% for the current year and above 7% for the next two years.


In relative terms, Engie is trading at a discount of around 30% to its sector, close to its all-time high, the broker said.

Deutsche Bank ('buy') raised its target from €15 to €16, citing another solid set of results, with a very good performance from the trading business. Finally, Goldman Sachs upgraded the stock from EUR 19.5 to EUR 21.7 and confirmed its 'buy' rating.

Translated with www.DeepL.com/Translator (free version)