Energiser Investments Share Discussion Threads

[waldron] 12/7/2023 13:18

currently nearing a support level


Euronext Paris - 13:16:27 12/07/2023 BST


14.94 EUR +0.13%

[waldron] 11/7/2023 09:05

Euronext Paris - 09:03:45 11/07/2023 BST


15.03 EUR +0.86%

[waldron] 10/7/2023 08:29

It seems surprisingly in a down trend as resistance was not broken


Euronext Paris - 09:26:16 10/07/2023


14.93 EUR -1.06%

[waldron] 07/7/2023 20:49

Engie secures $400 million in financing for Chilean battery storage
July 07, 2023

Energy Storage News


The International Finance Corporation (IFC) has signed a US$400 million loan to Engie Energía Chile S.A. (ENGIE Chile) to fund the installation of new Battery Energy Storage Systems (BESS’).

The BESS’ (capacity yet unknown) will help facilitate the supply of clean energy to Chile’s National Electric System (SEN).

A member of the World Bank Group, this is IFC’s first sustainability-linked loan in Chile’s energy sector and is set to accelerate Engie’s decarbonisation programme in the country.

The financing package consists of US$200 million provided by the IFC; US$114.5 million from investors under IFC’s Managed Co-lending Portfolio Program; and US$35.5 million from ILX Fund, a Sustainable Development Goals (SDG)-focused investor under IFC’s B Loan Program.

IFC is also expecting to close a US$50 million parallel loan in the next few weeks, bringing the financing package to a total of US$400 million.

According to IFC, the loan was structured with the specific objective of decommissioning or converting ENGIE Chile’s remaining coal generation assets.

“IFC is mobilizing the necessary capital for sustainable innovation to promote decarbonization initiatives and adapt to global warming,” said Manuel Reyes-Retana, regional director at IFC.

[Lena Dias Martins]

[waldron] 07/7/2023 09:24

Euronext Paris - 10:23:36 07/07/2023


14.93 EUR -0.60%

[adrian j boris] 07/7/2023 06:41

ENGIE : A resistance level that suggests downside risk
Yesterday at 07:35

Entry price Target Stop-loss Potential

15.25 € 14 € 16 € -6.24%


After the strong price increase that has been seen over the past few weeks, it appears opportune to anticipate a correction phase for shares in ENGIE, as the resistance around 15.47 EUR approaches.

Summary

● Overall, and from a short-term perspective, the company presents an interesting fundamental situation.

● The company's Refinitiv ESG score, based on a ranking of the company relative to its industry, comes out particularly well.

Strengths

● The company's earnings per share (EPS) are expected to grow significantly over the next few years according to the consensus of analysts covering the stock.

● The company's attractive earnings multiples are brought to light by a P/E ratio at 9.22 for the current year.

● With regards to fundamentals, the enterprise value to sales ratio is at 0.74 for the current period. Therefore, the company is undervalued.

● The company is one of the best yield companies with high dividend expectations.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● Analysts covering this company mostly recommend stock overweighting or purchase.

Weaknesses

● According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.

[gibbs1] 06/7/2023 09:23

Euronext Paris - 09:22:13 06/07/2023 BST



15.10 EUR -1.29%

[the grumpy old men] 05/7/2023 14:40

Engie Raises Outlook on Strength of Global Energy Management and Sales


Engie increased its 2023 earnings guidance on Friday due to the strength of its global energy management and sales business.

[the grumpy old men] 05/7/2023 11:59

Euronext Paris - 11:57:44 05/07/2023 BST


15.47 EUR +0.09%

[waldron] 04/7/2023 15:00

ENGIE wins new contract to build 1,000km transmission lines in Brazil


By NS Energy Staff Writer 04 Jul 2023

The contract will create around 5,000 direct jobs for the construction phase, and help meet the demand for the flow of renewable energy generated in the Northeast region, to the Southeast region of the country


ENGIE has won a new concession contract for the construction of 1,006km of electric power transmission lines in the Brazilian states of Bahia, Minas Gerais and Espírito Santo.

The French utility company’s bid for lot 5 has been finalised in the auction organised by Brazil’s Electric Energy Agency (ANEEL).

The winning bid offered a final Annual Permitted Revenue (RAP) of R$249.3m ($13.4m).

Under the 30-year contract, Engie will provide engineering, construction, operation, and maintenance for four transmission lines, each with 500kV capacity.

The new transmission lines will run between Morro do Chapéu and Poções, Poções and Medeiros Neto, Medeiros Neto and João Neiva and João Neiva and Viana.

ENGIE said that the contract will help meet the demand for the flow of renewable energy generated in the Northeast region, to the Southeast region of the country.

The contract will also create around 5,000 direct jobs for the construction phase, strengthening its presence in the country, said the company.

ENGIE executive vice president networks activities in charge Cécile Prévieu said: “This success is an important step in the development of ENGIE’s electric power transmission activities. It also reinforces our position in Brazil, a key country for the Group for over 25 years.

“While contributing to the security of supply and resilience of the country’s energy system, this project will also enable better integration of renewable energies, thereby helping to accelerate the energy transition.”

ENGIE operates a total of nearly 6,000km of power transmission networks in Brazil and Chile, and installed more than 2,700km of new transmission lines in Brazil, since 2017.

The new contract will strengthen its position in Latin America’s electricity infrastructure sector and supports the growth of the electric power transmission network in Brazil, said ENGIE.

Last month, ENGIE and investment company Meridiam signed an agreement with Actis to fully acquire South Africa-based BTE Renewables for $1bn.

BTE Renewables is a developer, owner, and operator of renewable assets on the African continent, with an operating presence in South Africa and Kenya.

[grupo guitarlumber] 04/7/2023 08:36

Euronext Paris - 08:34:27 04/07/2023 BST


15.39 EUR +0.17%

Moving forever closer, can it crah thru resistance

[sarkasm] 03/7/2023 16:58

Euronext Paris - 17:37:03 03/07/2023


15.37 EUR +0.91%

Needs to break thru 15.474 euros resistance again

[waldron] 03/7/2023 10:02

pushed thru resistance, now must await confirmation

Euronext Paris - 11:00:31 03/07/2023


15.53 EUR +1.97%

[the grumpy old men] 02/7/2023 08:35

Approaching Strong Resistances


15.23 EUR +1.51%

[waldron] 30/6/2023 08:42

News Highlights: Top Company News of the Day
30 June 2023 - 09:30AM
Dow Jones News


Engie Raises Outlook on Strength of Global Energy Management and Sales


Engie increased its 2023 earnings guidance on Friday due to the strength of its global energy management and sales business.

[waldron] 29/6/2023 13:34

Agreement reached for extended operation of Belgian reactors

29 June 2023


French utility Engie and the Belgian federal government have signed an interim agreement defining the terms for the extended operation of the Doel 4 and Tihange 3 nuclear power units by ten years. A final agreement is expected next month.

"This agreement aims to ensure a balanced distribution of risks between the two parties and to eliminate uncertainties concerning future changes in provisions related to the treatment of all nuclear waste," they said in a joint statement.

Under a plan announced by Belgium's coalition government in December 2021, Doel 3 was shut down in September 2022, while Tihange 2 shut down at the end of January this year. The newer Doel 4 and Tihange 3 would be shut down by 2025. However, in March last year the Belgian government decided to start talks with Electrabel - the Belgian subsidiary of Engie - with a view to extending the operation of Doel 4 and Tihange 3, allowing for the retention of 2 GWe of nuclear generation capacity. In July, the government and Electrabel signed a non-binding Letter of Intent on continuing negotiations on the feasibility and terms for the operation of the reactors for a further ten years. The two sides aimed to agree a binding legal agreement by the end of December. On 9 January, a non-binding agreement in principle was signed that "concretises the elements" of the Letter of Intent signed in July.

The parties said the new interim agreement builds on the 9 January agreement and defines the terms for the extended operation of the two reactors.

It calls for "the commitment from both parties to use their best efforts to restart the nuclear units of Doel 4 and Tihange 3 as early as November 2026, or, subject to the effective implementation of an announced relaxation of regulations, as early as November 2025, with the aim to strengthen the security of supply in Belgium".

The agreement also says a legal structure will be established, jointly owned by the Belgian State and Engie, aligning the interests of both parties and guaranteeing long-term commitments.

A business model of the extension is also defined with balanced risk allocation, notably through a contract for difference mechanism with incentives for the operator to achieve favourable technical and economic performance at the plants.

It also defines an agreement on the fixed amount of future costs related to the management of radioactive waste - based on the work and expertise of Ondraf/Niras, the Belgian agency for the management of radioactive waste - covering all of Engie's reactors in Belgium, for a total amount of EUR15 billion (USD16.4 billion). This amount also includes a risk premium of 43% and is paid in two installments: in 2024 for intermediate and high-level waste to be disposed of in geological repository; and at the start of the extended operation of the reactors for low-level waste intended for surface storage.

This is in addition to the amounts already provided for the decommissioning of Engie's reactors in Belgium, for which the company bears the full costs. The total nuclear obligations of the Engie group towards Belgium amount to at least EUR23 billion euros. As a result of the transfer of all nuclear waste liabilities to the Belgian government, Engie will no longer be exposed to the evolution of future costs related to the management of waste.

The agreement has been approved by Engie's board of directors and by the Belgian government. The implementation of the agreement is planned for the end of July.

"After several months of intense and constructive dialogue with the Belgian government, we are pleased with the signing of this balanced agreement for both parties," said Engie CEO Catherine MacGregor. "It provides Engie with the necessary visibility on the total amount related to nuclear waste management and significantly reduces the risks linked to the extension of the two units. This is a new fundamental step towards the extension of Doel 4 and Tihange 3, for which Engie is fully and responsibly committed."

"The extension of the Doel 4 and Tihange 3 nuclear power plants by ten years has now been established," added Belgian Prime Minister Alexander De Croo. "This agreement is important for the security of supply of our families and companies. It strengthens our electricity supply, reduces our country's energy dependence and guarantees the production of carbon-free, affordable electricity in Belgium. I would like to thank the management of Engie for all the work over the past months to reach this agreement."

Researched and written by World Nuclear News

[grupo guitarlumber] 27/6/2023 13:07

Upcoming events on ENGIE

July/28/2023 | 07:15am Interim 2023 Earnings Release

[gibbs1] 22/6/2023 06:45

Posco, Engie, PTTEP and Samsung among partners for $7 billion green hydrogen project in Oman

Consortium envisages first exports of green ammonia to South Korea in 2030



22 June 2023 3:17 GMT Updated 22 June 2023 3:17 GMT
By Amanda Battersby
in Singapore

A consortium led by Engie and Posco, and which includes PTTEP and Samsung Engineering, has ambitious plans for a potential $7 billion green hydrogen project in Oman.

The consortium has been awarded the 340-square kilometre onshore concession Z1-02 in Duqm as part of the Hydrom Phase A Round 1 call for projects; downstream elements of the proposed H2 project will be constructed at the Port of Duqm.

The co-venturers plan to develop a green ammonia project with capacity of 1.2 million tonnes per annum. The other partners in the consortium are Korea East-West Power and Korean Southern Power Company.

The project will include up to approximately 5 gigawatts of new wind and solar capacity, battery energy storage system and a renewable hydrogen plant with a capacity of approximately 200,000 tpa. The hydrogen will then be transported by a new hydrogen pipeline to the Special Economic Zone at the Port of Duqm where it will feed the ammonia production plant.

The aim is to be exporting 1.2 million tpa of green ammonia to South Korea in 2030.

Engie detailed the project’s contract as lasting for 47 years, broken down into a seven-year development and construction phase followed by a 40-year operational period.

Construction is projected to begin in 2027, with the first shipment of green ammonia to Korea planned for the second half of 2030. The consortium will perform feasibility and technical studies, to finalise the exact capital expenditure requirement for the project.

Engie describes Hydrom as “the orchestrator and master planner of Oman's green hydrogen industry”.

"This venture will benefit from Engie's industrial expertise. By developing renewable energies, renewable hydrogen and flexible assets such as batteries, this project is perfectly in line with the group's strategy to accelerate the transition to carbon neutrality. It will contribute to several of our 2030 ambitions: Reaching 4 GW of hydrogen capacity and 10 GW of batteries," said Sebastien Arbola, executive vice president in charge of flex gen & retail activities.

This project, which reaffirms the French energy giant’s commitment to accelerating the Gulf Cooperation Council's low-carbon transition, is also in line with Korea's national decarbonisation target, which aims to reduce the country's carbon footprint by 40% by 2030, noted Engie.

PTTEP chief executive Montri Rawanchaikul confirmed its subsidiary FutureTech Energy Ventures and the consortium partners had been awarded the green hydrogen block and entered into a project development agreement and a sub-usufruct agreement with Oman government subsidiary Hydrom.

While the majority of the green hydrogen will be used to manufacture ammonia for export, the remaining green hydrogen will be for Oman’s domestic consumption. Construction is expected to take place in 2027, followed by targeted commercial operations date in 2030, said PTTEP.

"Oman is at the forefront when it comes to driving substantial development in green hydrogen. Being granted the exclusive rights for this large-scale project is a significant milestone for PTTEP and our partners in expanding business into clean energy in one of the world’s high potential areas for renewables,” said Montri.

“PTTEP will leverage our experience and understanding of the energy business in Oman for over 20 years to contribute to the project development. The participation in this green hydrogen project will reinforce other developments of new form of energy in the future, supporting our goal to become a low-carbon organisation.”

The Thai national company already has upstream and midstream assets in the Middle East nation including producing oil and gas fields and a stake inn Oman LNG, the country’s only liquefied natural gas project.

[florenceorbis] 21/6/2023 08:37

[France] ENGIE (ENGI)

Euronext Paris - 09:36:42 21/06/2023


14.19 EUR -0.81%

[sarkasm] 20/6/2023 10:49

[France] ENGIE (ENGI)

Euronext Paris - 11:43:24 20/06/2023

14.27 EUR +0.69%

one of the very few shares today in positive territory

[waldron] 19/6/2023 12:27

[France] ENGIE (ENGI)

Euronext Paris - 12:21:51 19/06/2023 BST


14.15 EUR -1.43%

Nearing 13.96 euros Support

[waldron] 18/6/2023 07:52

Hoping for a trend up in the coming week

By late July it is is also hoped share price is substantially higher when Results Reported

Perhaps wishful thinking as markets certainly unpredictable these days

[adrian j boris] 17/6/2023 08:38

[France] ENGIE (ENGI)


Euronext Paris - 16:37:08 16/06/2023 BST


14.36 EUR +0.93%

Needs now to break convincingly thru Resistance