Energiser Investments Share Discussion Threads

[waldron] 26/7/2024 12:44

Engie
14.35 +0.63%

[waldron] 25/7/2024 07:16

TotalEnergies Buys Stake in RWE Wind and Green Hydrogen Project

By Francois de Beaupuy

July 24, 2024 at 12:04PM EDT


(Bloomberg) -- TotalEnergies SE agreed to buy a 50% stake in RWE AG’s project to build an offshore wind farm in Dutch waters, with a view to produce green hydrogen for the oil major’s European refineries.




Last month, TotalEnergies signed a 15-year contract to buy 70,000 tons a year of green hydrogen from Air Products & Chemicals Inc. for its northern European refineries from 2030. The French energy firm is also developing projects to produce green and low-carbon hydrogen with Engie SA and Air Liquide SA for its refineries and biofuel plants in France.

--With assistance from Petra Sorge.

Bloomberg L.P.

[gibbs1] 22/7/2024 20:20

Engie
14.155 -0.35%

[la forge] 21/7/2024 04:47

Friday 02 August, 2024


Publication of H1 2024 financial results

cheers W
ROLL ON AUGUST

[waldron] 19/7/2024 20:30

The Deacon
19 Jul '24 - 20:20 - 2828 of 2828
0 1 0



Engie hedges 89% of 2024 output at EUR 110/MWh

(Montel) French energy utility Engie had hedged 89% of its expected nuclear and hydropower output this year at EUR 110/MWh by the end of June, down EUR 8 from the previous quarter, it said on Thursday.

Reporting by: Sophie Tetrel
18 Jul 2024 | 10:16


From 2026, the output only included French generation as Belgian nuclear production would be sold under a regulated tariff, Engie said in a preliminary financial report.

Last year, the firm sold its power output at EUR 98/MWh, up from EUR 90/MWh in 2022.

French spot prices had averaged about EUR 46/MWh since the beginning of the year on the Epex exchange, nearly half of last year’s EUR 97/MWh level and six times less than in 2022 during the energy price crisis.

Lower nuclear output

Meanwhile, Engie’s nuclear output in France and Belgium rose 0.6 TWh year on year to 7.5 TWh in the April-June period, though it was down 0.3 TWh overall to 16 TWh in the first half of 2024 due to the lower availability of Belgian reactors in Q1.

Engie operates five reactors in Belgium at the Doel and Tihange sites with a total capacity of 3.9 GW. It also owns 1.2 GW stakes in the Chooz (3 GW) and Tricastin (3.7 GW) nuclear plants in France.

Meanwhile, the utility’s hydropower production rose 1.1 TWh year on year to 5 TWh in the second quarter, while it was up 2.3 TWh in H1 compared to the same period last year.

Engie is due to publish its H1 financial report on 2 August.

Edited by: Robin Newbold

[the deacon] 19/7/2024 20:20

https://montelnews.com/news/1c16cdec-2191-47d9-b13e-6bcfaf15442c/engie-hedges-89-of-2024-output-at-eur-110-mwh

[the deacon] 19/7/2024 20:17

https://clubofmozambique.com/news/mozambique-more-than-200000-families-connected-to-solar-energy-engie-262182/'...More than 220,000 families in Mozambique have been connected to solar energy generated through a project developed by the French company Engie Energy Access, in an investment totalling more than €18.3 million, the company announced on Thursday.The number of households covered by the Engie Energy Access operation corresponds to more than 1.2 million people in ten of Mozambique's 11 provinces, the French company said in a statement...'

[waldron] 13/7/2024 20:13

Friday 02 August, 2024



Publication of H1 2024 financial results

[grupo guitarlumber] 10/7/2024 12:01

Are next results to be reported on 1st August

needs confirming

Possible as GTT Reporting on the 25th july

[grupo] 09/7/2024 10:28

Engie
14.255 +0.28%

[waldron] 06/7/2024 08:32

Engie secures ADB loan for 400MW solar project in India

The solar plant in Surendranagar will generate 805GWh annually over 25 years.
July 5, 2024


Engie’s subsidiary, Enren Energy, will oversee the implementation of the solar project.

The Asian Development Bank (ADB) has finalised a long-term loan arrangement with Engie for the development and operation of a 400MW solar power facility in India.

This financial support aligns with the Indian government’s objective of at least 500GW of non-fossil fuel energy capacity by 2030.

Led by ADB as mandated lead arranger, the financing package totals Rs14.6bn ($175.9m).

The loan is equally divided between ADB and the Asian Infrastructure Investment Bank, each contributing Rs7.3bn.

To be located in the Surendranagar district of Gujarat, the plant will generate an average of 805 gigawatt-hours (GWh) annually over 25 years.
See Also:


This output will avoid 662,441 tonnes of CO₂ emissions annually.




Engie India CEO and country manager Amit Jain stated: “In collaboration with ADB, we’re bringing a landmark 400-megawatt solar project to Surendranagar, Gujarat, marking a significant stride in India’s clean energy journey.

“This venture not only aligns with our green power goals but also catalyses local job creation, reinforcing our pledge to India’s nonfossil fuel future, firming our commitment to India’s energy transition.”

Engie’s subsidiary, Enren Energy, will oversee the project implementation of the solar project. Gujarat Urja Vikas Nigam is the sole purchaser of the generated electricity.

ADB private sector operations director general Suzanne Gaboury stated: “The private sector’s engagement in the fight against climate change is pivotal for achieving a clean energy transition in Asia and the Pacific.

“This project exemplifies how ADB, as the region’s climate bank, supports the private sector in developing renewable energy projects through long-term local currency financing typically unavailable in local capital markets.”

The Indian government has provisionally approved TUECO’s [the Tezpur University Employees’ Co-op Credit & Thrift Society, a joint venture between UJVN and THDC India] proposed coal-based thermal power plant in Uttarakhand, Indian news agency PTI has reported.



POWERTECHNOLOGY.COM

[waldron] 05/7/2024 20:57

Engie is building one of the largest battery parks in Europe in Vilvoorde

5 July 2024

Engie has started building one of the largest battery parks in Europe in Vilvoorde.

By building batteries, the energy company wants to respond to the growing demand for flexibility on the electricity grid.

Today, more and more electricity is generated by solar panels and wind turbines. However, these renewable energy sources also produce electricity when there is little demand, and conversely, they do not always produce enough when there is a higher demand. “The gap between production and demand is increasing,” explains Engie Belgium CEO Vincent Verbeke. "To absorb these fluctuations between supply and demand on the grid, there is a need for more flexibility."

The company is building, among other things, a new 875-megawatt gas-fired power station in Flémalle and already has the largest natural battery in the country, the Coo hydroelectric power station, in its portfolio. It wants to expand this flexible capacity by building additional battery parks.

In Vilvoorde, 250 million euros will be invested in what will become one of the largest battery parks (200 megawatts) in Europe. By 2025, the park will be able to store 800 megawatt hours of electricity. If solar panels and wind turbines generate excess energy and there is a period of high demand, the battery can inject electricity into the grid for up to four hours. This can cover the power consumption of almost 100,000 households.

Engie also wants to build battery parks in Kallo and Drogenbos. “Batteries are highly complementary to energy from wind and sun,” says Verbeke. "Our ambitions in this regard are great."
​

#FlandersNewsService | BELPRESS


Energy company Engie wants to invest 4bn euros in Belgium by 2030
Energy group Engie is poised to invest up to 4 billion euros in Belgium. The company plans to triple renewable energy capacity and put more focus...


belganewsagency.eu faviconbelganewsagency.eu

[gibbs1] 05/7/2024 15:01

Engie
14.32 +1.56%

[grupo guitarlumber] 04/7/2024 21:07

Engie
14.1 +0.86%

[waldron] 29/5/2024 06:32

Veolia, Waga Energy, Engie to Collaborate for Development of France's Renewable Natural Gas Industry

May 29, 2024 at 05:57 am

(MT Newswires) -- Veolia Environnement (VIE.PA), Waga Energy (WAGA.PA) and Engie (ENGI.PA) are collaborating to further develop the renewable natural gas, or RNG, industry in France, according to a Tuesday news release.

The trio have been working together under the longest biomethane purchase agreement ever signed in France. Under the deal, the biomethane producer Waga sells to independent power producer Engie the RNG from resource management group Veolia's Val Pôle facility in the Claye-Souilly commune in France.

The agreement allows Engie to market unsubsidized RNG to its customers. According to Veolia, the commissioning of its facility also helps reduce carbon dioxide emissions.

[the grumpy old men] 17/5/2024 06:03

Engie Chile hikes 2024 capex estimate, rules out coal-fired plant biomass conversion project

Bnamericas Published: Thursday, May 16, 2024

Market Prices and Forecasts Biomass Onshore Wind Photovoltaic Energy Storage
Engie Chile hikes 2024 capex estimate, rules out coal-fired plant biomass conversion project

Chilean power generator Engie has increased its 2024 capex estimate to US$555mn, up from an earlier forecast of US$530mn.

Forecast outlay for this year corresponding to renewables and battery energy storage, or BESS, systems is now US$235mn and US$170m, respectively.

Earlier in the year, the generator estimated renewables/BESS capex of US$380mn, relating to the under-construction Lomas de Taltal wind park (342MW, US$468mn) and to the BESS Tamaya (68MW, US$128mn) and BESS Capricornio (48MW, US$76mn) storage projects.

The US$25mn upward renewables/BESS revision reflects the recently announced 116MW BESS Tocopilla project, which is due online in 4Q25 and will ramp up the company’s installed energy storage capacity to 371MW.

With a price tag of US$180mn, BESS Tocopilla is being built at Engie’s former Tocopilla thermoelectric complex, taken offline in September 2022.

“One of the reasons we’re building storage, BESS, at existing sites, is of course, there are synergies,” Engie Chile CFO Eduardo Milligan said. "That's why, today, we’re building BESS first in all our existing sites."

Citing the Tamaya and Capricornio battery systems, installed at company solar PV parks, he underscored the benefits in terms of reducing curtailment, a situation impacting multiple renewables generators. "Adding batteries in this context makes a lot of sense, because we’re able to charge these batteries during the day and to use them during non-solar hours when spot prices are not set by renewables but are set by thermal power plants like natural gas or coal."

Engie has 574MW of renewables/BESS capacity under construction, which will boost its clean energy park to 1.5GW. The company has 584MW of further capacity – wind, solar and battery storage – in the development phase.

Engie is looking to expand its generation footprint in the center-south part of the country, which tends to have a different wind generation profile compared with the north.

The investment outlook hinges on successful monetization of around US$333mn of receivables owed under an end-user price stabilization mechanism, the call was told.

In 2026, Engie expects to have, overall, 3.1GW of installed capacity, with renewables/BESS accounting for 66% and natural gas the balance.

COAL RETIREMENT

The company has sought the green light from national energy commission CNE to take the Andina (CTA) and Hornitos (CTH) units at its CTM complex, for a combined 350MW, offline by end-2025. This would result in Engie fully exiting the coal-fired generation segment. Fellow generator Enel has exited coal and AES Andes is working to achieve this by the end of 2027 at the latest.

CNE has authorized Engie to retire two other CTM units, for a combined 334MW, and convert its 377MW IEM plant to natural gas, a project due to be carried out in 2026, the company’s 1Q24 results call heard.

BIOMASS CONVERSION RULED OUT

Engie has also been given the environmental nod to convert units CTA and CTH to biomass. That was an original plan, from 2019.

Milligan said, however, biomass conversion was not viable.

"The biomass market is not sufficiently developed to reconvert both units to biomass now; this is why what we have today in our pipeline is to disconnect them in coal mode, and to continue evaluating other alternatives for them,” Milligan said.

"We might keep them mothballed; we will continue keeping them, let's say, under maintenance with limited capex per year until we find other options for them, which could be conversion to other technology, which could be to provide ancillary services to the system, or if we don't find any alternatives for them after some years, we will completely disconnect them."

[waldron] 19/4/2024 15:58

ENGIE FY 2023 results

Another year of strong growth in results underpinned by successful execution of our strategy

Proposed dividend of €1.43 per share for 2023

Robust medium-term outlook 2024 – 2026

[waldron] 19/4/2024 15:50

Latest Dividends

Summary Previous dividend Next dividend

Status Paid Declared

Type Final Final

Per share 140¢ 80.5¢PLUS SPECIAL DIVI

Declaration date 24 Feb 2023 (Fri) 22 Feb 2024 (Thu)

Ex-div date 28 Apr 2023 (Fri) 02 May 2024 (Thu)

Pay date 03 May 2023 (Wed) 06 May 2024 (Mon)

[waldron] 16/4/2024 07:30

ENGIE : Deutsche Bank keeps its Buy rating

April 15, 2024 at 05:42 am EDT

James Brand from Deutsche Bank retains his positive opinion on the stock with a Buy rating.


The target price has been raised to EUR 16.50 from EUR 16.00.

[waldron] 02/4/2024 17:56

Latest Dividends

Summary Previous dividend Next dividend

Status Paid Declared

Type Final Final

Per share 140¢ 80.5¢

Declaration date 24 Feb 2023 (Fri) 22 Feb 2024 (Thu)

Ex-div date 28 Apr 2023 (Fri) 02 May 2024 (Thu)

Pay date 03 May 2023 (Wed) 06 May 2024 (Mon)

[the grumpy old men] 01/3/2024 17:25

Euronext Paris 11:35:08 2024-03-01 am EST


After market 12:24:37 pm


14.7 EUR -0.94%

[waldron] 28/2/2024 10:47

Euronext Paris 05:45:39 2024-02-28 am EST


14.72 EUR +0.23%

[waldron] 22/2/2024 08:35

Engie raises targets for 2024
February 22, 2024 at 03:20 am EST

On the occasion of the publication of its 2023 results, Engie has raised its targets for 2024, now aiming for recurring net income, group share, of between 4.2 and 4.8 billion euros, and EBIT excluding nuclear power of between 7.5 and 8.5 billion.

For the year just ended, the energy group posted recurring net income, group share of 5.4 billion euros and EBIT excluding nuclear power of 9.5 billion, representing organic growth of 2.7% and 18.3% respectively.

These results testify to the progress we have made in executing our strategy, and confirm our ability to evolve in a volatile energy market environment", comments CEO Catherine MacGregor.

For 2023, the Board of Directors proposes to distribute 65% of the Group's recurring net income, representing a dividend of 1.43 euros per share. This proposal will be submitted to the AGM on April 30.

CercleFinance.com.