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Energiser Investments Plc LSE:ENGI London Ordinary Share GB00B06CZD75 ORD 0.1P
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  0.00 0.0% 0.65 0.00 01:00:00
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- O 0 0.65 GBX

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Date Time Source Headline
06/9/202107:00UKREGDrumz Plc Investment and Update
01/9/202110:47UKREGDrumz Plc Holding(s) in Company
18/6/202112:30UKREGDrumz Plc Result of AGM
18/6/202107:00UKREGDrumz Plc AGM Statement
27/5/202107:00UKREGDrumz Plc Holding(s) in Company
25/5/202113:12UKREGDrumz Plc Notice of AGM and Accounts sent to shareholders
21/5/202107:00UKREGDrumz Plc Annual Financial Report
13/4/202107:00UKREGDrumz Plc Holding(s) in Company
30/3/202107:00RNSNONDrumz PLC Contract wins by investee company
23/3/202107:00RNSNONDrumz PLC Contract wins by investee company
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26/9/2021
09:20
Energiser Investments Daily Update: Energiser Investments Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker ENGI. The last closing price for Energiser Investments was 0.65p.
Energiser Investments Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 61,162,956 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Energiser Investments Plc is £397,559.21.
24/8/2021
09:00
la forge: ENGIE: Medium Term Transformation In Progress Aug. 24, 2021 1:56 AM ETENGIE SA (ENGIY), ENGQF Summary ENGIE has agreed to the sale of its 11.5% stake in GRTgaz at an attractive RAB premium of c. 48%. With other planned disposals also in progress, the strategic shift appears to be on track. Yet, shares trade well below EU peers despite the re-rating potential and the c. 4% yield on offer. ENGIE (OTCPK:ENGIY), a French-based global utility company supplying electricity, gas, and energy services, may have outperformed yet again at its H1 '21 results, but the key highlight was the disposal of its stake in GRTgaz for a c. €1.1 billion price tag (implying a considerable premium to the RAB ("regulated asset base"). Beyond the highly favorable valuation benchmark the sale provides for Engie's gas infrastructure assets, it also illustrates that management is progressing well on its medium-term strategy to simplify the company. As such, I am bullish on Engie's plans to create a more straightforward infrastructure/renewable-focused group over the medium term and see a clear re-rating path ahead. In the meantime, shareholders get paid a c. 4% dividend yield to wait. Making Progress on GRTgaz with Latest Stake Sale Alongside its earnings results, Engie has signed a binding agreement with Caisse des Dépôts and CNP Assurances (both already minority shareholders) for the sale of its 11.5% stake in GRTgaz (gas transmission in France). The agreement values the GRTgaz group's total equity at €9.75 billion or an enterprise value of €14.6 billion, implying a c. 12x EV/ EBITDA valuation. In turn, the sale price also implies a RAB premium of c. 48%, which is certainly impressive for a minority stake in gas networks. In addition to the partial reduction in Engie's holding, the transaction will also feature a simplification of the GRTgaz group structure, which will lead to GRTgaz taking full ownership of Elengy (up from c. 82% currently). I view the transaction as a significant positive – not only does it represent another value crystallizing disposal for the group (implying a 1-2% positive impact on Engie's market cap), but it also helps to reduce Engie's net financial debt by c. €1.1 billion. From a broader perspective, the accretive sale also validates the case that there is value in the rest of the gas networks assets in the Engie portfolio despite the market remaining unwilling to capitalize the remaining c. 64% stake in GRTGaz at the implied deal multiple (note shares were slightly down post-announcement). Nonetheless, the deal is on track to close by year-end, and with similar disposals in the pipeline, I remain optimistic on a re-rating of the gas assets down the line. Medium Term Disposal Plan on Track Since the strategic shift outlined by management at its previous investor day, Engie has made impressive progress, disposing of its 29.9% stake in Suez for €3.3 billion and signing the sale of EVBox for c. €200 million, leading to a total of €3.6bn in the last year. Engie has since guided for a €9-10 billion disposal plan from 2021-2023, including Customer Solutions business Equans and another c. €2 billion tranche of disposals. On the former, expect steady news flow over the upcoming month – per recent news reports, Engie is kicking off an auction process for some of its services assets, with initial bids (expected in September) already valuing Equans in the €5-6 billion range. On the other hand, there will be some dilution at the EBIT level from the medium-term disposal plan – management has guided for a c. €700 million EBIT dilution scenario over the 2021-2023 period, mainly from the planned Equans sale. On balance, however, I view the disposals as a net positive, as it helps to de-risk the overall group, and depending on how the sale of Equans is structured, Engie still has options to manage the dilution side of the rotation (e.g., by executing in stages). With commodity prices also on the rise, expect higher profitability for Engie's supply activity and potentially its IPP business as well, both of which should help offset any earnings headwinds ahead. Strategic Transition to Infrastructure Underpins Incremental Upside In addition to the disposal plans, shareholders also stand to gain from a focus on infrastructure-like activities such as regulated networks, renewables developed on the balance sheet, along with contracted heating/cooling and cogeneration. A simpler group structure producing a visible and steady earnings stream on which the market can apply similar multiples to other bond proxy utilities in the sector (e.g., renewables peers) would likely be accretive. Assuming successful execution, the strategic shift should support a material re-rating of Engie's other activities, supporting the case for value unlocking ahead. Source: Engie Strategic Update Presentation Slides (2021) Alternatively, the planned transition would also make Engie a compelling M&A target for infrastructure or oil & gas funds/companies (with a lower cost of capital) looking to redeploy capital away from fossil fuels. Furthermore, Engie is currently trading at a considerable valuation discount to peers Enel (OTCPK:ESOCF) and Iberdrola (OTCPK:IBDRY) despite operating out of northern Europe. Considering Enel and Iberdrola are tied to higher Italian and Spanish underlying sovereign yields, I think Engie should instead trade at a premium multiple (note French 10-year bonds are negative yielding while similar durations in Italy and Spain offer modest positive yields). Final Take Overall, I like where Engie is going with its strategy, and considering its progress on the planned disposals, I see further positive catalysts ahead. Yet, Engie shares have been range-bound in recent months, even moving down slightly after an excellent quarterly earnings release. This seems unjustified, especially with earnings already growing ahead of expectations, disposals coming in at good valuations, and a near-term catalyst in the form of the Equans sale ahead (targeted before year-end). Trading well below peers at the current EV/EBITDA of c. 7x despite a dividend yield of c. 4%, Engie remains a great pick in the EU utilities space.
08/7/2021
11:15
waldron: Umicore and ENGIE sign a long-term PPA to supply renewable electricity to Umicore’s cathode materials plant in Poland July 08, 2021 02:30 ET | Source: Umicore ... Umicore and ENGIE sign a long-term PPA to supply renewable electricity to Umicore’s cathode materials plant in Poland ENGIE and global materials technology group Umicore have entered into a long-term corporate Power Purchase Agreement (PPA) to supply Umicore’s greenfield plant with renewable electricity in Nysa, Poland. It will be the first plant in Europe to produce cathode materials, key ingredients of rechargeable Li-ion batteries for electric vehicles. ENGIE will provide green electricity from its existing 100%-owned wind park in Pągów, Opole province, located 80 km from Nysa. The wind park was commissioned in 2012. This is the first PPA signed by ENGIE with an industrial company in Poland. The PPA will allow ENGIE to secure the economic viability of the wind park beyond the end of the current subsidy scheme. At the same time, the PPA will contribute to Umicore’s roadmap towards carbon neutrality by 2035 and secure long-term renewable electricity supply for the plant in Nysa. Umicore is leading the charge in sustainability by driving renewable energy projects and its commitment contributes to maximizing the lifetime of renewables on the Polish grid. Umicore’s Nysa plant is the first industrial cathode materials production plant in Europe and is soon to be commissioned. Initial commercial production volumes are expected year-end. Umicore will be using 100% green power on site as of the start of the operations. Eric Stab, CEO of ENGIE North, South and Eastern Europe, said: “As one of the most industrialized countries in Europe, Poland will be key for Europe’s carbon neutrality objectives. ENGIE, as a major renewable energy producer, sees many opportunities to develop green corporate PPAs in Poland in the coming years, considering the carbon reduction commitments taken by many international and Polish companies. ENGIE’s purpose and strategy are fully aligned with this target and ENGIE is ready to support Umicore, one of its historical customers in Belgium, in reaching its carbon neutrality objective in Poland.” Marc Grynberg, CEO of Umicore, said: “We are very proud that our cathode materials production plant, the first in Europe, will be carbon neutral as of the start of production. This sets Umicore well ahead of its peers and is an important step in our race to achieve net zero GHG emissions by 2035.” About UMICORE : Umicore is a global materials technology and recycling group. It focuses on application areas where its expertise in materials science, chemistry and metallurgy makes a real difference. Its activities are organized in three business groups: Catalysis, Energy & Surface Technologies and Recycling. Each business group is divided into market-focused business units offering materials and solutions that are at the cutting edge of new technological developments and essential to everyday life. Umicore generates the majority of its revenues and dedicates most of its R&D efforts to clean mobility materials and recycling. Umicore’s overriding goal of sustainable value creation is based on an ambition to develop, produce and recycle materials in a way that fulfils its mission: materials for a better life. Umicore’s industrial and commercial operations as well as R&D activities are located across the world to best serve its global customer base. The Group generated revenues (excluding metal) of € 3.2 billion (turnover of € 20.7 billion) in 2020 and currently employs 10,800 people More information: Investor Relations Saskia Dheedene +32 2227 72 21 saskia.dheedene@umicore.com Eva Behaeghe +32 2 227 70 68 eva.behaeghe@umicore.com Media Relations Marjolein Scheers +32 2 227 71 47 marjolein.scheers@umicore.com About ENGIE : Our Group is a global reference in low-carbon energy and services. Together with our 170,000 employees, our customers, partners and stakeholders, we are committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. Turnover in 2020: 55.8 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe, Euronext Vigeo Eiris - Eurozone 120/ Europe 120/ France 20, MSCI EMU ESG, MSCI Europe ESG, Euro Stoxx 50 ESG, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG).
01/3/2021
08:44
ariane: ENGIE Multimedia content Links (1) All (1) Source: ENGIE | 15 minutes ago ENGIE acquires 100 MW Concentrated Solar Power plant in South Africa The plant is located in the Northern Cape of South Africa, which is also the location of ENGIE’s 100 MW Kathu CSP plant Print Share Favourite Copy text Get source logo Egalement disponible en Français JOHANNESBURG, South Africa, March 1, 2021/APO Group/ -- ENGIE (ENGIE-Africa.com) is pleased to announce that it has reached an agreement to acquire from Abengoa a 40% equity stake in Xina Solar One, a 100 MW Concentrated Solar plant, as well as 46% of the Operations & Maintenance Company. The plant is equipped with parabolic trough technology and a molten salt storage system that allows for 5.5 hours of energy storage to provide reliable electricity during peak demand. Power is contracted through a 20 years Power Purchase Agreement with Eskom (South African Electricity Public Utility). Xina Solar One is supplying clean energy to more than 95,000 South African households and prevents the emission into the atmosphere of approximately 348,000 tons of CO2 each year. The plant is located in the Northern Cape of South Africa, which is also the location of ENGIE’s 100 MW Kathu CSP plant. Xina Solar One increases ENGIE’s renewable footprint and is a further step to cementing its position as the leading Independent Power Producer in the country. Synergies between Xina and Kathu will be developed to further enhance the operational efficiency of both plants. “With the acquisition of this project, ENGIE is pursuing its low carbon strategy. Xina augments the country’s installed peaking power and reduces its dependence on coal-fired electricity. The 100 MW CSP plant also contributes to ENGIE’s geographic rationalization by expanding its footprint in South Africa, where it is the leading Independent Power Producer with 1,320 MW of installed capacity.” says Sébastien Arbola, CEO of ENGIE MESCATA. With the acquisition of this project, ENGIE is pursuing its low carbon strategy Mohamed Hoosen, CEO of ENGIE Southern Africa commented: “ENGIE is valued as a highly skilled IPP and a long-term player in the South African power industry. We are adding an innovative high-performing plant and are increasing our CSP capacity. This investment will create value over the longer term while accelerating impact on the energy transition of our customers.” Co-shareholders on Xina Solar One include Public Investment Corporation, a pension fund manager and a shareholder on ENGIE’s Kathu project (20%); Industrial Development Corporation, a development finance institution wholly- owned by the South African Government (20%); and Xina Community Trust, funded by the IDC (20%). Xina Solar One, which started commercial operation in August 2017, was built by Abengoa. Completion of the transaction is subject to the fulfillment of certain conditions including merger control clearance from relevant competition authorities. In South Africa, ENGIE has interests in a CSP plant (100 MW Kathu), a wind farm (94 MW Aurora), 2 solar photovoltaic plants (21 MW) and 2 thermal power peaking plants (670 MW Avon and 335 MW Dedisa). Distributed by APO Group on behalf of ENGIE. Press Contact: Email: engiepress.mescat@engie.com About ENGIE MESCATA: ENGIE (ENGIE.com) has a presence of almost 30 years in the Middle East, South & Central Asia, Turkey and Africa region. In the Middle East, it is the regional leading independent power & water producer with a gross capacity of 30 GW of power and 5.5 million m3/day of water production, serving over 40 million people daily with power and 10 million with potable water from desalination. In Africa, the Group has 3.15 GW of power generation capacity in operation or construction and is South Africa’s first Independent Power Producer. It is a leader in the decentralized energy market, providing clean energy to more than five million people through domestic solar installations and local microgrids. ENGIE’s renewable portfolio exceeds 2,300 MW of power in India and Africa. In the Middle East, the Group is a regional leader in district cooling through Tabreed, in which it has a 40% stake, and which currently delivers over 1.4 million tons of cooling across 86 plants in the GCC. ENGIE is also a leading provider of Customer Solutions in the Gulf region and Morocco. For more information : ENGIEMiddleEast.com and ENGIE-Africa.com. About ENGIE: Our group is a global reference in low-carbon energy and services. Together with our 170,000 employees, our customers, partners and stakeholders, we are committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. Turnover in 2020: 55.8 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).
24/2/2021
07:36
ariane: Engie Fabricom's CEO departs as engineering giant faces up to another loss-making year Group's £25m bailout comes as it wins new work in offshore wind By David Laister Business Live Editor (Humber) 00:45, 24 FEB 2021Updated07:02, 24 FEB 2021 Manufacturing Engie Fabricom has parted company with long-serving Richard Webster, who was appointed chief executive in 2018, as it faces up to a second successive year of losses. Engie Fabricom has parted company with long-serving Richard Webster, who was appointed chief executive in 2018, as it faces up to a second successive year of losses. South Bank engineering giant Engie Fabricom has parted company with its chief executive as it prepares to report another loss-making year. Long-serving Richard Webster has left the multi-disciplined operator as it was understood the past 12 months had exacerbated the company’s position, with a £25 million injection of fresh capital by the French parent group received to support its trading position. Accounts for 2019 remain outstanding at Companies House for the Grimsby-headquartered giant, having been due at the year end. It had started 2020 with a reported £7 million loss. That was attributed to a “long-running challenging project” that was £6 million in the red. Downturns in the oil and gas market prior to the pandemic had also hit the Europarc business hard. Engie Fabricom's with last reported revenues were at £67 million, with almost 300 staff. Mr Webster, who had been with the business for 25 years, serving as chief financial officer and chief operations officer prior to taking the top role in early 2018, has not responded to an approach, with the business not addressing his termination as a director when contacted. A statement from Engie Fabricom said: “During 2020, we continued to operate as a multi-disciplined engineering, project management and construction company, however we have experienced challenging market conditions. Engie Fabricom's Immingham manufacturing and construction facility spans 13,615 acres, and can deal with major projects. “The impact of Covid-19, and a number of other challenges, some beyond our control, have meant that we suffered a financial loss. “Our parent company continue to support us, recently investing £25 million in share capital into Engie Fabricom UK Ltd, demonstrating the confidence of our shareholders in the UK team, and in the company’s future. “We have recently secured a series of projects in the growing offshore wind sector and are currently delivering our specialist services on many of the UK’s leading offshore wind farms. “Engie Fabricom UK Ltd will continue to focus on being the partner of choice for our clients both new and old in 2021 and beyond.”
15/2/2021
12:32
waldron: Orange : joins forces with ENGIE to deliver a global renewable energy supply solution 02/15/2021 | 12:03pm GMT share with twitter share with LinkedIn share with facebook Orange is joining forces with ENGIE, the leading developer of solar and wind power in France, to deliver a global renewable energy supply solution in the country. This will involve creating new solar energy production capacities, managing the production of all renewable electricity capacities contracted by Orange with other producers and supplying additional volumes to cater to Orange's actual consumption. Ecoutez le contenu de la page avec notre synthèse vocale The 15-year Corporate Power Purchase Agreement (PPA) between Orange and ENGIE covers the development of two new solar projects totalling 51 MWp in L'Epine (38 MWp) and Ribeyret (13 MWp), both located in the Hautes-Alpes region. These two solar farms will be operational by 1 January 2023 at the latest. The regions covered by these solar projects will reap significant economic benefits: local companies will build, operate and maintain the sites, and rent will be collected and tax income generated by the facilities. Under this agreement, ENGIE will aggregate all of the renewable energy produced by the wind farms and solar plants for which Orange France signed a power purchase agreement. Furthermore, ENGIE will put its expertise in energy management to use to deploy a continuous energy strip that caters as closely as possible to Orange's actual consumption profile. Fabienne Dulac, Orange's Executive Vice-President and CEO of Orange France said: 'Reducing our environmental footprint is a major part of Orange's strategy. By 2025, the Group plans to reduce 30% of its direct CO² emissions compared to 2015 and reach an electricity mix made up of 50% renewable energy. Signing this agreement with ENGIE is extremely important in this regard; it illustrates our desire to be a major player in the field of power purchase agreements in France. We are proud to contribute to the country's energy transition and also proud of the economic development of the regions where new solar power facilities will be built.' 'We are proud to work with Orange France on building a prosperous, sustainable and low-carbon future. This PPA contributes to increasing the share of renewables on French territory and thus contributes to achieving the ambitious objectives of the multi-year energy program. This innovative contract illustrates ENGIE's expertise across the entire renewable electricity value chain and our ambition to accelerate our clients' energy transition. ', said Rosaline Corinthien, CEO of ENGIE France Renewables. About ENGIE Our group is a global reference in low-carbon energy and services. Our purpose ('raison d'être') is to act to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions, reconciling economic performance with a positive impact on people and the planet. We rely on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. With our 170,000 employees, our customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress. Turnover in 2019: 60.1 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance). ENGIE & renewable energies In the face of the climate emergency, ENGIE's purpose is to act to accelerate the transition towards a carbon-neutral economy. With 31 GW of renewable energy production installed throughout the world, the Group intends to take up the challenge of greening its clients' energy mix. In France, ENGIE is the leader in development of renewable solar and wind energy. The Group has a presence in all technological sectors and supports regions and companies in their carbon neutrality strategy. Its teams are spread all over France and operate 7.9 GW of renewable capacity (including 1.2 GW of photovoltaic capacity). ENGIE press contact: Tel. +33 (0)1 44 22 24 35 engiepress@engie.com ENGIEpress Investor relations contact: Tel. +33 (0)1 44 22 66 29 ir@engie.com Ariane CHAN 15/02/202112:46 CET Attachments Original document Permalink Disclaimer Orange SA published this content on 15 February 2021 and is solely responsible for the information contained there
08/12/2020
06:51
waldron: ENGIE North America partners with Hannon Armstrong to secure $172 million of investment for distributed solar-plus-storage portfolio engieservices.us (PRNewsfoto/ENGIE Services U.S.) News provided by ENGIE North America Dec 07, 2020, 16:45 ET Share this article HOUSTON and ANNAPOLIS, Md., Dec. 7, 2020 /PRNewswire/ -- ENGIE North America and Hannon Armstrong (NYSE: HASI), a leading investor in climate change solutions, announce a new partnership to jointly invest in a Distributed Generation (DG) portfolio of solar and solar-plus-storage assets located across the United States. The portfolio is comprised of a diversified set of community solar and commercial & industrial (C&I) ground-mounted, carport and rooftop solar and solar-plus-storage projects (around 70 MW in total) located across the U.S., including Massachusetts, Illinois, Vermont, California, Texas, and Arizona. "ENGIE is pleased to partner with Hannon Armstrong on this portfolio, which further demonstrates ENGIE's leadership and strong commitment to climate action goals towards its clients. This new partnership reinforces the ambitions of our organizations," said Gwenaëlle Avice-Huet, Executive Vice President, in charge of the Renewable and Hydrogen Business Units France, responsible for the Global Renewable Business Line and CEO of the North America Business Unit. "This program signals further forward momentum as we work alongside our customers towards a carbon neutral future." "We are delighted to expand our programmatic relationship with ENGIE with this latest agreement," said Hannon Armstrong Chairman and CEO Jeffrey W. Eckel. "This partnership highlights one of the key strengths of our historic core value proposition to clients of executing on scalable investment solutions for smaller, distributed clean energy projects that are essential to a climate-positive future." The agreement will allow ENGIE to rely on committed capital by Hannon Armstrong through December 31, 2021 to finance DG assets across the U.S. ENGIE will retain partial ownership and provide development, construction, operational, asset management, and administrative services. Hannon Armstrong will provide capital to ENGIE through a unique structure that will bring efficiency to a forward flow of projects, leveraging tax equity financing through an upper-tier arrangement with Morgan Stanley. Hannon Armstrong's collaboration with Morgan Stanley on this portfolio represents an expansion of the firms' relationship in recognition of Morgan Stanley becoming the first U.S. bank to commit to disclosing portfolio greenhouse gas emissions and backing the push toward unified measurement of financed emissions via the Partnership for Carbon Accounting Financials (PCAF). Distributed generation represents an important piece of ENGIE's U.S. solar-plus-storage market strategy as it represents a sizable share of the overall non-residential solar-plus-storage market. Distributed clean energy generation, including the community solar projects included in the portfolio, foster access to renewable energy and is a key component of the clean energy targets and ambitions of cities, communities, corporate and utility customers. ENGIE currently owns and operates approximately 300 MW of DG solar assets. About ENGIE North America ENGIE North America Inc. offers a range of capabilities in the United States and Canada to help customers decarbonize, decentralize and digitalize their operations. These include comprehensive services to help customers run their facilities more efficiently and optimize energy and other resource use and expense; clean power generation; energy storage; and retail energy supply that includes renewable, demand response, and on-bill financing options. Nearly 100% of the company's power generation portfolio is low carbon or renewable. Globally, ENGIE S.A. relies on their key businesses (gas, renewable energy, services) to offer competitive solutions to customers. With 170,000 employees, customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress. For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, www.engie-na.com and www.engie.com. About Hannon Armstrong Hannon Armstrong (NYSE: HASI) is the first U.S. public company solely dedicated to investments in climate change solutions, providing capital to leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $6 billion in managed assets as of September 30, 2020, Hannon Armstrong's core purpose is to make climate-positive investments with superior risk-adjusted returns. For more information, please visit www.hannonarmstrong.com. Follow Hannon Armstrong on LinkedIn and Twitter @HannonArmstrong. ENGIE North America Media Contact: Sandrine Deparis, sandrine.deparis@engie.com, (202) 855 3705 Hannon Armstrong Media and Investor Relations Contacts: Gil Jenkins, media@hannonarmstrong.com, (443) 321 5753 Chad Reed, Investors@hannonarmstrong.com, (410) 571 6189 SOURCE ENGIE North America
27/11/2020
15:37
waldron: Veolia Environnement SA's deal to buy a 29.9% stake in Suez SA from Engie SA has been in the works since late August, but the process has been anything but smooth. French waste-and-water-management company Veolia bought the stake in its peer from energy company Engie with its second bid. But Suez has been opposed from the beginning and a legal wrangle has ensued. On Nov. 19, court bailiffs seized documents from the offices of Veolia and Engie, as well as investment firm Meridiam, as part of a court order requested by Suez. Timeline August 2020 At the end of August, Veolia launched an initial bid for the 29.9% stake at 15.50 euros ($18.47) a share. Engie had previously initiated a strategic review that included a possible sale of its Suez stake, which meant Veolia's bid was considered likely to succeed. Analysts at Bryan Garnier said that it made sense for Engie to divest its Suez stake as part of wider streamlining, and that the acquisition would boost Veolia's international profile. September 2020 Suez, however, was opposed from the beginning of the deal. Management expressed its opposition to Veolia's approach in September, characterizing the bid as "hostile." Suez said the offer undervalued the company, and that it had concerns over antitrust issues and potential job cuts. On Sept. 17, Engie said it wouldn't accept the offer under the initial terms, but would be open to an improved offer. As expected, on Sept. 30, Veolia increased its bid to EUR18 a share, valuing the 29.9% stake at around EUR3.4 billion. October 2020 On Oct. 5, Veolia said Engie had accepted the offer. As part of the offer, Veolia would guarantee job security for all Suez employees in France, while Meridiam would acquire Suez's French water-activities arm to preserve competition after analysts raised the prospect of potential antitrust issues. Suez continued to oppose the deal, warning of "several serious anomalies" in the bid in a letter to French Finance Minister Bruno Le Maire. It also voiced support for a rival bid from private-equity firm Ardian, which had expressed interest in buying the stake from Engie. A twist came on Oct. 9, when a French court ordered the suspension of the stake purchase. The legal reasoning behind the suspension, requested by Suez, was that the company's social and economic committees hadn't been consulted over the deal. Veolia called the decision "incomprehensible" and "grotesque," arguing that only Suez management had the capability to organize such a consultation, and that its failure to do so was born of its opposition to the deal. Veolia said it would appeal the decision. November 2020 Early in November, Veolia confirmed that it still intended to make a full takeover bid for Suez, offering the same EUR18 a share price for the remaining share capital. It said the bid would be launched when the Suez board of directors showed itself amenable. Suez responded by noting the lack of a takeover offer to date, saying the only approach had been via media reports. Suez stressed that any takeover offer would have to reflect the company's value, as well as set out the detail of the combination and any asset sales. In an apparent further setback, Suez said on Nov. 19 that the Paris Court of Appeal had confirmed the earlier decision suspending the effects of the stake purchase. Since no committee consultation had been carried out before the deal was finalized on Oct. 5, the effects of the sale remained suspended until that took place, according to the ruling, Suez said. "Effects" in this context seems mostly to refer to the voting rights conferred on Veolia as holder of a stake in Suez. The company added that it had not received the necessary information from either Veolia or Engie to carry out the relevant employee consultations. For its part, Veolia insisted that Suez had told the court that it had finalized the consultation on Nov. 5, and that since the consultation period was three months, it would recover all its rights relating to the stake purchase on Feb. 5 at the latest. Suez, however, disputed this, arguing that the starting date for the consultation hadn't been fixed. The legal developments took a further twist on Nov. 26, when court bailiffs entered the offices of Engie, Veolia and investment firm Meridiam to seize documents relating to the deal, according to media reports. According to the reports, the court order was requested by Suez, which apparently suspected collusion between Veolia, Engie and Meridiam. Suez is also said to suspect that Meridiam's purchase of Suez Eau was agreed as early as July, even before Engie Chairman Jean-Pierre Clamadieu announced the company was considering selling its stake in Suez. What's Ahead Not only do the bones of contention remain unresolved, there isn't yet any agreement between the parties as to when they will be. Veolia says early February is the latest possible end to the consultation period Suez is insisting on; Suez disagrees. If and when these issues are resolved, Veolia will launch a full takeover bid for its peer. As for the document seizure, Veolia, Engie and Meridiam have the right to request a counter-judgment to the court order, in which case the documents seized would be held pending further legal developments, according to French law. Write to Joshua Kirby at Joshua.Kirby@dowjones.com (END) Dow Jones Newswires November 27, 2020 09:44 ET (14:44 GMT)
01/10/2020
20:48
waldron: Commodities News Show Guests Cannabis News Oil Gold Silver Commodities Videos Canopy Growth to distribute pot-infused beverages in U.S. next year Smiths Falls, Ont.-based Canopy Growth plans to launch its portfolio of cannabis-infused beverages in select U.S. markets next year as the pot giant aims to give U.S. pot consumers a new product format to try. BNN Bloomberg's David George-Cosh has the details. Add to Playlist Now Showing Canopy Growth to distribute pot-infused beverages in U.S. next year Canopy Growth to distribute pot-infused beverages in U.S. next year Up Next Legal pot market making inroads against illicit competition, OCS data shows Legal pot market making inroads against illicit competition, OCS data shows Important for First Nations people to 'keep pace' with industry: Natural Law Energy CEO Important for First Nations people to 'keep pace' with industry: Natural Law Energy CEO BNN Bloomberg's afternoon market update: October 1, 2020 BNN Bloomberg's afternoon market update: October 1, 2020 Pay off student loans and set a saving goal before planning to buy a home: Financial advisor Pay off student loans and set a saving goal before planning to buy a home: Financial advisor Continuous Play: ON OFF Commodities News Wire Company News Investing 3h ago Engie Pushes Back Deadline for Sale of Suez Stake to Veolia Francois de Beaupuy, Bloomberg News An Engie SA logo sits on display at the French energy giant’s Crigen gas, new energy and emerging technology research and development center in Stains, France, on Tuesday, Sept. 22, 2020. Veolia Environnement SA last month offered to buy 29.9% of Suez SA from French utility Engie for 2.9 billion euros ($3.4 billion), the first step to taking full control. Photographer: Cyril Marcilhacy/Bloomberg An Engie SA logo sits on display at the French energy giant’s Crigen gas, new energy and emerging technology research and development center in Stains, France, on Tuesday, Sept. 22, 2020. Veolia Environnement SA last month offered to buy 29.9% of Suez SA from French utility Engie for 2.9 billion euros ($3.4 billion), the first step to taking full control. Photographer: Cyril Marcilhacy/Bloomberg , Bloomberg (Bloomberg) -- Engie SA pushed back the deadline for accepting Veolia Environnement SA’s 3.4 billion-euro ($4 billion) bid for most of its stake in Suez SA, though there were limited signs the delay would ease the tensions between the French corporate giants. The extension to Oct. 5 gives Veolia extra time to formalize talks with Suez, potentially allowing for a smoother acquisition. But Suez has shown scant inclination to engage in discussions, saying Thursday it backed an alternative approach from private equity firm Ardian SAS -- one that Engie has already brushed aside. Suez Chairman Philippe Varin will talk with Veolia to get clarification on its project, which has “real flaws,” he said in an interview with Agence France-Presse Thursday. Ardian’s plan “will rapidly progress and reach maturity,” though getting a firm commitment in five days “would be a very ambitious target,” he told AFP. The wrangling over the sale of the 29.9% stake -- and eventual planned takeover -- has continued for a month. Veolia is pushing to create a waste and water utility with more than 40 billion euros in sales, while Suez has done all it can to thwart the proposal. The French government, which holds 24% of Engie, has appealed for calm as it seeks to avoid an acrimonious acquisition battle between two of the nation’s largest companies. Veolia on Wednesday raised its bid by 16% and offered employment guarantees in an effort to persuade Engie to sell the Suez shares. Engie’s board said the new price was in line with expectations, but it was still unwilling to go through with the deal. “There is room for discussion,” Engie Chairman Jean-Pierre Clamadieu told reporters late on Wednesday. “We wish that both parties take the opportunity of this period to talk so that conditions of a friendly offer be met.” Suez has fought hard to rebuff the approach. Last week it sought to frustrate Veolia’s plans by creating a so-called poison pill, making antitrust issues more complicated for its suitor. The utility has also attempted to assemble a competing offer for Engie’s stake. Ardian Approach Ardian said Thursday it had sent Engie a letter of intent to buy the Suez shares, and planned to put together a group of public and private investors -- mostly French -- to submit a friendly takeover offer. While Suez’s board supported the move, Clamadieu said that Engie had received only a vague expression of interest, which lacked a price, details of the bidders or their funding. The time for considering rival offers has passed, he said. Veolia said Wednesday it would make a tender offer for the remainder of Suez’s shares if Engie accepted its bid, but only on a friendly basis. The company proposed a period of six months for negotiations between the two sides to reach an agreement. If talks fail after that time, Veolia would present its offer direct to all shareholders, Chief Executive Officer Antoine Frerot said. Suez shares closed 2.2% higher at 16.15 euros in Paris Thursday, less than the 18 euros a share offered by Veolia. Veolia added 0.6%, while Engie gained less than 0.1%. (Updates Suez Chairman comments in third paragraph.)
21/2/2020
09:54
the grumpy old men: ENGIE : Africa brings Off-Grid Power to over 4 Million People, establishing its Position as Market Leader on the Continent share with twitter share with LinkedIn share with facebook share via e-mail 0 02/18/2020 | 09:51am GMT NAIROBI, Kenya -- ENGIE Africa (hxxp://www.ENGIE-Africa.com) is pleased to announce that it has successfully accelerated the Access to Energy (A2E) strategy that it launched in 2018. ENGIE has achieved this through the development of its three A2E off-grid energy solution companies: Fenix International, ENGIE Mobisol, and ENGIE PowerCorner. With these three innovative entities, ENGIE Africa is bringing decentralized electricity to more than four million people in nine countries (Uganda, Zambia, Kenya, Tanzania, Rwanda, Nigeria, Benin, Côte d'Ivoire, and Mozambique). This growth is in line with the Group's ambition to reach millions of households and businesses with clean, distributed energy across Africa. Fenix, which was acquired by ENGIE in 2018, expanded its operations significantly in 2019. To date, it has sold more than 700,000 solar home systems that power 3.5 million people in rural communities across six countries. Now employing 1,200 full-time team members, Fenix launched sales in Mozambique in June 2019. In the last month, the company has reached milestones in multiple markets, with 150,000 solar home systems sold in Zambia, 50,000 sold in Benin, and 20,000 sold in Côte d'Ivoire. ENGIE complemented its range of solar home system solutions by finalizing the acquisition of Mobisol in October 2019. The higher capacity (40--200W) of ENGIE Mobisol's products offers consumers access to modern energy services and appliances to establish solar-powered small businesses. ENGIE Mobisol has operations in Tanzania, Rwanda and Kenya, and has installed more than 150,000 solar home systems, providing clean and reliable energy to 750,000 people and counting in East Africa. Mini-grid developer and operator ENGIE PowerCorner now has 13 mini-grids in operation across two countries (Tanzania and Zambia), serving 15,000 beneficiaries. It is constructing new mini-grids in Uganda (in joint venture with Equatorial Power), Benin and Nigeria, with the aim to triple its number of customers this year. ENGIE PowerCorner focuses on powering income-generating activities and productive usages, thus contributing to the increase of the economic welfare of its rural customers. Fenix's inclusive solar home systems for household usages, combined with ENGIE Mobisol's focus on larger households and small business appliances, together with ENGIE PowerCorner's focus on income-generating activities and small-scale industries, enables ENGIE to offer affordable energy products and to extend its customer base from rural to urban areas. Yoven Moorooven, CEO of ENGIE Africa, says: "We strongly believe in the huge potential of the off-grid electrification sector and that it will be instrumental in rapidly and cost-effectively bridging energy gaps across Africa. We will build upon our successes to sustain and meet our long-term ambition of impacting tens of millions of lives across Africa. ENGIE has an important role to play in industrializing and scaling up the off-grid solar business. We are keen to offer the lowest cost and best quality Access to Energy solution that addresses our customers' needs." ENGIE is expanding its offerings beyond electricity provision, integrating cost-effective and tailor-made solutions "as a service" to accompany customers every step of the way. This expansion links energy access to other products and services: internet, water, productive appliances, clean cooking, financial services and products. Universal electrification is the seventhof the United Nations Sustainable Development Goals that the global community has committed to achieve by 2030. ENGIE is confident that universal access to energy is achievable in the foreseeable future, through smart investments in a combination of national grid extension, solar home systems and mini-grids. Distributed by APO Group on behalf of ENGIE. Media Contact: Tel.: +32 478 36 20 91 Email: katja.damman@engie.com About ENGIE Africa: ENGIE (Https://www.ENGIE.com/) is the largest independent electricity producer in the world, and one of the major players in natural gas and energy services. The Group has more than 50 years of experience on the African continent and has the unique ability to implement integrated solutions all along the energy value chain, from centralized electricity production to off-grid solutions (solar home systems, mini-grids) and energy services. ENGIE Africa employs nearly 4,000 people, and has 3.15 GW of power generation capacity in operation or construction. It is a leader in the decentralized energy market, providing clean energy to more than four million people through domestic solar installations and local microgrids.
07/12/2019
07:51
ariane: ENGIE : acquires Renvico and strengthens its growth in wind energy in Italy and in France share with twitter share with LinkedIn share with facebook share via e-mail 0 12/05/2019 | 04:51pm GMT Press release 5 December 2019 ENGIE acquires Renvico and strengthens its growth in wind energy in Italy and in France ENGIE announces the acquisition of Renvico from Macquarie Infrastructure and Real Assets (MIRA), via Macquarie European Infrastructure Fund 4, and from KKR with its co-investors. The onshore wind installed capacity of the Renvico comprises 329 MW of operating wind farms of which 142 MW in Italy and 187 MW in France. Renvico further develops a greenfield portfolio of 300 MW. Gwenaëlle Avice-Huet, ENGIE's Executive vice president in charge of Renewable Energy said: "This acquisition will contribute to ENGIE's growth ambitions, adding 9 GW worldwide by 2021, of which 3 GW in Europe. In France, this transaction will allow ENGIE to strengthen its onshore wind leadership, with a 2.1 GW installed capacity at the end of 2018. In Italy, ENGIE will double its onshore wind installed capacity, to reach more than 300 MW. ENGIE already supplies 100% green electricity for 2,9 million clients in France and 1 million clients in Italy. This new portfolio brings also an additional 300 MW capacity to be developed. It's a corner stone of our ambition to accelerate the zero carbon transition of our clients." In France, ENGIE is the leading producer of wind (2 100 MW) and solar power (1 200 MWp), and the leading alternative producer of hydropower energy (3 900 MW). ENGIE's renewable activities employ 2,500 staff. In Italy, ENGIE is the first operator for energy efficiency services. It currently employs 3,600 staff, managing the energy of 1 million customers, over 300 municipalities, 10,000 buildings and 3,500 schools. ENGIE provides also electricity and gas. The completion of the transaction is subject to Antitrust and Foreign Investment clearances. ENGIE Headquarters engie.com Tower T1 - 1 place Samuel de Champlain - Faubourg de l'Arche - 92930 Paris La Défense cedex - France ENGIE - A PLC WITH CAPITAL OF 2 435 285 011 EUROS - RCS NANTERRE 542 107 651 - Tel. +33 (0)1 44 22 00 00 About ENGIE Our group is a global reference in low-carbon energy and services. In response to the urgency of climate change, our ambition is to become the world leader in the zero carbon transition "as a service" for our customers, in particular global companies and local authorities. We rely on our key activities (renewable energy, gas, services) to offer competitive turnkey solutions. With our 160,000 employees, our customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress. Turnover in 2018: 60.6 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance). ENGIE HQ Press contact: Investors relations contact: Tel. France: +33 (0)1 44 22 24 35 Tel.: +33 (0)1 44 22 66 29 Email: engiepress@engie.com Email: ir@engie.com ENGIEgroup ENGIE Headquarters engie.com Tower T1 - 1 place Samuel de Champlain - Faubourg de l'Arche - 92930 Paris La Défense cedex - France ENGIE - A PLC WITH CAPITAL OF 2 435 285 011 EUROS - RCS NANTERRE 542 107 651 - Tel. +33 (0)1 44 22 00 00 Attachments Original document Permalink Disclaimer Engie SA published this content on 05 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 December 2019 16:50:04 UTC share with twitter share with LinkedIn share with facebook
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