ENGIE’s Post

ENGIE was recently named the top corporate seller of clean power purchase agreements (PPAs) globally in what was a record year for PPAs, according to BloombergNEF’s (BNEF) 2023 full year rankings. According to the report, corporations publicly announced a record 46 gigawatts (GW) of #solar and #wind contracts in 2023, a 12% increase from 2022. The U.S. remained the largest market for PPAs with 17.3GW of deals announced.   As PPAs increasingly become the centerpiece of companies’ #sustainability strategies, ENGIE sees continued strong growth in U.S. #renewables to support our #customers. We currently have 7 GW of solar, wind and #batterystorage projects in North America and that number is growing.   “Our strong customer focus combined with our #safe, expert project delivery is at the heart of our growth in the U.S.,” says @David Carroll, Chief Renewables Officer and Senior VP, North America Region. “Our reputation for consistently delivering projects that enable our customers to meet their public commitments with confidence is key. Customers value our track record of delivering projects on-time, on-spec and on-budget. We do this by leveraging our global scale and integrated model complemented by our energy expertise and local presence.”   Learn how our ENGIE #energyexperts are powering U.S. renewables growth here >> https://lnkd.in/gJUKDsP4 Dave Carroll / Prathima Sundar / Laura Caspari #WithENGIE #CleanEnergy #Renewable #NetZeroFuture #EnergyNews #EmployerofChoice #EnergyJobs #EnergyLeader #WindEnergy #SolarEnergy #ThoughtLeadership #FutureisNow #EnergyTransition

Congratulations to our client Energy Infrastructure Partners for completing their c. €600 million investment in Eni's Plenitude business at a post-money Equity Value of c. €8 billion and an Enterprise Value of over €10 billion. Plenitude is active in over 15 countries across the world operating c. 3 GW of renewable energy producing assets; selling energy and energy solutions to 10 million European clients; and operating a network of almost 20,000 electric vehicle charging points. By 2026, the company intends to reach 11 million clients, over 7 GW of installed renewable capacity, and more than 30,000 installed electric vehicle charging points. Another cool deal for the Skadden PE team in the energy transition space! Well done EIP! Roland Dörig, Tim Marahrens, Jaime Sanjuán, Flannán O'Mahony, Eduardo Sauer, Stanislas Berti, Philipp L. and everyone else involved. #renewableenergy #energytransition #climatesolutions #charginginfrastructure #emobility #mergersandacquisitions #privateequity #infrastructureinvestment https://lnkd.in/dJw3ZiXg

📈 $7bn Takeover: ECP Emerges as Top Candidate to Acquire Renewable Platform Atlantica Sustainable Infrastructure Reports suggest that ECP (Energy Capital Partners) is in advanced negotiations with Algonquin Power & Utilities Corp. for the takeover of Atlantica Sustainable Infrastructure Plc, a former subsidiary of Abengoa. 💼 Sale Details: – Potential Enterprise Value: >$7bn (including debt) – Market Cap of Atlantica: ~$2.5bn (listed on NASDAQ) – Sell-side Advisor: JP Morgan 🏢 Diversified Portfolio: – Total Operating Capacity: Over 2.2 GW of renewable projects across four continents USA: ~600 MW wind, 560 MW solar, 135 MW geothermal Spain: ~630 MW solar Uruguay: 150 MW wind, 10 MW solar South Africa: 100 MW solar – Development Pipeline: ~2.2 GW of renewable energy and 6.0 GWh of storage globally 💡 Industry Insights: This potential acquisition follows a recent surge in demand for renewable energy platforms driven by private equity firms: – KKR: Launched a bid to acquire Encavis AG for $5.1bn – Sosteneo: Acquired a stake in Enel Libra Flexsys for $1.3bn – Mitsubishi HC Capital: Bought a stake in European Energy for $1bn – KKR: Also in discussions to acquire a stake in PG&E's power generation operations #RenewableEnergy #PrivateEquity #InfrastructureInvestment #Sustainability #EnergyTransition #MergersAndAcquisitions #CleanEnergy #GreenInvestment #GlobalMarkets #PowerGeneration

ENGIE SA, fresh off its $1 billion acquisition of Actis LLP’s renewable assets, is shifting its focus to a 7 GW project pipeline across Africa. With a keen eye on South Africa’s transmission infrastructure, Engie may soon tap into new opportunities as private sector participation opens up. Discover more about their ambitious plans and Africa's growing renewable energy market in the comments. 🌍 #RenewableEnergy #AfricaEnergy #GreenEnergy

🎉 TotalEnergies & West Burton B meeting the UK’s energy needs ⚡️🔌 TotalEnergies has signed an agreement with EIG to acquire West Burton Energy marking a significant step in our journey as an integrated electricity player. 🔌 👉 West Burton Energy operates one of the UK's most advanced power plants, West Burton B, with a total output of 1.3 GW, powering approximately 1.8 million homes. This acquisition enhances our renewable power generation capacity in the UK, providing a flexible asset to support reliable power supply. ⚡️ With our current renewable portfolio at 1.1 GW and 4.5 GW under development in the UK, this move aligns perfectly with our strategy to balance renewable and gas-based power generation. We plan to divest 50% of the acquired assets, matching our need for gas-based power generation capacity at 700 MW. This acquisition strengthens 💪 our trading capabilities in the UK’s electricity and gas markets and helps us provide affordable, available, and sustainable energy to our 300,000 customer sites. Additionally, it leverages our natural gas production projects, where we operate 30% of the country's projects. 🌐 Globally, this brings our flexible power generation portfolio to around 7 GW of gross capacity, complementing our 23 GW of renewable capacity. 🗞️ Learn more in our press release: https://lnkd.in/e65bHj3x #PowerGeneration #EnergyNews #TotalEnergies #EIG #WestBurtonEnergy

📈 ENGIE Q1 2024 Financial Information   ▶ Strong operational and financial performance in an accelerated normalization of energy market ▶ 2024 guidance confirmed with NRIgs expected in a range of €4.2-4.8bn ▶ High pace of growth in Renewables, with 7 GW of capacity under construction at end-March 2024 ▶ Threshold of 1 TWh reached in annual biomethane production capacity in Europe   💬 ”ENGIE has made an excellent start to 2024. This robust performance reflects, once again, the strength of our integrated model as well as our capacity to adapt to a rapidly-moving market environment. We confidently reiterate our guidance for the full year 2024.” - Catherine Fiamma MacGregor   Read the press release ▶ https://lnkd.in/d9VM9n6B

Power Purchase Agreement between NextEnergy and Anglian Water This 20-year Power Purchase Agreement involves NextPower UK ESG, a subsidiary of NextEnergy Capital, and Anglian Water Services, for the purchase of 90% of the electricity generated by the Llanwern Solar Farm in Newport, Wales. The agreement is structured as a sleeved PPA, involving additional key stakeholders: EDF, responsible for balancing and stabilizing electricity, and SSE Renewables, which serves as the energy supplier to Anglian Water Services Water. The executives leading this collaboration include Michael Bonte-Friedheim, CEO and Founder of NextEnergy Group, David Riley, Head of Carbon Neutrality at Anglian Water Services, Simone Rossi, CEO of EDF Energy, and Alistair Phillips-Davies, CEO of SSE. The PPA enables NextPower UK ESG to sell the farm’s energy to EDF, which converts intermittent solar generation into predictable baseload energy blocks. These blocks are then delivered by SSE Renewables to Anglian Water Services Water, ensuring a secure and tailored energy supply that aligns with Anglian Water Services Water’s operational demands. #NextEnergy #AnglianWater #EDF #SSE #PPA #PowerPurchaseAgreement https://lnkd.in/dHJjBtyc

💵 ~$6bn Valuation: Repsol in Talks to Divest Stake in Renewable Energy Platform Repsol is in early negotiations to sell a stake in its renewable energy unit following an unsolicited investor approach. 🤝 Deal Details: – Up to 25% stake for sale – Sale managed by Santander – Valuation: €5.9bn for 100% of the unit 💼 PE Firms Seizing the Opportunity: – The European market currently sees high interest from PE firms in renewable platforms – Their ‘buy and hold long-term’ approach fits perfectly with the current market dynamics – In line with major moves by KKR, Viessmann, Asterion, and EQT in Europe since 2023 – More recently, EIP finalized the purchase of a minority stake in Plenitude, the renewable platform of another European O&G firm, Eni. 🌍 Portfolio Details: – Over 5 GW of solar, wind, and hydro projects – Primarily in Spain, with a presence in Chile and the US – Recently expanded US presence through acquisitions of Hecate Energy, ConnectGen, and Asterion Energies 🔍 Strategy: – Capital from the sale supports its strategic plans through 2027 – Over €9bn planned investment in low-carbon and renewable energy – Targeting 9-10 GW of installed renewable capacity by 2027 #Renewable #Sustainability #CleanEnergy #EnergyTransition #StrategicInvestment #Repsol #PrivateEquity #Enerdatics

#NewsIE | #RenewableEnergy boosts ENGIE's results. ➡️ https://lnkd.in/dCyFq2uS 📈 The company added 2.3GW of renewable capacity in the first nine months of 2024, including 1.2GW in Latam, 0.7GW in Europe as well as 0.1GW in the United States. 💬 Catherine Fiamma MacGregor, CEO of ENGIE, said: “Over the first nine months of the year, ENGIE has delivered very strong earnings and substantial cash flow. These results are driven by a variety of our activities and demonstrate the relevance of ENGIE’s integrated model” FYI: ENGIE Chile, ENGIE Perú, ENGIE North America Inc., ENGIE España, ENGIE South East Asia, ENGIE AU, OW Ocean Winds, Caroline LAMBRINIDIS, Kelly Penot-Rousseau, Isidora Schaub Ruiz

Atlantica reports its second quarter 2024 financial results: ✔️ Revenue reached $571.2 million for the first half of 2024, a 3% year-over-year increase ✔️ Adjusted EBITDA reached $407.3 million in the first half of 2024 ✔️ Operating Cash Flow increased by 2.3% year-over-year to $141.9 million  ✔️ Quarterly dividend of $0.445 per share 👉🏼 Signed a 10-year PPA for a 27.5 MWDC/22 MWAC project in Spain during the second quarter 👉🏼 Expanded our pipeline of assets under development, which currently includes 2.2 GW of renewable energy and 6.3 GWh of storage Read the full press release here: https://lnkd.in/dcGKPXzk