PARIS : French power company Engie announced on Tuesday plans to boost investments in the renewables sector and step up disposals of non-core assets, as part of a strategic program to improve its business performance. Engie said it was targeting between 9-10 billion euros ($11-$12 billion) worth of disposals over 2021-2023, which in turn would […]
ENGIE selling energy storage and e-mobility solutions subsidiary to Taiwan Cement Corporation
ENGIE has sold its 60.5% stake in stationary storage and e-mobility solutions company ENGIE EPS to Taiwan Cement Corporation (TCC). The French multinational utility company acquired Electro Power Systems in 2018, which at the time was best known for its work on a few dozen microgrid projects around the world, and rebranded it ENGIE EPS. […]
Engie acquires South Africa solar plant
The French multinational electric utility company has acquired a concentrated solar power plant in the Northern Cape of South Africa. Engie has purchased a 40% equity stake in a 100 Megawatt (MW) concentrated solar power plant in South Africa, Xina Solar One, from Spanish infrastructure, energy and water company Abengoa, as well as a 46% […]
Engie, Neoen Plan $1.2 Billion Solar, Storage Project in France
Engie SA and Neoen SA are planning to invest about 1 billion euros ($1.2 billion) to build one of the largest solar farms in the world in southeastern France. While the French utilities’ project may be still three years away from construction, it’s another sign that solar power is increasingly competitive in Europe, where governments […]
ENGIE Eps hydrogen technology records a new achievement in Singapore
ENGIE EPS contributes to Southeast Asia’s transition towards a green economy with a hydrogen- based energy storage system on Semakau Island Paris – Milan: ENGIE EPS announces to have successfully completed the Site Acceptance Test of the hydrogen-based energy storage system on Semakau Landfill, Singapore. The Semakau project has been developed in a multifluid microgrid under […]
Engie unveils hydrogen-based energy storage for Greek microgrid
A hydrogen-based energy storage system has been completed at the Agkistro microgrid in Greece in the EU REMOTE project. The storage based on Engie EPS’ proprietary technology consists of a hydrogen ‘power-to-power’ system made by an electrolyser, converting electricity into hydrogen (power-to-gas), and a fuel cell system, converting stored hydrogen back to electricity (gas-to-power). The […]
France’s Engie maps $2.2 billion plan for first Australian city to go carbon-neutral
MELBOURNE: A city in Australia’s tropical north aims to be the first in the country to go carbon-neutral within 20 years, with the help of a plan worth A$3.1 billion ($2.2 billion) designed by French utility company Engie SA . Under the plan, Greater Springfield in the state of Queensland would produce more energy by […]
Infrastructure Capital joins Engie in major renewables investment push
Australia’s Infrastructure Capital Group has snapped up a majority share in a major new solar and wind energy investment platform in partnership with French renewables giant Engie and Japanese trading house Mitsui. The Australian Renewable Energy Trust, in which ICG will take a 75% interest via its Australian Renewables Income Fund (ARIF), will be seeded […]
Engie, Mitsui sell 75% of renewable energy trust to Infrastructure Capital Group
Terms of the deal were not disclosed but a person familiar with the transaction said the stake was sold for A$400 million ($287 million). Engie SA and Mitsui & Co have sold a 75% stake in their newly established Australian Renewable Energy Trust to Infrastructure Capital Group (ICG) to help speed up growth in their […]
Engie appoints oil services executive to execute new renewables strategy
* MacGregor tasked with renewables, grid expansion * Internal renewables champion Avice-Huet overlooked * Clamadieu sees key role for Avice-Huet in new team (Recasts to reflect confirmation of appointment, adds comments by chairman) PARIS: France’s Engie appointed an oil services executive to execute its strategy of refocusing the utility on renewable energy and grids, overlooking […]