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 […]
BURKINA FASO : Engie to inject 30 MWp via two solar PV plants
The government of Burkina Faso has just launched the construction of two 30 MWp photovoltaic (PV) solar power plants as part of its World Bank supported Power Sector Support Project (Pasel). The installations will be located in the cities of Koudougou and Kaya. The government of Burkina Faso is stepping up initiatives to increase the […]
ENGIE & ArianeGroup to Develop Renewable Liquid Hydrogen
ENGIE and ArianeGroup have just announced the signing of a cooperation agreement in the field of renewable liquid hydrogen to speed up the decarbonisation of heavy-duty and long-distance transportation. Renewable liquid hydrogen is a zero-emissions alternative to fossil fuels and an answer to the specific storage and endurance requirements of sectors such as maritime and […]
ADB, ENGIE Sign Loan to Support India’s Renewable Energy Development
NEW DELHI, INDIA: The Asian Development Bank (ADB) and the ENGIE group signed a long-term loan of up to 4.66 billion Indian rupees (about $65.5 million) to construct and operate a 200-megawatt alternating current solar photovoltaic-based power plant at Raghanesda Solar Park in India’s western state of Gujarat. The agreement was signed by Principal […]
ChargePoint Raises Another $127M as EV Charging Wars Heat Up
Latest round brings ChargePoint’s total funding to $660 million, as it competes with deep-pocketed rivals such as BP Chargemaster and Shell’s Greenlots. ChargePoint has raised $127 million, its latest massive round of equity financing to build out a U.S. and European charging network to meet the needs of a fast-growing global electric vehicle fleet. Wednesday’s […]
ENGIE to Accelerate Growth in Renewables & Infrastructure Assets
In line with its purpose towards carbon neutrality, and with a view to simplifying the Group, ENGIE Board approved acceleration of investments in renewables and infrastructure assets as ENGIE intends to implement a new capital allocation strategy, focusing on two growth areas servicing the energy transition. ENGIE plans to accelerate its development in renewables, […]
ENGIE plays the long game in Africa
ENGIE faced a steep learning curve as a first mover in Africa’s renewable energy sector. But the company and its African customers and partners are now reaping the rewards. ENGIE Africa employs around 4,000 people across the continent from Morocco to Uganda. Many of them work in the off-grid sector, designing and installing infrastructure, and […]
Energyworx Announces Investment from ENGIE
SaaS-based Energy Data Management platform supports utility companies with the energy transition; investment from ENGIE New Ventures will be used to scale and accelerate international growth HOUTEN, The Netherlands: Energyworx, a market leader in cloud-based Energy Data Management solutions announces a strategic investment by ENGIE, through its venture capital arm ENGIE New Ventures. Based […]
In U.S., Engie and Hannon Armstrong Form Multi-Gigawatt Renewables Partnership
The portfolio will stretch across five states and encompass both wind and solar projects. The North American arm of European energy giant Engie SA and climate-focused investor Hannon Armstrong announced Thursday they will partner on a 2.3-gigawatt portfolio of U.S. wind and solar projects slated for completion this year. The two will split equity ownership […]
