Now that doesnt mean that we should not have discipline. We had 1.2 billion total impact last year. We have 101 gigawatt of gross power generation capacity, of which around 30% from renewables. #buckminsterfuller #trimtab #climatechange. So naturally, were landing more just below a 100 million figure for 2021. Nothing much more structural than that really, James, on supply improvement. It is important to say that our renewables growth ambition is not about entering a gigawatt race. It's inspiring to see how ENGIE's strategy for a balanced, affordable, and resilient energy mix has proven its relevance in these uncertain times. Great post Catherine Fiamma MacGregor! You can still enjoy your subscription until the end of your current billing period. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Yes. As CEO, Catherine MacGregor will focus on defining and implementing the Group's strategic road map, in particular around the two priority areas announced in July 2020 by the Board of Directors: speeding up growth in renewable energies and energy infrastructure such as cooling and heating networks. And maybe Ill just say a few things, and Ill pass on to Judith, just to say that the Client Solutions project is a big project. Catherine MacGregor est elle-mme mre de deux filles 2 . The reversal of a positive internal one-off from the fourth quarter of 2019 offset in supply as well as the first effect of the RAB remuneration rate decreases also contributed to this lower COI in France. offers FT membership to read for free. Welcome to the sector, indeed. The ENGIE Board set out strategic orientations for the group last year in July 2020, and my new executive team and I have three clear priorities: firstly, simplifying the group at pace; secondly, investing further, investing in renewables, networks and asset-based client solutions, as these are areas of competitive strength for ENGIE; and finally, strengthening our groups commitment to the energy transition. This is one of the largest renewable PPAs signed with an industrial group in Belgium and demonstrates the growing appetite for PPAs from a broader range of customers. We remain committed to a strong investment-grade credit rating and continue to target a ratio of below or equal to four times economic net debt to EBITDA over the long term. This was linked to a recovery of past energy costs, following the agreement on renegotiation of hydrological risk, which was finalized at the end of 2020. Networks were mainly impacted by warm temperatures and by higher D&A. Employee consultation on the proposed organization design started this month as planned, and we expect it to conclude by the end of the second quarter. Lets now move to our Supply, Nuclear and Other activities. Jean-Pierre Clamadieu, Chairman of the Board of Directors, declared: On behalf of the Board and employees of the Group, I am pleased to welcome Catherine MacGregor and wish her full success in her missions. We are assessing the situation, which mainly affects renewables and supply activities. And obviously, it mitigates the intermittency, which is still quite an issue with renewables, as we know. On organic evolution per business line, Renewables, Thermal and Nuclear were resilient and even grew organically. Yes. You have to keep in mind, about 200 million of that were related to SUEZ, which is now gone, of course. Un article de Wikipdia, l'encyclopdie libre. Thank you very much, James, for your question. Good morning, everyone. In Supply, the outlook is improving, as these activities should strongly recover from COVID and on the assumption of temperature normalization. Are you talking about Q3, Q4 for the end game? I mentioned earlier two things actually. In addition to EVBox, we expect to execute disposals of around 2 billion, aligned with the group simplification. On May 18, 2021, ENGIE's Chief Executive Officer Catherine MacGregor unveiled the Group's strategic roadmap, to reaffirm ENGIE as a leader in the energy transition. We have also good fleet in Middle East and also Latin America. Within this guidance, we have included our current estimate of the potential impact. And with that, Im pleased to hand you over to Catherine. French utility's new chief Catherine MacGregor to increase investment in renewables. This impact was partially offset by higher achieved prices for our hydro power production and higher volumes produced mainly by our wind assets. This decision, effective as from January 1st 2021, is the result of a selection process, led by Jean-Pierre Clamadieu, Franoise Malrieu and members of the Appointments, Compensation and Governance Committee, following the highest standards of governance. And what is your philosophy there? With our experience, knowledge and reach we can optimally meet your businesses media needs and requirements in three cohesive ways: Network with the right people, Insight into the industry, and Talent to the right place. analyse how our Sites are used. A cycle, of course, could be 3, 4, 5 years depending on the country. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. And then, of course, now this partial sell down that were planning into a SPAC transaction. She occupied a number of roles in various geographies (Republic of Congo, the US, Malaysia, ): from Director of Business Entities (Wireline, Reservoir Characterization, Drilling, ) to Regional Division (Europe and Africa). In her efforts to "simplify" Engie, MacGregor is moving from 25 business units to 4 globally, and . In this uncertain environment, ENGIE's strategy for a balanced, affordable, and resilient energy mix has proven its relevance and we have stayed on track! The second quarter was unprecedented and very, very stringent lockdown measures in our main countries. These projects could participate in the Belgium capacity remuneration market auctions in the second half of this year once approved by the European authorities. Renewable #Gas: We continue to make progress, with 459 #biomethane production units connected to our networks in France, and with 5 of our #hydrogen projects in Europe selected to benefit from public aid from the European Commission. Then rapidly followed: "what am I gonna use that for ? In that entity that we are forming, which is the object of the consultation weve talked about, there will be 34,000 roughly 74,000, sorry, 74,000 people. Joe Biden teaches the EU a lesson or two on big state dirigisme, Elon Musks Twitter is dying a slow and tedious death, Who to fire? Chef d'Agence Filire Vente Centre Ouest chez GRDF, Thank you Catherine Fiamma MacGregor for your post that combine strategy, progress and well-balanced energy mix (#renewable #gaz #power) to confirm meaning and a consistent vision to our company, not to mention the recognition. Therefore our industry is [], ENGIE steps up its energy transition, targets renewables, MacGregor to supply RoRo equipment for K Lines LNG-powered newbuilds, Equinor and Engie press ahead with H2BE hydrogen project in Belgium, Engie names Catherine MacGregor as new CEO, MacGregor to supply all-electric RoRo equipment to H-Lines PCTCs, MacGregor to equip 4 more Hegh Autoliners multi-fuel PCTCs, In focus: Investments in oil, offshore wind hit a snag. The first one is on strategy. For this, I would like to say a big thank you to Judith, Paulo and Claire for their strong leadership in 2020, as they had the dual challenge of advancing the group simplification agenda whilst, at the same time, ensuring we continue to deliver essential services to our customers. . hosting the engineering activities. commentary and analysis you can trust. Do you have a vision about taking this proportion of minorities down for the group? And sometimes, its okay to lose auctions if we dont get the right returns. Delivering on decarbonization while ensuring reliability and affordability can only be achieved through a combination of centralized and decentralized solution and with a mix of energy sources. And so these are some of the things that complexity and ability to manage activities that are very, very different from each other, I think really get in the way of performance. Long-term growth drivers for asset-light activities are also strong, underpinned by major international actions plans, such as the European green deal towards making the EUs economy sustainable. France's Engie appointed an oil services executive to execute its strategy of refocusing the utility on renewable energy and grids, overlooking the internal candidate behind its new green strategy.. Engie said in a statement it had appointed Franco-American oil services firm TechnipFMC executive Catherine MacGregor as new CEO, effective Jan. 1, 2021. Its a pleasure to welcome Catherine to ENGIE, and Im looking forward to executing our strategic plan together. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. Pascal Frings., Assistente de Planejamento e Controle I | ENGIE Brasil | Gesto de Frotas | Logstica | Atendimento ao Cliente | Administrao Estcio, Bizarre, je suis un employ d'Engie et je n'ai pas reu , I am really very Happy after Hearing that Engie is going to make strong and strong renewable resources that makes to process competency of whole work which is going on this projects as i would proudly feel good i wish if you have any vacancy in the Engie organization i would definitely prefer to work this organisation as my last experience were quite satisfactory in Allied Maintenance Company Pvt Ltd at Tabuk Project in Saudi Arabia even i was working two years as store supervisor in Tabuk Projects i forwarded my resume to one of your recruiter for store supervisor as i have 12 years experience in the maintenance Departments like Civil, Plumbing, Mechanical,HVAC, Gardening, Cleaning and most importantly PGP Department. or Published on 2 October 2020 at 12:48pm EST on Uk.Reuters. And Judith, you want to comment, please, on the impairment? We have a very nice digital platform to help us manage our assets better. https://www12.senado.leg.br/ecidadania/visualizacaoideia?id=167822. Catherine MacGregor is an engineer and graduate of cole Centrale de Paris (CentraleSuplec). On an organic basis, the business line saw 1% growth, which was a strong result considering that there were over 100 million of positive operational one-offs in 2019 from LDs on newly commissioned power plants in Brazil and Chile. French giant Engie has concluded its search for the new chief executive officer, naming Catherine MacGregor to the position. And as a result, the second half of 2020 was actually similar to H2 2019 on an organic basis. I have only started to get to know them, and Im already extremely impressed by their engagement, their professionalism and their talent.