Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Paris  >  ENGIE    ENGI   FR0010208488

ENGIE

(ENGI)
  Report  
Real-time Quote. Real-time Tradegate - 11/18 12:31:08 pm
14.318 EUR   -0.36%
11/17French lottery operator IPO draws retail investors - minister
RE
11/15NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
11/15NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

GDF SUEZ : Jirau : The world’s largest renewable CDM project obtains registration at the United Nations

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/24/2013 | 11:57am EST

The United Nations Framework Convention on Climate Change (UNFCCC) registered the Jirau Hydropower Plant on May 17, 2013 under the Clean Development Mechanism (CDM).

The renewable energy produced by Jirau will allow a reduction of up to six million tons of CO2 emissions annually as it will reduce the need to dispatch (or build new) fossil fueled power plants.

The Jirau hydropower plant is the largest renewable energy plant ever registered and it demonstrates that the Clean Development Mechanism, when applied in tandem with national greenhouse gas (GHG) mitigation and enabling policies, is capable of promoting major infrastructure projects.

Gérard Mestrallet, Chairman and Chief Executive Officer of GDF SUEZ declared: "The Jirau CDM project stands as a key element in Brazil's efforts to promote sustainable economic growth based on renewable power. This recognition by the United Nations illustrates the strong commitment of GDF SUEZ to develop renewable energy around the world and in Brazil."

The Jirau project is a key element in Brazil's National Policy on Climate Change, which promotes expansion based on hydroelectricity and other renewable technologies, such as wind and biomass. This policy encourages a balance between low GHG emissions, energy security, environmental protection and social development.

GDF SUEZ has been a pioneer of CDM since its participation as a founding member of the Prototype Carbon Fund in 2001 and is actively using the program to promote clean energy investments. To date, the Group has registered a portfolio of 15 CDM projects in Asia, Africa and Latin America, using wind, water, geothermal and biomass as sustainable sources of renewable energy.  The CDM registration is effective as of December 26, 2012, which enables the project to sell its credits to the European emission trading scheme (EU ETS).

About the Jirau Project

The Jirau project, which is under construction on the Madeira River in the state of Rondônia in Brazil, is currently jointly owned by GDF SUEZ (60%)(1), Eletrosul (20%) and Chesf (20%). Designed as a run-of-the-river facility with a small reservoir, the plant will have an installed capacity of 3,750 MW and potential to meet the electricity demand of 10 million Brazilian households. The commissioning of the project is expected to start in mid 2013.

About CDM

The CDM was set up by the Kyoto Protocol as one of the flexibility mechanisms to complement emissions trading between developed countries that accepted targets as listed under Annex 1 of the Protocol(2). Carbon credits from CDM are granted when companies from such developed Annex 1 countries undertake investments enabling the reduction of CO2 emissions in developing countries to support their clean and sustainable development. As the emission reductions obtained can be used to meet part of the obligations, the CDM is a first step towards a global carbon market.

About GDF SUEZ in Latin America

GDF SUEZ Energy Latin America provides innovative energy and gas solutions in Argentina, Brazil, Chile, Costa Rica, Panama and Peru, supporting this emerging continent in its economic growth, respecting the environment and providing essential services to its people. It has 3,300 employees in the region and 12.2 GW capacity in operation and an additional 4.7 GW under construction. Two thirds of the electricity it generates is renewable. It also transports, distributes and sells gas in addition to regasifying LNG and has a share in more than 45 Mm3 per day in natural gas operations through generation companies, marketing and infrastructure operators. For more information, please visitwww.gdfsuezla.com

(1) On May 13, GDF SUEZ and Mitsui announced a partnership where Mitsui will take a 20% equity interest in the project, expanding the long-term partnership between the two Groups. The closing of the transaction is expected to occur during the second half of 2013, upon satisfaction of certain conditions, including obtaining approvals from Brazilian authorities (ANEEL - Electricity Energy Regulatory Agency and CADE - Brazilian anti-trust entity) and lenders (BNDES and local commercial banks).

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ENGIE
11/17French lottery operator IPO draws retail investors - minister
RE
11/15NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
11/15NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
11/15NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
11/15NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
11/14Spain's Iberdrola to enter Australia with wind, solar power project
RE
11/14NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
11/14NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
11/14NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
11/14NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
More news
Financials (EUR)
Sales 2019 62 599 M
EBIT 2019 5 677 M
Net income 2019 2 618 M
Debt 2019 24 158 M
Yield 2019 5,41%
P/E ratio 2019 13,7x
P/E ratio 2020 12,4x
EV / Sales2019 0,94x
EV / Sales2020 0,90x
Capitalization 34 652 M
Chart ENGIE
Duration : Period :
ENGIE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ENGIE
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 21
Average target price 16,28  €
Last Close Price 14,37  €
Spread / Highest target 28,7%
Spread / Average Target 13,3%
Spread / Lowest Target -2,57%
EPS Revisions
Managers
NameTitle
Isabelle Kocher Chief Executive Officer & Director
Jean-Pierre Clamadieu Chairman
Paulo Almirante Chief Operating Officer
Judith Hartmann CFO, Executive VP-United Kingdom & Ireland
Yves Le Gélard Chief Information & Digital Officer
Sector and Competitors
1st jan.Capitalization (M$)
ENGIE14.73%38 281
SEMPRA ENERGY35.07%41 193
NATIONAL GRID PLC17.13%40 186
ORSTED AS38.99%37 600
ELECTRICITÉ DE FRANCE-33.41%30 937
E.ON SE6.18%26 385