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    ENB   CA29250N1050

ENBRIDGE INC.

(ENB)
  Report
Delayed Toronto Stock Exchange  -  04:00 2022-12-05 pm EST
54.26 CAD   -0.79%
12/02'No sacred cows' as pipeline company TC Energy prepares for C$5 billion asset sales
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12/01Enbridge Outperform Rating Maintained by UBS Following 2023 Guidance; Price Target Kept at C$59.00
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12/01Enbridge Kept at Outperform at BMO Capital After 2023 Guidance, Dividend Hike; Price Target Reiterated at C$60.00
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France's first commercial-scale offshore wind farm starts operations

11/23/2022 | 08:12am EST
FILE PHOTO: The Saint-Nazaire offshore wind farm

(Reuters) - France's first commercial-scale offshore wind farm started operating on Wednesday, adding 480 megawatts of capacity to the grid at a time when Europe is scrambling to secure energy supplies following Russia's invasion of Ukraine.

The Saint-Nazaire wind farm, situated off the coast of Brittany in northwestern France, consists of 80 turbines and will provide clean energy to power the equivalent of 400,000 homes annually, or 20% of the Loire-Atlantique region's electricity consumption.

The project is co-owned by EDF Renewables and EIH Sarl, a subsidiary of Canada's Enbridge Inc, and CPP Investments.

Enbridge, best known for its North American oil pipeline network, is a partner in three other French wind projects currently under construction.

"(We) look forward to continuing our work together in growing France's offshore wind sector," Matthew Akman, Enbridge's senior vice president of power, strategy and new energy technology, said in a news release.

The Saint-Nazaire project took 10 years to complete. In September, French President Emmanuel Macron visited the site and vowed to cut red tape to halve the time it takes in France to get renewable projects off the ground.

Earlier this year, Macron said he wants France to have about 50 offshore wind farms by 2050.

(Reporting by Nia Williams in British Columbia; Editing by Cynthia Osterman)

By Nia Williams


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRENT OIL 0.57% 83.35 Delayed Quote.10.28%
EIH LIMITED 0.71% 177.2 End-of-day quote.42.27%
ELECTRICITÉ DE FRANCE 0.00% 12 Real-time Quote.21.50%
ENBRIDGE INC. -0.79% 54.26 Delayed Quote.9.82%
WTI 0.08% 77.444 Delayed Quote.6.45%
All news about ENBRIDGE INC.
12/02'No sacred cows' as pipeline company TC Energy prepares for C$5 billion asset sales
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More news
Analyst Recommendations on ENBRIDGE INC.
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Financials
Sales 2022 54 014 M 39 867 M 39 867 M
Net income 2022 5 418 M 3 999 M 3 999 M
Net Debt 2022 80 827 M 59 658 M 59 658 M
P/E ratio 2022 20,4x
Yield 2022 6,35%
Capitalization 111 B 81 734 M 81 734 M
EV / Sales 2022 3,55x
EV / Sales 2023 3,51x
Nbr of Employees 10 900
Free-Float 86,4%
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Technical analysis trends ENBRIDGE INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 54,26 CAD
Average target price 58,10 CAD
Spread / Average Target 7,07%
EPS Revisions
Managers and Directors
Albert Monaco President, CEO & Non-Independent Director
Vern D. Yu Chief Financial Officer & Executive Vice President
Gregory Lorne Ebel Non-Executive Chairman
Bhushan N. Ivaturi Chief Information Officer & Senior Vice President
Lisa D Wilson Chief Compliance Officer & Vice President
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