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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  ENGIE    ENGI   FR0010208488

ENGIE

(ENGI)
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ENGIE : Ineos signs Belgian offshore wind power deal with Engie

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09/22/2020 | 10:17am EDT
FILE PHOTO: Logo of french gas and power group Engie

Petrochemicals giant Ineos has signed a 10-year deal to purchase offshore wind power from French company Engie Norther wind farm in the Belgian North Sea from 2021, Ineos said on Tuesday.

More large companies are signing deals to secure renewable power supplies to help them reduce their carbon footprints.

Some 84 Megawatts of capacity at the wind farm will be used to power Ineos' existing production sites in Belgium and the new ethane cracker site it is building in Antwerp.

"This... will reduce our carbon footprint in Belgium by more than one million tonnes of CO2, the equivalent of taking 100,000 cars off the road each year," Gerd Franken, chairman of Ineos Olefins & Polymers Europe said in a statement.

Ineos said it would also seek other options to expand renewable energy use at its operations.

No financial details of the deal were disclosed.

(This story corrects headline to say Belgian, not Dutch; fixes syntax in lead)

(Reporting by Susanna Twidale; Editing by Louise Heavens and David Goodman)


Stocks mentioned in the article
ChangeLast1st jan.
ELECTRICITÉ DE FRANCE 1.34% 9.968 Real-time Quote.0.40%
ENGIE 1.12% 10.385 Real-time Quote.-27.88%
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Financials
Sales 2020 55 596 M 64 742 M 64 742 M
Net income 2020 2 259 M 2 631 M 2 631 M
Net Debt 2020 25 988 M 30 264 M 30 264 M
P/E ratio 2020 10,3x
Yield 2020 5,33%
Capitalization 25 060 M 29 204 M 29 183 M
EV / Sales 2020 0,92x
EV / Sales 2021 0,84x
Nbr of Employees 171 000
Free-Float 72,2%
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Technical analysis trends ENGIE
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 14,08 €
Last Close Price 10,39 €
Spread / Highest target 63,7%
Spread / Average Target 35,6%
Spread / Lowest Target -16,9%
EPS Revisions
Managers
NameTitle
Claire Waysand Chief Executive Officer
Jean-Pierre Clamadieu Chairman
Paulo Jorge Tavares Almirante Group Chief Operating Officer & Executive VP
Judith Hartmann CFO, Executive VP-United Kingdom & Ireland
Yves Le Gélard Chief Information & Digital Officer
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