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
  1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. ENGIE
  6. News
  7. Summary
    ENGI   FR0010208488

ENGIE

(ENGI)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Engie S A : The rise of solar energy

02/21/2017 | 09:54am EDT

There are a number of reasons that explain the boom in solar energy: installations are more powerful and less expensive, investments have been stepped up, and more encouraging regulations have been introduced. As a result, in more and more countries, industrial operators and electricity producers such as ENGIE are focusing on this solution of the future.

The sun is a source of energy with considerable potential to fight against climate change, stimulate growth and enable widespread access to energy: it is virtually unlimited, easily available, present in practically every country in the world, non carbon-emitting, and can be exploited on either a small-scale or a large-scale basis. At the present time, there is no technological barrier holding back the energy transition towards solar energy. It is rather financial and legal issues that are restraining it, but these are in the process of changing all around the world. The time for solar energy has dawned.

Competitive prices and regulatory changes

In five years, the price of electricity generated from solar energy has been divided by eight! Meanwhile, the cost of solar panels has halved since 2010 and, according to IRENA (the International Renewable Energy Agency), is expected to drop a further 60% in the next ten years. Automated production, in China for instance, has reduced breakage rates and through constant innovation, manufacturers are designing more efficient cells and improving the lifespan of installations (which can now be as much as 35 years, as against 25 just five years ago). Photovoltaic technology is now affordable, simple, mature and mastered. Affordable solar energy is the key to decarbonization, and putting it into widespread use throughout the world is a challenge that every country should be facing.

Solar energy has been put on a very ambitious course in France in the context of the French energy transition law: a target of 18 to 20 GW of installed capacity has been set for 2023,compared to 6.2 GW today. A number of government decrees now under preparation should stimulate production.

In many other countries, organizations are campaigning for the standardization of the regulatory framework and best practice. One of these is the Terrawatt Initiative, the first private non-profit organization set up by ENGIE, bringing together investors, energy suppliers and equipment manufacturers. Its objective is to put in place the conditions necessary to make 1,000 GW of solar capacity available worldwide by 2030.

Rise in solar energy production throughout the world

The solar energy boom is particularly strong in emerging countries that combine a sunny climate with sustained growth in demand for electricity. China intends to double its installed capacity between 2015 and 2020, to achieve 110 GW. India has an ambitious target of 100 GW of solar energy by 2022, while solar energy already accounts for a 4% quota of Chile's energy mix, even though it was completely absent in 2012.

One of the consequences of this revolution is that the major European electricity producers have made a shift to solar generation. This is the case of ENGIE, which has made solar energy a key pillar in its strategy of becoming the world leader in the energy transition.

The Group already holds dominant market positions in some of the world's sunniest regions. Through its subsidiary, Solairedirect, ENGIE has a total solar energy capacity of 471 MW in India, including 290 MW currently under construction in the states of Rajasthan and Uttar Pradesh. It is developing a solar plant in Chile that will generate 120 GW per year and has won contracts for new solar projects in Mexico. In Tanzania, ENGIE has installed a mini-network of photovoltaic panels in the village of Ketumbeine to provide rural populations with sustainable access to energy.

ENGIE is also active in the European market. Since the acquisition of Solairedirect in 2015, the Group is number 1 in the sector in France. It intends to roughly quadruple its installed solar capacity in France over the next five years. In Belgium, ENGIE installs photovoltaic solar panels for individuals and businesses through its subsidiary, Electrabel.

The Group is also responsible for a number of innovative projects around the world, including the Kathu concentrated solar plant in South Africa and the Alata Solar Smart Grid in Corsica, which allows the storage of solar energy.

AIE, report REN21 2016, Global market outlook for solar power 2016-2020.

ENGIE, Activity Report 2015, p. 27.

Engie SA published this content on 21 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 February 2017 14:54:10 UTC.


© Publicnow 2017
All news about ENGIE
05/04ENGIE  : Deutsche Bank remains Neutral
MD
05/03ENGIE  : Arrangements for taking part in the General Shareholders' Meeting on Ma..
PU
05/03ENGIE  : LONGi strengthens commercial cooperation with Engie to accelerate the t..
AQ
05/03GLOBAL MARKETS LIVE : Credit Suisse, Apple, Verizon...
05/03ENGIE  : Awaits EU General Court Ruling on Luxembourg Tax Appeal
MT
05/01AMAZON COM  : EU court to rule May 12 on Amazon, Engie appeals against tax order..
RE
04/30AMAZON COM  : EU court to rule May 12 on Amazon, Engie appeals against tax order..
RE
04/29ENGIE  : Receives a Buy rating from UBS
MD
04/27ENGIE  : announces development of a 2 GW renewable energy portfolio and total ex..
PU
04/27Sweden's Vattenfall shortlisted for 1 GW French offshore wind tender
RE
More news
Financials
Sales 2021 59 131 M 71 373 M 71 373 M
Net income 2021 2 476 M 2 989 M 2 989 M
Net Debt 2021 23 449 M 28 304 M 28 304 M
P/E ratio 2021 12,5x
Yield 2021 5,69%
Capitalization 30 283 M 36 507 M 36 553 M
EV / Sales 2021 0,91x
EV / Sales 2022 0,93x
Nbr of Employees 171 000
Free-Float 72,2%
Chart ENGIE
Duration : Period :
ENGIE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ENGIE
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 14,76 €
Last Close Price 12,53 €
Spread / Highest target 36,5%
Spread / Average Target 17,8%
Spread / Lowest Target -31,1%
EPS Revisions
Managers and Directors
NameTitle
Catherine MacGregor Chief Executive Officer
Judith Hartmann CFO, Executive VP-United Kingdom & Ireland
Jean-Pierre Clamadieu Chairman
Yves Le Gélard Chief Information & Digital Officer
Shankar Krishnamoorthy EVP-Strategy Innovation & Industrial Development
Sector and Competitors
1st jan.Capitalization (M$)
ENGIE0.08%36 507
NATIONAL GRID PLC7.95%46 078
ELECTRICITÉ DE FRANCE-9.00%43 843
SEMPRA ENERGY6.33%41 360
E.ON SE15.29%32 848
PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED7.32%31 604