Connection

popular articles

The United Arab Emirates approves four renewable energy projects for 4.6 GW
Taiwan considers increasing its imports of American natural gas
France Unveils Its Multi-Year Strategy to Finance the Ecological Transition
Green light for Europe’s largest solar panel factory in Hambach
Baker Hughes and Woodside Energy announce partnership to develop small-scale decarbonisation technology

Engie plans to strengthen its renewable capacity with an investment of €24bn by 2027

Engie aims to accelerate its growth through 2030 by investing in renewable energy, batteries, and electrical grids, with a target of 95 GW of installed capacity by 2030.
  • [favorite_button]

Please share:

Engie, the French energy group, has announced an ambitious plan to strengthen its capabilities in renewable energy, batteries, and electrical grids. The objective is to reach 95 gigawatts (GW) of installed capacity by 2030, compared to 51 GW at the end of 2024. To achieve this, Engie plans to invest between €21bn and €24bn over the next three years, prioritising technologies that enable massive electrification and decarbonisation of global economies.

Targeted investment in renewables and storage

Engie’s investments will primarily focus on the renewable energy and storage sectors, accounting for around 75% of the allocated funds. In 2024, the group added 4.2 GW of renewable capacity, bringing its total portfolio to 46 GW. Furthermore, it recorded significant growth in the storage sector, with more than 5 GW either operational or under construction by the end of 2024. These investments aim to meet the growing demand for decarbonised electricity and position Engie as a key player in the energy transition.

Financial performance and forecasts for 2025

The group has revised its forecasts for 2025 following strong results in the renewable sector in 2024. However, overall revenue fell by 10.6% to €73.8bn due to a drop in energy prices and reduced market volatility. The renewable sector, on the other hand, saw a 7.3% increase in its operating profit, driven by exceptional hydrological conditions in France and Portugal as well as a strong contribution from new capacities commissioned, particularly in the United States and Europe.

Consolidation and de-risking of the group

Alongside its expansion in renewables, Engie has worked to reduce risks related to its nuclear operations. The group received approval from the European Commission at the end of February 2025 for an agreement with the Belgian government to extend the operation of two nuclear reactors in Belgium until 2035. This decision allows Engie to “de-risk” by securing the operation of its nuclear facilities in the region while enabling the company to focus on growth in renewable energy.

Register free of charge for uninterrupted access.

Publicite

Latest news

Tariff increases slow down energy projects in the United States
Velto Renewables and Q ENERGY launch 9 MWc solar park in partnership in Aude
ExxonMobil commits to unconventional resource development in Azerbaijan
Enlight secures $310mn to develop Spain’s largest hybrid power complex
France adjusts offshore wind contracts to avoid losses during negative pricing

Recently published in

Aegis Vopak Terminals goes public in Mumbai with €2.7bn valuation

Royal Vopak’s Indian joint venture rose nearly 3% on its first trading day in Mumbai, reaching an implied valuation of €2.7bn ($2.93bn).
Davidson Kempner acquires Swire Energy Services to strengthen offshore presence
US investment fund Davidson Kempner has reached an agreement to acquire Swire Energy Services, a provider of offshore equipment, strengthening its position in the global energy market.
en_1140290959540-2
Davidson Kempner acquires Swire Energy Services to strengthen offshore presence
US investment fund Davidson Kempner has reached an agreement to acquire Swire Energy Services, a provider of offshore equipment, strengthening its position in the global energy market.
en_1140290959540-2
ACWA Power to invest up to $10 billion in Malaysia for energy projects
Saudi-based ACWA Power has signed strategic agreements in Malaysia to develop up to 12.5 GW of energy capacity by 2040, with a potential investment of $10 billion.
en_1140290949540-16
ACWA Power to invest up to $10 billion in Malaysia for energy projects
Saudi-based ACWA Power has signed strategic agreements in Malaysia to develop up to 12.5 GW of energy capacity by 2040, with a potential investment of $10 billion.
en_1140290949540-16
Fusion Fuel plans £50mn strategic acquisition in UK fuel distribution
Fusion Fuel Green has signed a preliminary agreement to acquire a private UK-based fuel distribution company generating $58mn in revenue, through a £50mn debt-equity structured transaction.
en_1140290955540-15
Fusion Fuel plans £50mn strategic acquisition in UK fuel distribution
Fusion Fuel Green has signed a preliminary agreement to acquire a private UK-based fuel distribution company generating $58mn in revenue, through a £50mn debt-equity structured transaction.
en_1140290955540-15

ExxonMobil enters exclusive talks to sell its stake in Esso S.A.F.

ExxonMobil plans to sell its 82.89% stake in Esso S.A.F. to North Atlantic France, valuing shares based on €1.49bn cash holdings and a price subject to several adjustments.
TotalEnergies maintains its strategy despite economic pressures and activism
Patrick Pouyanné reassures shareholders by confirming TotalEnergies' strategic direction, combining hydrocarbons and low-carbon electricity, despite an unstable economic environment and climate activist protests in Paris.
en_1140290954540-11
TotalEnergies maintains its strategy despite economic pressures and activism
Patrick Pouyanné reassures shareholders by confirming TotalEnergies' strategic direction, combining hydrocarbons and low-carbon electricity, despite an unstable economic environment and climate activist protests in Paris.
en_1140290954540-11
SSE invests £2.9bn in infrastructure and reports stable profit for 2024/25
UK-based SSE recorded an adjusted operating profit of £2.42bn for fiscal year 2024/25, supported by record investments in networks and renewable energy.
en_1140290944540-11
SSE invests £2.9bn in infrastructure and reports stable profit for 2024/25
UK-based SSE recorded an adjusted operating profit of £2.42bn for fiscal year 2024/25, supported by record investments in networks and renewable energy.
en_1140290944540-11
Iberdrola acquires Electra del Maestrazgo’s electricity network to strengthen investments
Iberdrola has signed an agreement to acquire the distribution, supply and energy generation activities of Electra del Maestrazgo, a family-owned company operating in Castellón and Teruel, for an undisclosed amount.
en_1140290950540-10
Iberdrola acquires Electra del Maestrazgo’s electricity network to strengthen investments
Iberdrola has signed an agreement to acquire the distribution, supply and energy generation activities of Electra del Maestrazgo, a family-owned company operating in Castellón and Teruel, for an undisclosed amount.
en_1140290950540-10

John Bryson, former CEO of Edison International, dies at 81 after a landmark career

John Bryson, a key figure in the American energy sector, has died at the age of 81. The former CEO of Edison International played a decisive role during California’s electricity crisis.
New York approves $5 billion plan for electrification and energy efficiency
New York state regulators have approved a $5 billion budget for energy efficiency and electrification programmes, set to launch on January 1, 2026.
en_1140291010540
New York approves $5 billion plan for electrification and energy efficiency
New York state regulators have approved a $5 billion budget for energy efficiency and electrification programmes, set to launch on January 1, 2026.
en_1140291010540
Aircela launches a machine that produces gasoline from air and electricity
Aircela has introduced a unit capable of producing gasoline directly from air, water, and renewable electricity, without using fossil resources.
en_1140290946540-9
Aircela launches a machine that produces gasoline from air and electricity
Aircela has introduced a unit capable of producing gasoline directly from air, water, and renewable electricity, without using fossil resources.
en_1140290946540-9
Sustainability Partners takes control of Ecofin’s renewable assets in the United States
Sustainability Partners will now manage the operational oversight of Ecofin’s U.S. portfolio, comprising solar and wind projects under contract with investment-grade electricity providers.
en_1140290943540-9
Sustainability Partners takes control of Ecofin’s renewable assets in the United States
Sustainability Partners will now manage the operational oversight of Ecofin’s U.S. portfolio, comprising solar and wind projects under contract with investment-grade electricity providers.
en_1140290943540-9

Strathcona sells Montney assets for $2.84bn and acquires rail terminal

Strathcona Resources reshapes its portfolio with the $2.84bn sale of Montney gas assets and a $45mn acquisition of the Hardisty Rail Terminal to refocus on heavy oil operations.
Eni sells 20% of Plenitude to Ares in $13bn valuation deal
Italian group Eni enters exclusive talks with Ares to sell a minority stake in Plenitude as part of a targeted funding strategy for its low-carbon subsidiaries.
en_1140290958540-9
Eni sells 20% of Plenitude to Ares in $13bn valuation deal
Italian group Eni enters exclusive talks with Ares to sell a minority stake in Plenitude as part of a targeted funding strategy for its low-carbon subsidiaries.
en_1140290958540-9
SBM Offshore reports 27% revenue growth in the first quarter of 2025
SBM Offshore posted quarterly revenue of $1,103mn, driven by the Turnkey segment, while maintaining full-year targets and advancing the deployment of its floating units scheduled for 2025.
en_1140290961540-6
SBM Offshore reports 27% revenue growth in the first quarter of 2025
SBM Offshore posted quarterly revenue of $1,103mn, driven by the Turnkey segment, while maintaining full-year targets and advancing the deployment of its floating units scheduled for 2025.
en_1140290961540-6
Shell reports over $28bn in payments to governments in 2024
Shell paid $28.1bn to governments in 2024 for its extractive activities, with major flows reported in Nigeria, Malaysia and Oman, according to its regulatory disclosure in the United Kingdom.
en_1140290962540-4
Shell reports over $28bn in payments to governments in 2024
Shell paid $28.1bn to governments in 2024 for its extractive activities, with major flows reported in Nigeria, Malaysia and Oman, according to its regulatory disclosure in the United Kingdom.
en_1140290962540-4

CGN Brasil to invest $578mn in multi-energy hub in Piauí

CGN Brasil and the government of Piauí have signed an agreement to develop a 1.4 GW energy complex combining solar, wind and storage, with a planned investment of $578mn.
Iliad signs four new contracts to strengthen its energy supply in Europe
The iliad Group signs four new renewable electricity purchase agreements in France, Italy and Poland, bringing its total number of European energy projects to eight.
en_1140290960540-6
Iliad signs four new contracts to strengthen its energy supply in Europe
The iliad Group signs four new renewable electricity purchase agreements in France, Italy and Poland, bringing its total number of European energy projects to eight.
en_1140290960540-6
Romano Minozzi acquires a strategic 3% stake in Eni’s capital
Italian industrialist Romano Minozzi now holds over 3% of Eni, valued at €1.2bn ($1.33bn), according to the latest data published by financial regulator Consob.
en_1140290947540-6
Romano Minozzi acquires a strategic 3% stake in Eni’s capital
Italian industrialist Romano Minozzi now holds over 3% of Eni, valued at €1.2bn ($1.33bn), according to the latest data published by financial regulator Consob.
en_1140290947540-6
Enbridge posts record $1.71bn profit and reaffirms investment strategy
Enbridge reported a sharp rise in first-quarter 2025 results, driven by its hydrocarbon transport operations and recent acquisitions, while reaffirming its full-year financial outlook.
en_1140290943540-5
Enbridge posts record $1.71bn profit and reaffirms investment strategy
Enbridge reported a sharp rise in first-quarter 2025 results, driven by its hydrocarbon transport operations and recent acquisitions, while reaffirming its full-year financial outlook.
en_1140290943540-5

EDP reports €428mn quarterly net profit driven by strategic positioning

Energias de Portugal saw its profit rise by 21% in the first quarter, supported by expanded renewable capacity and favourable electricity market prices.
Aker ASA restructures its assets with two mergers and a $57.9mn acquisition
Aker ASA merges Aker Horizons and acquires a stake in SLB Capturi, consolidating its portfolio while preparing for a significant dividend distribution.
en_1140290960540-4
Aker ASA restructures its assets with two mergers and a $57.9mn acquisition
Aker ASA merges Aker Horizons and acquires a stake in SLB Capturi, consolidating its portfolio while preparing for a significant dividend distribution.
en_1140290960540-4
Coal India secures 4,500 MW deal with AM Green to diversify operations
Coal India will supply 4,500 MW of renewable energy to AM Green under a memorandum of understanding to power its future green ammonia facilities nationwide.
en_1140290952540-5
Coal India secures 4,500 MW deal with AM Green to diversify operations
Coal India will supply 4,500 MW of renewable energy to AM Green under a memorandum of understanding to power its future green ammonia facilities nationwide.
en_1140290952540-5
Siemens Energy raises annual outlook after 52% surge in orders
Driven by strong operational execution and robust demand across key segments, Siemens Energy reports double-digit revenue growth and upgrades its outlook for fiscal year 2025.
en_1140290960540-3
Siemens Energy raises annual outlook after 52% surge in orders
Driven by strong operational execution and robust demand across key segments, Siemens Energy reports double-digit revenue growth and upgrades its outlook for fiscal year 2025.
en_1140290960540-3

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS