Connection

popular articles

Niger faces an unprecedented gasoline shortage
Toyota criticized by scientists for its hydrogen vehicles
OPEC+: Production increases despite falling oil prices
Explosion in a gas field in Uzbekistan: Safety and management in question
ENGIE launches construction of one of Europe’s largest battery farms

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

Denmark considers lifting 40-year nuclear ban
Boralex Reports $41 Million Profit Despite Lower Energy Production
SpaceNukes to develop next-generation space reactor with University of Michigan
IEA lowers forecast on oil impact from electric vehicles by 2030
No cyberattack detected after massive power outage in Spain

Recently published in

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.
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
Axpo secures strategic contract to deliver 115 GWh of solar electricity to Auchan
Axpo will manage balancing and market delivery of solar electricity supplied to Auchan in Poland under a structured agreement with GoldenPeaks Capital.
en_1140290946540-5
Axpo secures strategic contract to deliver 115 GWh of solar electricity to Auchan
Axpo will manage balancing and market delivery of solar electricity supplied to Auchan in Poland under a structured agreement with GoldenPeaks Capital.
en_1140290946540-5

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

Enel posts €2bn net profit rise despite falling electricity prices

Italian group Enel exceeded analysts’ forecasts with €22bn ($23.66bn) in revenue in Q1 2025, driven by international operations.
RWE completes 999 MW in energy projects across the US and expands presence
German group RWE has commissioned six new energy projects in the US, reaching a combined capacity of 999 MW across wind, solar and battery storage technologies.
imgonline-com-ua-Resize-IgeO7EahX3GZ8
RWE completes 999 MW in energy projects across the US and expands presence
German group RWE has commissioned six new energy projects in the US, reaching a combined capacity of 999 MW across wind, solar and battery storage technologies.
imgonline-com-ua-Resize-IgeO7EahX3GZ8
Veolia takes full control of WTS in a $1.75 billion deal
Veolia acquires full ownership of Water Technologies and Solutions by purchasing the 30% stake held by CDPQ, further consolidating its growth strategy focused on industrial water technologies.
en_1140290946540-3
Veolia takes full control of WTS in a $1.75 billion deal
Veolia acquires full ownership of Water Technologies and Solutions by purchasing the 30% stake held by CDPQ, further consolidating its growth strategy focused on industrial water technologies.
en_1140290946540-3
Legrand posts 12.3% increase driven by data centre demand
Legrand reaffirms its annual targets after strong first-quarter growth driven by the expansion of data centres and solid commercial performance in the United States.
Le siege de l'entreprise Legrand a Limoges (87)
Legrand posts 12.3% increase driven by data centre demand
Legrand reaffirms its annual targets after strong first-quarter growth driven by the expansion of data centres and solid commercial performance in the United States.
Le siege de l'entreprise Legrand a Limoges (87)

Aker BP reaches $3.2bn in Q1 2025 revenue and confirms growth strategy

Oil company Aker BP maintained stable production and strengthened its cash position in Q1 2025 while advancing key projects and new discoveries in the Norwegian Sea.
Exterra raises CA$20mn to industrialise mining residue transformation in Québec
Québec-based Exterra Solutions Carbone closes a CA$20mn Series A round to build the world’s largest asbestos residue treatment plant and expand its technologies internationally.
en_1140290953540-2
Exterra raises CA$20mn to industrialise mining residue transformation in Québec
Québec-based Exterra Solutions Carbone closes a CA$20mn Series A round to build the world’s largest asbestos residue treatment plant and expand its technologies internationally.
en_1140290953540-2
Marathon Petroleum posts $74mn net loss in Q1 2025
Marathon Petroleum reported a net loss in Q1 2025 due to a major maintenance programme, while its midstream unit supported results with an 8% rise in adjusted EBITDA.
en_1140290961540-2
Marathon Petroleum posts $74mn net loss in Q1 2025
Marathon Petroleum reported a net loss in Q1 2025 due to a major maintenance programme, while its midstream unit supported results with an 8% rise in adjusted EBITDA.
en_1140290961540-2
Euronext launches three indices to strengthen defence and energy financing
Stock exchange operator Euronext unveils thematic indices to channel capital into Europe's strategic energy, defence and aerospace sectors.
en_1140290956540-2
Euronext launches three indices to strengthen defence and energy financing
Stock exchange operator Euronext unveils thematic indices to channel capital into Europe's strategic energy, defence and aerospace sectors.
en_1140290956540-2

Sunoco acquires Parkland for $9.1bn and creates new listed entity SUNCorp

US distributor Sunoco will acquire Canada's Parkland for $9.1bn, including debt, in a mixed transaction and form a separate listed entity, SUNCorp, whose shares will be treated as corporate stock for tax purposes.
Shell appoints Colette Hirstius as head of US operations
Shell announced the appointment of Colette Hirstius as President of Shell USA starting August 1, succeeding Gretchen Watkins after seven years in the role.
en_1140290962540
Shell appoints Colette Hirstius as head of US operations
Shell announced the appointment of Colette Hirstius as President of Shell USA starting August 1, succeeding Gretchen Watkins after seven years in the role.
en_1140290962540
ADNOC Gas exceeds expectations with $1.27bn net profit in first quarter
Emirati producer ADNOC Gas recorded a 7% increase in net profit in Q1 2025, driven by sustained domestic demand and efficient operational management.
en_1140290947540
ADNOC Gas exceeds expectations with $1.27bn net profit in first quarter
Emirati producer ADNOC Gas recorded a 7% increase in net profit in Q1 2025, driven by sustained domestic demand and efficient operational management.
en_1140290947540
ExxonMobil reports 6% drop in quarterly profit despite increased synergies
Falling refining margins and weaker oil prices weighed on ExxonMobil’s Q1 results, while the group now expects $3bn in annual synergies from its acquisition of Pioneer.
en_1140290963540
ExxonMobil reports 6% drop in quarterly profit despite increased synergies
Falling refining margins and weaker oil prices weighed on ExxonMobil’s Q1 results, while the group now expects $3bn in annual synergies from its acquisition of Pioneer.
en_1140290963540

Chevron sees net profit drop 36% in Q1 2025

Chevron reports a sharp decline in quarterly results, impacted by weak refining margins, stable production and exceptional charges in the United States and the United Kingdom.
Shell posts net profit of $4.8bn in Q1 2025 despite falling oil prices
Shell plc recorded a net profit of $4.8bn in the first quarter of 2025, down 35%, but above analyst expectations, supported by solid operational performance and a new share buyback programme.
en_1140290968540-2
Shell posts net profit of $4.8bn in Q1 2025 despite falling oil prices
Shell plc recorded a net profit of $4.8bn in the first quarter of 2025, down 35%, but above analyst expectations, supported by solid operational performance and a new share buyback programme.
en_1140290968540-2
TC Energy invests CA$2.4bn in nuclear and natural gas
TC Energy is committing CA$2.4bn to two major projects in North America, targeting rising energy demand and the long-term value of regulated assets.
en_1140290965540
TC Energy invests CA$2.4bn in nuclear and natural gas
TC Energy is committing CA$2.4bn to two major projects in North America, targeting rising energy demand and the long-term value of regulated assets.
en_1140290965540
Air Products posts $1.7bn net loss and exits three US projects
Air Products reports a substantial loss in Q2 of fiscal 2025, driven by charges tied to a strategic review of its US project portfolio.
en_1140290967540
Air Products posts $1.7bn net loss and exits three US projects
Air Products reports a substantial loss in Q2 of fiscal 2025, driven by charges tied to a strategic review of its US project portfolio.
en_1140290967540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS