ENGIE SA

Adding 16GW of renewables capacity over 2022-2025, and an increase in total renewables capacity to 50GW by 2025 and 80GW by 2030 from 31GW at year-end 2020, including its large hydropower portfolio. A new target of net-zero emissions by 2045 across all scopes, notably through exiting coal generation in Europe by 2025 and globally (mainly Latin America) by 2027. Renewed focus on asset-backed energy solutions business, with the asset-light client solutions business (recently reorganized under the Equans division) slated for disposal by 2022. A relatively stable contribution from networks, comprising mainly mature gas distribution and transportation grids in France, whose EBITDA contribution will likely decline somewhat relatively to the anticipated increasing exposure to international power networks. The allocation of growth

...ENGIE's revised strategy provides more clarity on the group's medium-term ambitions for renewables and infrastructure projects. On May 18, 2021, ENGIE released its capital allocation strategy, which focuses on renewables and infrastructure, along with a sizeable disposal plan and new performance program. The key features are: + Adding 16GW of renewables capacity over 2022-2025, and an increase in total renewables capacity to 50GW by 2025 and 80GW by 2030 from 31GW at year-end 2020, including its large hydropower portfolio. + A new target of net-zero emissions by 2045 across all scopes, notably through exiting coal generation in Europe by 2025 and globally (mainly Latin America) by 2027. + Renewed focus on asset-backed energy solutions business, with the asset-light client solutions business (recently reorganized under the Equans division) slated for disposal by 2022. + A relatively stable contribution from networks, comprising mainly mature gas distribution and transportation grids in France,...

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