By 2050, over $15 trillion are expected to be invested in power generation globally with over 70% in renewables. Do you see eventually opportunities in the future going forward with the convergence between power network and gas network considering the evolution of the hydrogen, Catherine? Its going to take us some time. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. And with that, Im pleased to hand you over to Catherine. As CEO of ENGIE, I am particularly proud of what we have achieved with our teams. She is the only female CEO in France's CAC-40 stock index; French Finance Minister Bruno. Could you just give us an idea on the potential accounting impact of the operations that you are doing on this subsidiary? Weve proven that over and over again in very, very recent past. So thats a positive. A key part of that strategy is its Ocean Winds joint venture with EDPR, which has set out its stall as a global leader in offshore wind. So let me start then with your question on Thermal. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. We also increased the share of renewables in our portfolio to 31%, and I will cover this in more details shortly. Is it something that could be you realize value of and take advantage of low rates? So there will be a capital gain on this. In the summer of 2019, she chose to pursue her career in the energy industry by joining the Executive Committee of the TechnipFMC Group to lead its onshore and offshore engineering and construction activities, Technip Energies. Not related to what I normally post, but I saw an article this morning from #NewstalkZB and thought it was brilliant. Published on 2 October 2020 at 12:48pm EST on Uk.Reuters. They represent a key long-term growth engine for the group. Problem: 40% of the hours of the month there is minimum wind and zero sun. For the first part of the transactions, you mentioned the first buyout of or rather the buyout of a part of your minorities in Latin America. It is important to say that our renewables growth ambition is not about entering a gigawatt race. We have a new business organization and leadership team who is focused on performance, and weve committed to executing our strategy to accelerating the group growth and to strengthening our commitment to the energy transition. And so every year, we will allocate capital to that, and thats 1.3 billion a year. What are you looking at? EBITDA and COI were both down significantly from last year mainly due to the impact of the pandemic. So two questions, please. Its not like a 2020 event. Laut Konzernchefin Catherine MacGregor werde man im laufenden Geschftsjahr 2023 einen Gewinn zwischen 3,4 und 4 Mrd. And Ill turn to Judith maybe for the cash flow from Nuclear. How the biggest companies plan mass lay-offs, The benefits of revealing neurodiversity in the workplace, Tim Peake: I do not see us having a problem getting to Mars, Michelle Yeoh: Finally we are being seen, Our ski trip made me question my life choices, Apocalypse then: lessons from history in tackling climate shocks. modifier - modifier le code - modifier Wikidata. And the second one is very bad timing. Engie hires oil & gas veteran Catherine MacGregor as CEO for energy Thank you very much for your attention, and I would like to turn now the line back to the operator for the Q&A session. How the biggest companies plan mass lay-offs, The benefits of revealing neurodiversity in the workplace, Tim Peake: I do not see us having a problem getting to Mars, Michelle Yeoh: Finally we are being seen, Our ski trip made me question my life choices, Apocalypse then: lessons from history in tackling climate shocks, Smart data to help spot risk and opportunity, Lex, our agenda-setting business commentary (Premium only), Due Diligence, an exclusive M&A newsletter (Premium only). Overall, we have 100 cooling networks with a total installed capacity of 6.1 gigawatts and 300 heating networks of various sizes that distribute 19 terawatt hours yearly. Okay. And thats really the key part of what we do. We expect to invest between 5.5 billion and 6 billion in growth CapEx with over 90% allocated to our strategic priorities. One second, it will be over soon. We announced last December that EVBox would be listed on the New York Stock Exchange. Estabelecer as diretrizes legais e normativas para incentivar a contratao de pessoas com 50 anos ou mais nas organizaes privadas atravs da reduo de impostos sobre a folha destes empregados. Tax charges were 300 million lower mainly due to the decrease in profit. Climate Week NYC 2021: Interview With Catherine MacGregor, CEO Of ENGIE 2020 was really a milestone year for ENGIE in the U.S. with nearly 2 gigawatts of this new capacity commissioned across four states, taking our total installed renewable generation there to over 3 gigawatts. And does is your vision about full ownership versus minorities guiding your capital allocation going forward? We have a high performing gas fleet, as you know, which is very important in our mind to bring the flexibility to the system. Please. Firstly, Id like to share everyones sentiments in wishing Catherine well in her role. I have two questions, and I continue with the trend, 1 for Catherine and 1 on the details for Judith, please. Live from New York and. This decision, effective as from January 1st 2021, is the result of a selection process, led by Jean-Pierre Clamadieu, Franoise Malrieu and members of the Appointments, Compensation and Governance Committee, following the highest standards of governance. We will then consider next steps and review future ownership options for the new entity in the second half, maximizing value and acting in the interest of all our stakeholders. Because there was a time when that business was making around 600 million of COI. We strengthened our leadership in green bonds having issued 2.4 billion green bonds in 2020 for a total of 12 billion since 2014. Delivering on decarbonization while ensuring reliability and affordability can only be achieved through a combination of centralized and decentralized solution and with a mix of energy sources. hosting the engineering activities. And Judith? And finally, we also strengthened our position in the rapidly growing market of corporate PPAs with over 1.5 gigawatts of contracts signed in 2020. Together, let's continue to make a difference! She occupied a number of roles within [] Ill start just to say that, I mean, youve identified, yes, two important aspects of our simplification efforts. ENGIE - Catherine MacGregor, Chief Executive Officer of ENGIE from 1 Elle travaille pendant 23 ans chez Schlumberger. Thank you. Its were rounding numbers here, as you can see, because like I said, this is our target. This was notably due to the discounting of liabilities related to hydro concessions in Brazil that are indexed to inflation and which increased significantly in 2020. You have to keep in mind, about 200 million of that were related to SUEZ, which is now gone, of course. We have already secured better pricing for 18% of our 2021 output at 46 per megawatt hour. And I can confirm that the whole executive committee is passionate about moving along our strategy and enhancing our performance culture. For this, I would like to say a big thank you to Judith, Paulo and Claire for their strong leadership in 2020, as they had the dual challenge of advancing the group simplification agenda whilst, at the same time, ensuring we continue to deliver essential services to our customers. And then I also had a question on the coal phase out. We are investing significantly in these activities to ensure safety and reliability as well as improving energy efficiency. French giant Engie has concluded its search for the new chief executive officer, naming Catherine MacGregor to the position. Before I share my view on 2021, here are our 2020 financial highlights. In Latin America, COI was up significantly, driven by the scope in effect and higher organic contribution of TAG, which, Im very pleased to say, has outperformed our expectations. https://noviocean.energy/documents/ And Networks, given that we do, we continue to invest here in France into the RAB, you will see a relative quick turnaround into contribution. Higher D&A was mainly due to accelerated amortization of some distribution assets. A warm welcome as well to you, Catherine MacGregor. Also adding to national energy insecurity and dependence on fossil producing countries at colossal scale. - Accompany our customers in their decarbonization strategies to face the climate emergency From 2013 to 2016, she also served as president Europe & Africa at Schlumberger, before being promoted in 2017 to president of the drilling business, while based in London. Vocs conseguem nos apoiar? Engie appoints oil services executive to execute new renewables strategy First, you will hear from our new CEO, Catherine MacGregor, on the highlights of 2020, followed by our CFO, Judith Hartmann, on our financial performance. Thanks to Faye Kirby and Rodica Roman for organizing the event and thanks to the many helpers! All information you need to have a pleasant time during the event. Onshore wind can be 1.5 years. Then rapidly followed: "what am I gonna use that for ? She has spent her entire professional career working in the energy sector. #buckminsterfuller #trimtab #climatechange. And in terms of the supply, were really expecting supply to recover mainly from less COVID impacts, also looking at the temperature, which will improve. In green mobility, were a leading global provider of smart charging solutions for electric vehicles through EVBox, a start-up we acquired in 2017. Catherine Macgregor, Engie SA: Profile and Biography You may change or cancel your subscription or trial at any time online. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. This very unusual year translated into a mixed set of numbers. We have some core competencies. And if so, what quantity? Before that she had a 23-year career with oilfield services giant Schlumberger, ending as president of the drilling business. Were going to really focus on a few geographies. At Climate Week NYC 2021, the CEO of ENGIE, Catherine MacGregor explains how ENGIE will actively participate in decarbonizing its emissions by 2030. Nothing much more structural than that really, James, on supply improvement. Carbon neutrality is at the heart of ENGIEs purpose and central to our strategic direction. I mentioned earlier two things actually. The 48-year-old MacGregor replaces Isabelle Kocher, who was ousted by the Engie board in February, ensuring that a woman maintains a place at the top table of a major European utility. When expanded it provides a list of search options that will switch the search inputs to match the current selection. I will now hand you back to Catherine for our 2021 priorities. I guess, whats the kind of your average period of sort of non-productive capital work in progress? Yes. This is value neutral over time as D&A is integrated in the regulated revenue. Currently, we have 3 gigawatts under construction for commissioning in 2021, and we are on track to achieve the 2019 target of commissioning 9 gigawatts in three years by the end of this year. But when you think about where that green hydrogen will be produced and where it will be consumed, the fact that we have infrastructure to transport this hydrogen, potentially to store this hydrogen will play to our strength. Head of Core Laboratories US - Alpharetta Site Manager, Thanks to Solvay Alpharetta employees Michael O'Keeffe and Edna Carbajal for reaching out to students in Dawson county GA for their junior high school career fair and mock interview days. As we are reminded by extreme events, such as the recent ones in Texas, it is critically important that decarbonization of the energy mix is both reliable and affordable. I think there was another question, which was related to the calendar. "Until regulations happen," they muse, "there's really nothing I, or my company, can do to make a difference." As always, my team and I are here to assist you, so do please reach out. Hydro had a strong increase organically but was down from a growth perspective because of the FX, of course, in the Brazilian real, and wind was an increase for the obvious reasons because we have been investing quite significantly in the past few years. These positive effects were partly offset by lower volumes mainly due to a decrease in availability of our Belgian assets caused by the last planned LTO maintenance works on Doel 1, Doel 2 and Tihange 1. Why the effort to reorganize this entity given the strategic review regarding a potential disposal? We have 101 gigawatt of gross power generation capacity, of which around 30% from renewables. And then, of course, you also remember that, in 2020, we have decided to more consolidation where it makes strategic and financial sense, as it was mentioned earlier. It is such an exciting time to have joined ENGIE, exciting time for the group and for the energy industry as a whole. However, the gross COI evolution was negative 125 million mainly due to foreign exchange. This included 4 billion of growth CapEx, almost exclusively in our areas of strategic growth with approximately 40% in renewables, 40% in networks, and 15% in asset-based Client Solutions. Okay. Un article de Wikipdia, l'encyclopdie libre. This is one of the largest renewable PPAs signed with an industrial group in Belgium and demonstrates the growing appetite for PPAs from a broader range of customers. A primeira anlise que feita pelo corpo tcnico do Senado j foi feita e agora a ideia est disponvel para votao popular. PDF CATHERINE MACGREGOR Directrice Gnrale - Engie From 2013 to 2016, she also served as President Europe & Africa at Schlumberger, before being promoted in 2017 to President of the Drilling business, while based in London. But now that we have officially become Equans for a few weeks, this message that all ENGIE employees worldwide will receive a bonus of 1500,- comes as a disappointment. Included within this guidance is an estimated impact that follows the extreme cold weather in Texas earlier this month. This will mean a transition based on a combination of electrification and decarbonization of gas as well as on the development of flexible and resilient energy systems. We also continued to benefit from the cost actions launched in the second quarter. For cost savings, you can change your plan at any time online in the Settings & Account section. We completed the SUEZ transaction in October and launched further strategic reviews. The commitment and mobilization of all our teams at ENGIE is truly exceptional and it is an honor to be a part of such a dedicated and forward-thinking organization! We think, in general, gas is going to be important in this energy transition. Yes. Regarding Client Solutions project backlog, we recorded a total increase of 5% since December 2019, representing approximately 13 months of activity. Previous to these positions, she has worked 23 years at Schlumberger, the world's leading provider of reservoir characterization, drilling, production and processing technologies for the oil and gas industry. The first one regarding the network convergence. organisation Its a geography refocus. On quick one on numbers, on guidance. I wish to thank Paulo Almirante, Judith Hartmann and Claire Waysand who will continue to serve as the interim management team until January 1st., I would like to thank the Board of Directors for the confidence it shows in me. We also dynamically managed our hybrid bonds, which are showing an average outstanding amount of 3.9 billion. Great post Catherine Fiamma MacGregor! So I was wondering whether you could share some thoughts on perhaps where you might be able to get back to perhaps over the medium term in that business? We support credit card, debit card and PayPal payments. We maintained a high level of liquidity with 23 billion, including 13.3 billion of cash as at the end of December 2020. Its the first step. on average over the medium-term, while increasing the number of renewables projects retained on its balance sheet. Find here the list of all the sessions presented by this speaker in order not to miss any of it. And I was very pleased to hear that you put simplification at the center of your new vision for the group. So for my question, the first is on the asset rotation. So if you add those two effects together, you go from 150 million positive to roughly 160 million positive in 2021. And I think, namely complexity is one thing. #solvaylife #futureemployees #career #mockinterviews, Bringing some sun and fun to the Solvay Alpharetta site in February, employees and friends enjoyed an Hawaiian themed luau complete with ukulele music from Jason Chung and Ryan Carey. We want to develop and further our differentiation. We have strict criteria, and we will stick to them. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. Joe Biden teaches the EU a lesson or two on big state dirigisme, Elon Musks Twitter is dying a slow and tedious death, Who to fire? Okay. So this is becoming real. And then the second one, its for Catherine. Networks were mainly impacted by warm temperatures and by higher D&A. and other data for a number of reasons, such as keeping FT Sites reliable and secure, [Foreign Language]. The ability to manage risk, we see mature risk increasing in the renewable arena, and we are really good at that.