Engie SA ( (FR:ENGI) ) has issued an update.
Engie SA has announced a strategic plan to invest €21 to €24 billion between 2025 and 2027, with a significant focus on renewables, batteries, and electrical networks. The company aims to achieve 95 GW of installed renewable and storage capacities by 2030, reflecting its ambition to become the best utility in the energy transition. Engie plans to accelerate its decarbonization efforts, targeting a 55% reduction in GHG emissions by 2030 compared to 2017. The company is positioned to leverage its integrated model and strong cash-flow generation to maintain balanced growth and seize investment opportunities, reinforcing its utility profile amidst global energy challenges.
More about Engie SA
Engie SA is a leading utility company focused on the energy transition, operating primarily in the renewables, flex power, infrastructures, and supply and energy management sectors. The company is committed to producing greener and smarter electricity, offering decarbonized electricity to its customers, and expanding its presence in electrical networks.
YTD Price Performance: 7.49%
Average Trading Volume: 2,221,480
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €39.87B
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