Excluding the scope out effect of SUEZ in the fourth quarter, the second half performance in 2020 was similar to previous year. or How old is Ms MacGregor? These factors, together with a track record in decentralized infrastructure and a fast-growing position in renewable gases, means we are very well placed indeed. I was very pleased to participate in the 9th Ministerial Meeting of the Southern Gas Corridor Advisory Council, and the 1st Ministerial Meeting of the Green Energy Advisory Council, held in #Azerbaijan last week. 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. We remain focused on executing disposals at pace, continuing to simplify the group, creating value and reallocating capital towards growth. This higher tax rate included notably the adjustment of carrying value of some deferred tax assets and the one-off effect of the tax rate change in the UK. And as a result, the second half of 2020 was actually similar to H2 2019 on an organic basis. We are facing an unparalleled opportunity to play a clear and meaningful role in tackling climate change. And while were not going to grow it at the same rate as Renewables and Networks, we will be opportunistic in managing this fleet. *Criao da poltica nacional de incluso das pessoas 50+ no mercado de trabalho* We have a team of about 300 developers who are really good at what they do. Lastly, no change on the rating since mid-November, in line with the strong investment grade we aimed for. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. So youve been talking about investment discipline. We use French energy group Engie's ENGIE.PA board is set to appoint Catherine MacGregor, a top executive at Franco-American oil services firm TechnipFMC FTI.N as CEO, eight months after the ouster of Isabelle Kocher, a source familiar with the situation told Reuters. 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. About Catherine MacGregor MacGregor became the CEO of French energy company Engie in January 2021. So Paulo, Ccile, Edouard and Sbastien will be obviously leading this organization effort, which I very, very much look forward to, indeed, seeing simplified over the coming months. But really appreciate, thanks again ! Networks were mainly impacted by warm temperatures and by higher D&A. 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. On organic evolution per business line, Renewables, Thermal and Nuclear were resilient and even grew organically. Before that she had a 23-year career with oilfield services giant Schlumberger, ending as president of the drilling business. And on these assets, if you assume the five remaining years until 2025, its about 150 million of impact a year positive. And so our thermal fleet has a very, very important role to play there. Now having said that, we are also very excited about transitioning our gas systems into renewable and by that, I mean, renewable gas. By Gwnalle Barzic and Geert De Clercq. So these are some of the things that we are excited about when we think about our network assets, and we like it. Bereits 2025 wolle Engie wieder einen Gewinn von bis zu 4,7 Mrd. Her appointment as a member of the Group's Board of Directors will be proposed for approval at the General Shareholders' Meeting in 2021. Iberdrola shares nearly doubled. We are assessing the situation, which mainly affects renewables and supply activities. Let me know below In terms of operational performance, I am pleased that the group made progress at pace despite the challenging backdrop. 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. Together, let's continue to make a difference! Congratulations to all of our employees on the well-deserved bonus. This is value neutral over time as D&A is integrated in the regulated revenue. One was the CapEx. In other words, direct stable energy is needed these hours. Onshore wind can be 1.5 years. We continued to put in place dedicated action plans, including OpEx reductions and G&A resizing. We have a lot of experience over the years developed through our generation and thermal activity. So if you add those two effects together, you go from 150 million positive to roughly 160 million positive in 2021. Soliane Varlet, gestionnaire de portefeuille de notre stratgie actions Women Leaders, s'entretient avec Catherine MacGregor, Directrice gnrale d'Engie, l'. Weve seen peers in renewables showing a bit of a lack thereof of investment discipline, among other thing, the auction in UK offshore. On quick one on numbers, on guidance. She has spent her entire professional career working in the energy sector. We have 101 gigawatt of gross power generation capacity, of which around 30% from renewables. So for my question, the first is on the asset rotation. ENGIE announces that Catherine MacGregor took up her post as Chief Executive Officer of the Group on 1 January 2021. A short stay for a rich experience and deep learning. Catherine Macgregor (Courtesy of Engie) MacGregor began her career at Schlumberger in 1995, where she spent 23 years in important positions on all continents. We also continued our relentless pursuit of simplifying the group. Yes. Price is going up. We also posted higher financial costs. She was in charge of the entitys IPO. Posted mercredi, avril 14 2021 Last month, with her feet barely under the desk, Catherine MacGregor was required to appear before the French senate's economic affairs committee be grilled on Engie's strategy. Now that makes me and that makes the team, obviously, extremely motivated and optimistic that we are going to get the benefit from these tailwinds because, as a team, we are extremely focused in making sure that we do outperform, and outperform our peers, outperform the market. So this is becoming real. And Ill turn to Judith maybe for the cash flow from Nuclear. Simply log into Settings & Account and select "Cancel" on the right-hand side. The 3 gigawatt that we commissioned last year is in our key growth market for renewables, namely the U.S., Europe and Latin America. Catherine was President of Technip Energies at TechnipFMC, and President of Drilling at Schlumberger. Its were rounding numbers here, as you can see, because like I said, this is our target. Our near-term priority in the region is to commission two major electricity transmission projects. Judith, you want to answer the second question? Lastly, COI for other activities decreased as 2019 benefited from a positive one-off related to partial sale of a gas supply contract, in 2020 was impacted by COVID mainly due to credit losses for GEM. ENGIE is a major player in the energy sector, and we are extremely well placed to tackle most of the challenges posed by this transition. In Client Solutions, overall, we are expecting a strong recovery from COVID, albeit with a relatively slower recovery for asset-light activities. So two questions, please. 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? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. I have only started to get to know them, and Im already extremely impressed by their engagement, their professionalism and their talent. I was wondering whether you could just remind us where youre still using coal in district heating and what the options are there, whether youre planning on investing and converting those units to cleaner fuels? And when we reflect about some of the trends around electrification, around the growth in renewables, we realize that flexibility, dispatchability are going to be very important to the future of the energetic mix. So if we have opportunities, which, from an energy transition makes sense, because, for example, they would replace coal or even worst, fuel assets and bring a solution of flexibility to the system is something that we might consider. We have also good fleet in Middle East and also Latin America. Catherine MacGregor is an engineer and graduate of cole Centrale de Paris (CentraleSuplec). So can you be a little bit more specific about where the extra CapEx is being spent this year and how youve been able to ramp it up so quickly? Lets keep in mind that revenues are also indexed to inflation and will benefit from that increase over time. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. This decision to appoint Macgregor, effective as of January 1, 2021, is the result of a selection process started at the end of July. Yes, its hard to give any precise guidelines on that because, of course, it depends on the M&A and greenfield mix, and it depends on the type of projects that youre after. COVID weighed particularly heavily on Client Solutions and on Supply. Supplies offered a net COVID impact of roughly 290 million mainly due to lower consumption, bad debt and lower B2C services. fusion, This decrease in total COI was mainly driven by a negative 1.2 billion COVID impact, a negative 300 million pressure from foreign exchange mainly due to the depreciation of the Brazilian real and a negative 160 million impact from French temperatures. organisation 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. A quick word on the agenda for this morning. So we really have some really nice differentiation that we want to use in order, for sure, to be competitive but without sacrificing the return. janvier 2021 en qualit de Directrice Gnrale. ENGIE has developed a strong platform in Client Solutions from which we can tap into the growth in this space. Ses parents, d'origine corse et basque[1], sont professeurs. Strategy: we have made progress in the execution of our plan to build a stronger and more unified Group, on the offensive to accelerate the energy transition. And so we are working really hard on these networks to find alternatives to use preferably renewables, things like biomass for example. We intend to retain a higher ownership of our renewables project where it is strategically and economically rational as we indicated in our strategic orientation. Her main mission was to prepare for the spin-off and IPO of this entity, with energy transition at the heart of the strategy. As CEO of ENGIE, I am particularly proud of what we have achieved with our teams. So let me start then with your question on Thermal. All options for the sale of Equans, the newly-created services unit of French energy group Engie (ENGIE.PA), are being considered, including a possible listing, Chief Executive Catherine MacGregor . We also benefited from higher contributions of GTT thanks to a strong past order intake. They represent a key long-term growth engine for the group. Following the launch of the new strategic orientation in July, ENGIE completed the disposal of its 29.9% shareholding in SUEZ in October. I would say that some of the things that were decided last year with these strategic orientations, I am very, very convinced that well address some of the shortfalls that can explain some of the ENGIEs underperformance in the past few years.