The total funds allocated under this issue to Eligible Projects developed during the years 2016 and 2017 amount to 81 million euros and 1419 million euros respectively. These amounts make it possible to allocate €1,500 million, i.e. the totality of the Green Bond issued in March 2017. The March 2017 Green Bond contributed to the financing or acquisition of Eligible Projects in the fields of renewable energy and energy efficiency.
|Project type||Technology||Region||Project name||Country||CAPEX (in million euros)|
|Renewable||Wind||Europe||Projets de CN’AIR, ENGIE Green, LCV)||France||293|
|South America||Campo Largo||Brazil|
|North America||Très Mesas||Mexico|
|Solar||Europe||Solaire Direct, Projets de ENGIE Green, CN’AIR, LCV||France||72|
|South America||Paracatu, Floresta (1)||Brazil|
|Global capex in million euros for renewable energy projects||412|
|Energy Efficiency||District cooling||Asia||Tabreed||Emirats Arabes Unis||657|
|Energy Efficiency||North America||Green Charge||USA||51|
|Ohio State university||USA||126|
|Smart Grid (GAZPAR)||France||78|
|South America||Salto Santiago||Brazil||9|
|Global capex in million euros for energy efficiency projects||1088|
|Total||Global capex in million euros||1500|
Description of projects
Solar and wind projects in France
ENGIE, a major player in renewable energy production in France, is committed to the energy transition and the development of renewable projects The allocated capex related to the wind and solar projects of its solely owned subsidiary ENGIE Green, resulting from the merger of Futures Énergies and Maia Eolis in 2016 and LCV - La Compagnie du Vent - in 2017 and its subsidiary CNR (Compagnie Nationale du Rhône - 49.9%) through its subsidiary CN'Air (hydroelectricity, onshore wind and solar photovoltaic) for a total installed capacity of 142 MW and 36 MW respectively for wind and solar power. Also worth noting are the two offshore wind projects in Dieppe/Le Tréport, and l’Ile d’Yeu/Noirmoutier (2 x 500 MW in capacity, projects 47% owned by ENGIE). The 2016 financial capex relating to the buyout of minority interests in Solaire Direct has also been included.
Wind (Campo Largo) and solar (Floresta and Paracatu) projects in Brazil
ENGIE, which is the main private electricity producer in Brazil (about 6% of the country's installed capacity) is continuing its development through new renewable energy production projects. Thus renewable energy represents 90% of its installed capacity in Brazil. Capex projects currently under construction and financed by the Green Bond are the Campo Largo onshore wind farm (327 MW), and the Floresta (86 MW) and Paracatu (132 MW) solar farms.
Offshore project (UK)
In September 2011, the Group won a contract with the Portuguese company EDP Renováveis to develop a 950 MW offshore wind farm in the United Kingdom. ENGIE stake: 23%.
Onshore wind project in Australia
ENGIE began pre-construction work in 2017 on the 119 MW Willogoleche wind farm near Hallett in the Mid North region of South Australia. ENGIE's interest in this project is 72%.
Two cogeneration projects to supply heating networks and operating in biomass co-combustion were integrated into the Green Bond of March 2017 (Mâcon in France - 100% ENGIE, and Sisslerfeld in Switzerland - 60% ENGIE) for an injected biomass estimated at 230 GWh.
Tabreed (United Arab Emirates)
In July 2017, ENGIE bought a 40 percent stake in Tabreed (National Central Cooling Company PJSC), which provides innovative cooling solutions for buildings and other infrastructure to the United Arab Emirates and the member countries of the Gulf Cooperation Council (GCC). The company delivers the equivalent of over 1 million tons of cooling to its clients across 71 district cooling plants located throughout the region, replacing individual refrigeration systems with 40% lower efficiency.
Ohio State University Project (USA)
In April 2017, ENGIE (50%) and Axium Infrastructure US (50%) won a 50-year concession to sustainably manage Ohio State University’s energy infrastructure. The contract pertains to the operation and optimization of the university’s energy production and distribution facilities, and energy efficiency services to reduce energy consumption by 25% within the first ten years of the contract.
In March 2017, ENGIE acquired Keepmoat Regeneration, the UK’s leading provider of regeneration services, improving buildings, places and communities through refurbishment and upgrade. Keepmoat has extensive capabilities in creating zero carbon new homes, retrofitting high-rise residential accommodation and supporting the cost reduction and energy efficiency targets of community regeneration projects, such as insulation and heating solutions to on-site generation and energy consultation services. Energy savings were estimated using statistical data based on installed technology. Most of the savings were generated from heat insulation with an estimated efficiency of 20 percent.
Green Charge Project (USA)
In 2016, ENGIE acquired an 80 percent stake in California-based battery power storage company Green Charge Networks (Green Charge). It uses advanced patented software algorithms and analytics to optimize battery systems at commercial & industrial (C&I) and public sector customer sites in the United States. These systems generate financial and environmental benefits by storing energy from an efficient system (generally combined cycles) and avoiding non-efficient peak systems considered 40% less energy efficient.
Project Smart Grid (Gazpar - France)
Since January 2016, more than 160,000 smart meters have been installed in 24 pioneering municipalities. The general roll-out of these gas meters began in May 2017 and will gradually be extended to all French metropolitan regions, benefiting approximately 11 million customers. The smart gas meter allows customers to monitor their consumption to better control it. A technical and economic study carried out under the supervision of the French Energy Regulation Authority ("CRE") based on the GRDF scope, estimated the total possible gains in terms of energy savings following the installation of these smart meters at 1.5%.
For CDM (Clean Development Mechanism) projects registered and approved by the United Nations, the results of the calculations are based on the underlying methodologies
Reduced and avoided emissions of the March 2017 green bond
In the full operating phase, renewable projects (at 100%) should contribute to avoid greenhouse gas emissions of at least 2.2 million tons of CO2eq/year while energy efficiency projects (at 100%) should contribute to reduce greenhouse gas emissions of at least 1.1 million tons of CO2eq/year, that is, a total of 3.3 million tons of CO2eq per year.
Technology and regional breakdowns of the impacts in tons of CO2 eq /year of the projects financed by the Green Bond of March 2017 are set out below (at 100%).