Green bonds issued between January and September 2023

Depending on their issue dates, green bonds were allocated under either the March 2020 Green Financing Framework or the 13 June 2023 framework.

The projects (and the related capex) set out in the above table for a total of €4.70 billion are allocated globally to the green bonds issued between January and September 2023, in proportions that finalized the allocation of the green bonds issued between January and July 2023 and partially allocated the green bond issued in September 2023.

Of the funds allocated to eligible green projects during 2023, €1.2 billion related to investments made during 2022 and €3.5 billion to investments made in 2023.

Renewable energy production

Total of €2.6 billion was allocated to eligible green projects related to renewable energy production.
At end 2023, the Group’s installed electricity production capacity, taken at 100%, represented 41% of its total installed capacity. ENGIE continued expansion of renewable assets, mainly wind and solar, and investments in offshore wind via the joint venture, Ocean Winds. With respect to renewable gases, ENGIE acquired Ixora Energy Ltd, a leader in biomethane production in the UK, with a production capacity of 160 GWh per year.

Energy storage

A total amount of €1.7 billion was allocated to eligible green projects relating to energy storage.
The green eligible projects in question include:

• the acquisition of Broad Reach Power, a Houston-based company specialized in battery storage activities. The transaction involved 350 MW of operational assets, 880 MW of assets under construction with commissioning expected before the end of 2024, and 1.7 GW of projects at an advanced stage of development;
• the Dinorwig (1,728 MW) and Ffestiniog (360 MW) pumped storage facilities in the United Kingdom, owned and operated by First Hydro, which is 75% owned by ENGIE;
• the Coo pumped storage plant (Belgium) where investments are being made to expand its storage facilities to increase its installed power by 79 MW;
• the power battery storage project in Hazelwood, Australia.

Transmission and distribution infrastructure

A total of €155 million was allocated to eligible green projects in this domain.

Energy efficiency

A total of €206 million was allocated to eligible green projects relating to energy efficiency.

Clean mobility

A total amount of 48 million was allocated to eligible green projects relating to low-carbon mobility.

Impact reporting

The impact reporting takes into account only the new projects listed above. Reallocated projects following the buyback of previous issues are therefore excluded.
In the full operation phase, the projects are expected to contribute to avoid 3.7 million tons of CO₂ eq. per year:

• for renewable projects: 2.36 million tons of CO₂ eq./year
• for storage projects: 0.46 million tons of CO₂ eq./year
• for renewable gases projects in infrastructure: 0.49 million tons of CO₂ eq./year
• for energy efficiency projects: 0.34 million tons of CO₂ eq./year
  for clean mobility projects: 0.02 million tons of CO₂ eq./year

Contributions to avoided emissions are presented in the following table, using different weighting methods:
a) at 100% regardless of the Group’s ownership rate and the nature of the capex
b) according to the Group’s ownership rate and regardless of the nature of the capex
c) at 100% considering only development capex
d) according to the Group’s ownership rate and taking only the development capex