Green bonds issued between October 2021 and September 2022

The funds allocated to eligible green projects throughout 2022 relate solely to investments made in the same year. With respect to the October 2021 (8-year and 15-year tranches) bond and September 2022 (7-year tranche) bond, allocations were as follows:

Renewable energy production

A total of €1.50 billion was allocated to eligible green projects related to renewable energy production.
The Group’s installed electricity production capacity, taken at 100% for its renewables production businesses accounted for 38% of its total installed capacity. and investments in offshore wind via the joint venture, Ocean Winds. In May 2022, the Group and its partner Crédit Agricole Assurances finalized the acquisition of Eolia, a major renewables player in Spain. In France, the Group, through ENGIE BiOZ and its infrastructure business line, pursued efforts to develop the sector of waste methanization into renewable gases and their recovery through injection into the natural gas transmission and distribution network.

Energy storage

A total amount of €192.6 million was allocated to eligible green projects relating to energy storage.
The green eligible projects in question include:

• 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 storage facilities and increase installed power by 79 MW;
• the power battery storage project in Hazelwood, Australia;
• the acquisition of a pipeline of solar energy and paired and stand-alone battery storage development projects from Belltown Power U.S. in the United States (Monarch transaction). The transaction covers 33 projects, including 0.7 GW of paired storage and 2.6 GW of stand-alone battery storage.

Energy efficiency

A total of €89.3 million was allocated to eligible green projects in this domain.

Impact reporting

The impact reporting takes into account only the new projects allocated in 2022. Reallocated projects following the buyback of previous issues are excluded.
In the full operation phase, the projects are expected to contribute to avoiding 3.8 million tons of CO₂ eq. per year:

• for renewable projects: 3.35 million tons of CO₂ eq./year;
• for energy efficiency projects: 0.45 million tons of CO₂ eq./year;
• for storage projects: 0.016 million tons of CO₂ eq./year.

The 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