Green bonds issued between September 2023 and June 2024

The projects (and the related capex) set out in the table above for a total of €3.14 billion are allocated to the green bond issued between September 2023 and June 2024; in proportions enabling the senior green bonds issued between September 2023 and March 2024 and the PNC6 hybrid bond to be fully allocated, and the PNC9 hybrid bond issued in June 2024 to be partially allocated.

The funds allocated to the eligible green projects in 2024 include €3 billion for investments made in 2024 (including €248.9 million in financial capex for the acquisition of pure-players, and €200.7 million in maintenance capex), €107.7 million for investments made in 2023, and €20.4 million for investments made in 2022.

1. Renewable energy production

A total amount of €2 billion was allocated to eligible green projects related to renewable energy production.
At the end of 2024, the Group’s installed electricity production capacity, taken at 100%, represented 43% 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, in addition to the various projects developed in France by its subsidiary ENGIE BiOZ, the Group also acquired several biomethane producers in Europe (Belgium, the Netherlands and the UK).

2. Energy storage

total amount of €765.4 million was allocated to eligible green projects relating to energy storage.
The green eligible projects in question include:

• power battery storage projects in Belgium, the Netherlands, the UK and the United States, either independent or co-located with a renewable energy production asset;
• 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;

3. Transmission and distribution infrastructure

A total of €128.3 million was allocated to eligible green projects in this domain.

4. Energy efficiency

A total of €108.3 million was allocated to eligible green projects relating to energy efficiency.

5. Clean mobility

A total amount of €147.5 million was allocated to eligible green projects relating to low-carbon mobility.

Impact reporting

The impact reporting only takes into account the new projects listed above. Reallocated projects following the buyback of previous issues are excluded.
In the full operation phase, projects are expected to contribute to avoid 2.63 million tons of CO₂ eq. per year:

1. for renewable projects: 2.24 million tons of CO₂ eq./year
2. for storage projects: 0.03 million of CO₂ eq./year
3. for energy efficiency projects: 0.36 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 the development capex
d) according to the Group’s ownership rate and taking only the development capex