ENGIE Unveils Strategic Growth and Decarbonization Plans

ENGIE has announced ambitious plans to enhance its energy transition efforts, putting emphasis on renewables, infrastructure, and decarbonization. The company aims for a capital expenditure of €21 to €24 billion from 2025 to 2027, dedicating 75% to renewable projects, batteries, and power networks. This strategic shift supports ENGIE's long-term objectives, driving towards a 55% reduction in greenhouse gas emissions by 2030 compared to 2017 levels.

The company has revised its earnings outlook, with non-recurring income guidance expected between €4.4 to €5.0 billion by 2025 and similar projections for subsequent years. ENGIE also updated its dividend policy, setting a payout ratio of 65% to 75% of recurring net income, with a minimum annual dividend increased to €1.10 per share.

By 2030, ENGIE plans to install 95 GW of renewable capacity and operate 10,000 km of power transmission lines. Additionally, the company eyes significant growth in biomethane production and power sales, with a focus on decarbonization and resilience in response to global energy challenges.