BREAKING NEWS

ENGIE sells UK thermal generation assets to Energy Capital Partners

ENGIE today announced the signing of an agreement with Energy Capital Partners (ECP) for the sale of its 75% stake in three power plants in the United Kingdom.

This sale concerns the Saltend and Deeside plants (gas-fired electricity generation) and Indian Queens (oil-fired power plant), representing a total gross capacity of 1,841 MW 1 . These plants were owned 75% by ENGIE and 25% by the Japanese company Mitsui & Co. Both partners have agreed to sell their shares in these three power plants to Energy Capital Partners , a private equity firm specializing in investment in energy infrastructure.

The transaction is part of ENGIE's 2016-2018 transformation plan and is in line with the Group's ambition to reduce its exposure to merchant activities. Its amount represents a total enterprise value of 205 million pounds sterling (approximately 232 million euros).

The transfer of the three plants to ECP is effective as of today. As part of the transaction, 57 employees will join ECP. These employees were accompanied by ENGIE throughout the sales process.

ENGIE's activities in the United Kingdom are part of the Group's overall strategy to encourage investment in low-carbon and flexible electricity generation: ENGIE UK has notably invested £ 50 million in the renovation of the power station. Ffestiniog's 2 GW pumping and storage facility, part of its First Hydro subsidiary in North Wales, and recently acquired a 23.3% interest in the Moray East Offshore Wind Project in Scotland , with a capacity of 950 MW.

ENGIE is also a leading supplier of gas and electricity to UK companies and entered the retail market in May 2017, making it the largest company to enter the market in 15 years. . The company is also one of the country's leading service providers, via facility management solutions for both public and private sector clients. In March 2017, ENGIE UK acquired Keepmoat Regeneration, leader in the building renovation market, for 330 million pounds sterling, allowing it to broaden its expertise in energy efficiency and expand its range of services to the authorities. local authorities, cities and businesses.

With 17,000 employees in the UK, ENGIE relies on its ability to combine energy, services and energy renovation for the benefit of all its customers.


Details:
Saltend is a 1,197 MW combined-cycle gas-fired power plant in Hull, East Yorkshire; Deeside is a 515 MW gas-fired power plant located in Flintshire, North Wales; Indian Queens is a 129 MW fuel-fired power plant located near Newquay, Cornwall.


About ENGIE
ENGIE is committed to meeting the major challenges of the energy revolution towards a more and more decarbonized, decentralized and digitized world. The Group's ambition is to become the leader in this new world of energy and focuses its activities on 3 key businesses for the future: low-carbon electricity production, particularly from natural gas and renewable energies, infrastructure energy efficient solutions and solutions adapted to all its customers (individuals, companies, territories, etc.). ENGIE places customer satisfaction, innovation and digital at the heart of its development. ENGIE is present in nearly 70 countries, has 150,000 employees worldwide for a turnover of 66.6 billion euros in 2016. Listed in Paris and Brussels (ENGI),
 

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