ENGIE (EPA:ENGI) - ENGIE acquires Renvico and strengthens its growth in wind energy in Italy and in France

Transparency directive : regulatory news

06/12/2019 11:40

Press release
5 December 2019

ENGIE acquires Renvico and strengthens its growth in wind energy in Italy and
in France

ENGIE announces the acquisition of Renvico from Macquarie Infrastructure and
Real Assets (MIRA), via Macquarie European Infrastructure Fund 4, and from KKR
with its co-investors.

The onshore wind installed capacity of the Renvico comprises 329 MW of
operating wind farms of which 142 MW in Italy and 187 MW in France. Renvico
further develops a greenfield portfolio of 300 MW.

Gwenaëlle Avice-Huet, ENGIE's Executive vice president in charge of Renewable
Energy said: "This acquisition will contribute to ENGIE's growth ambitions,
adding 9 GW worldwide by 2021, of which 3 GW in Europe. In France, this
transaction will allow ENGIE to strengthen its onshore wind leadership, with a
2.1 GW installed capacity at the end of 2018. In Italy, ENGIE will double its
onshore wind installed capacity, to reach more than 300 MW. ENGIE already
supplies 100% green electricity for 2,9 million clients in France and 1 million
clients in Italy. This new portfolio brings also an additional 300 MW capacity
to be developed. It's a corner stone of our ambition to accelerate the zero
carbon transition of our clients."

In France, ENGIE is the leading producer of wind (2 100 MW) and solar power
(1 200 MWp), and the leading alternative producer of hydropower energy
(3 900 MW). ENGIE's renewable activities employ 2,500 staff.

In Italy, ENGIE is the first operator for energy efficiency services. It
currently employs 3,600 staff, managing the energy of 1 million customers, over
300 municipalities, 10,000 buildings and 3,500 schools. ENGIE provides also
electricity and gas.

The completion of the transaction is subject to Antitrust and Foreign
Investment clearances.

About ENGIE

Our group is a global reference in low-carbon energy and services. In response
to the urgency of climate change, our ambition is to become the world leader in
the zero carbon transition "as a service" for our customers, in particular
global companies and local authorities. We rely on our key activities
(renewable energy, gas, services) to offer competitive turnkey solutions.
With our 160,000 employees, our customers, partners and stakeholders, we are a
community of Imaginative Builders, committed every day to more harmonious
progress.
Turnover in 2018: 60.6 billion Euros. The Group is listed on the Paris and
Brussels stock exchanges (ENGI) and is represented in the main financial
indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe)
and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris -
World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

ENGIE HQ Press contact:
Tel. France: +33 (0)1 44 22 24 35
Email: engiepress@engie.com

Investors relations contact:
Tel.: +33 (0)1 44 22 66 29
Email: ir@engie.com

Twitter ENGIEgroup

ENGIE Headquarters
Tower T1 - 1 place Samuel de Champlain - Faubourg de l'Arche -
92930 Paris La Défense cedex - France
ENGIE - A PLC WITH CAPITAL OF 2 435 285 011 EUROS - RCS NANTERRE 542 107 651 -
Tel. +33 (0)1 44 22 00 00

engie.com

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