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Edf: EDF group governance changes
Globenewswire· 2025-07-08 11:10
Governance Changes - EDF group is adapting its governance to enhance organizational efficiency and support France's nuclear revival and hydropower investments [1] - The new governance structure will focus on safety, security, and health, with key roles reporting directly to the chairman and CEO [2][3] Key Appointments - Jean Casabianca is appointed to propose an organization that integrates nuclear safety, hydropower safety, security, and health [2] - Xavier Gruz is appointed to the executive committee, responsible for project management of new nuclear projects [3] - Thierry Le Mouroux will implement a dedicated project management entity for the new nuclear program [4] - Emmanuelle Verger is appointed to oversee hydropower activities within the executive committee [5] - Nicolas Machtou will take charge of the Group's general secretary starting September 2025 [5] - Elisabeth Terrail will lead Group human resources from September 2025 [6] Strategic Objectives - The governance evolution aims to clarify responsibilities, accelerate decision-making, and mobilize expertise to enhance industrial performance in nuclear and hydropower sectors [7] - The Group's commitment is to organize effectively to meet long-term goals with rigor and method [7] Company Overview - EDF Group is a leader in low-carbon energy, generating 520 TWh with a carbon intensity of 30 gCO2/kWh, primarily from nuclear and renewable sources [24] - The Group aims to build a net zero energy future and generated consolidated sales of €118.7 billion in 2024, serving approximately 41.5 million customers [24]
Can Inorganic and Organic Assets Power NextEra's Long-Term Growth?
ZACKS· 2025-07-07 14:36
Core Insights - NextEra Energy Inc. (NEE) has strategically benefited from acquisitions, notably the $5.75 billion purchase of Gulf Power in 2019, which enhanced its regulated utility presence in Florida and integrated valuable generation assets [1] - In 2023, NEE's subsidiary acquired a renewable energy portfolio consisting of 31 biogas projects, including operational facilities, further expanding its clean energy assets [2] - The company's growth pipeline includes a renewable project backlog exceeding 28 GW and planned capital expenditures of over $72.6 billion through 2029, aimed at strengthening operations and securing long-term power purchase agreements [3] Acquisitions and Strategy - NEE's acquisitions improve earnings visibility, expand market presence, and support its long-term strategy to lead the energy transition, making it an attractive long-term investment [4] - Utilities, including NEE, are leveraging strategic acquisitions to enhance their regulated asset base, operational efficiency, and diversify energy portfolios, which ultimately supports long-term earnings growth [5][6] Earnings Estimates and Performance - NEE anticipates its 2025 earnings per share (EPS) to range from $3.45 to $3.70, reflecting a year-over-year growth of 7.29% and 7.95% for 2025 and 2026, respectively [7] - The company expects an annual EPS growth of 6-8% through 2027, supported by significant capital spending [8] Financial Metrics - NEE's trailing 12-month return on equity (ROE) stands at 12.06%, surpassing the industry average of 10.41%, indicating efficient use of shareholders' equity [10] - Over the past three months, NEE's shares have increased by 15.2%, outperforming the Zacks Utility Electric-Power industry's growth of 5.7% [12]
Ecopetrol S.A. acquires Wind Autogeneración S.A.S.
Prnewswire· 2025-07-07 13:30
Core Viewpoint - Ecopetrol has successfully acquired 100% of Wind Autogeneración S.A.S. from Enel S.A.S., marking a significant step in its energy transition strategy and commitment to renewable energy projects in Colombia [1][6]. Group 1: Acquisition Details - The acquisition was approved by Ecopetrol's Board of Directors in December 2024 and has now been completed following the fulfillment of regulatory and anti-trust conditions [1]. - The integration of Wind Autogeneración S.A.S. into Ecopetrol's corporate structure has commenced [7]. Group 2: Windpeshi Project Overview - The Windpeshi project, located in La Guajira, will have an installed capacity of 205 MW and is expected to contribute an average of 1,006 GWh/year, which is approximately 8-9% of Ecopetrol Group's energy demand [2]. - The project aims to optimize energy costs and is projected to result in a decarbonization benefit of about 4.8 million tons of CO2 emissions, with estimated investments of nearly $350 million from 2025 to 2027 [3]. Group 3: Project Development Timeline - Ecopetrol plans to restart construction of the Windpeshi project by the end of 2025, with operations expected to begin before 2028 [4]. - The company intends to engage top-tier contractors for the development and construction phases [4]. Group 4: Community Engagement - Ecopetrol emphasizes the importance of engaging with the Wayuu indigenous communities affected by the project, coordinating efforts with national, regional, and local authorities [5]. Group 5: Strategic Positioning - The Windpeshi Project represents the beginning of Ecopetrol's non-conventional renewable energy initiatives in La Guajira, a region recognized for its potential in solar and wind energy development [6]. - Ecopetrol is the largest company in Colombia, responsible for over 60% of the country's hydrocarbon production and holds significant positions in various energy sectors across the Americas [8].
California Resources Corporation Schedules Second Quarter 2025 Earnings Conference Call
Globenewswire· 2025-07-07 13:00
Financial Results Announcement - California Resources Corporation (CRC) plans to release its second quarter 2025 financial results on August 5 after market close [1] - A conference call to discuss these results will be held on August 6 at 1:00 p.m. Eastern Time [1] Conference Call Participation - Participants are encouraged to pre-register for the conference call via a provided link [2] - Callers who pre-register will receive a conference passcode and unique PIN for immediate access [2] - To join the call, participants can dial (877) 328-5505 or access the webcast at www.crc.com [3] Company Overview - California Resources Corporation is an independent energy and carbon management company focused on energy transition [4] - The company emphasizes environmental stewardship while providing responsibly sourced energy [4] - CRC aims to maximize the value of its land and mineral ownership through carbon capture and storage (CCS) and emissions-reducing projects [4]
FTC Solar Announces $75 Million Strategic Financing
Globenewswire· 2025-07-07 12:02
$14.3 million received July 2Additional $23.2 million expected to close in third quarter of 2025Total funding scalable to $75 million AUSTIN, Texas, July 07, 2025 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced that it entered into a new $75 million strategic financing facility (the “Financing Facility”) with Cleanhill Partners and affiliates, AV Securities and other long-term investors. The Financing Facilit ...
Shoals Technologies Group, Inc. Announces Second Quarter 2025 Earnings Release Date and Conference Call
Globenewswire· 2025-07-07 11:00
PORTLAND, Tenn., July 07, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the “Company”) (Nasdaq: SHLS) today announced that the Company will release its second quarter 2025 results before market open on Tuesday, August 5, 2025, to be followed by a conference call at 8:00 a.m. (Eastern Time) on the same day. Interested investors and other parties can access the live webcast through the Investor Relations section of the Company's website at https://investors.shoals.com. An archived replay of the we ...
EDF: EDF announces the success of its senior multi-tranche bond issue for a nominal amount of ¥75.8 billion
Globenewswire· 2025-07-03 06:00
EDF announces the success of its senior multi-tranche bond issue for a nominal amount of ¥75.8 billion On 3 July 2025, EDF (AA stable JCR / AA stable R&I / BBB positive S&P / Baa1 stable Moody's / BBB+ negative Fitch) successfully raised ¥75.8 billion in 3 tranches of “Samourai” senior Bonds: ¥47.9 billion bond, with a 3-year maturity and a 1.550% fixed coupon;¥19.6 billion bond, with a 5-year maturity and a 1.875% fixed coupon;¥8.3 billion bond, with a 10-year maturity and a 2.394% fixed coupon. This tran ...
Press release - SPIE signs an agreement for the acquisition of SD Fiber
Globenewswire· 2025-07-01 15:43
Group 1: Acquisition Overview - SPIE has signed an agreement to acquire SD Fiber, enhancing its FttX expertise in Switzerland and southern Germany [1][4] - The acquisition will allow SPIE to expand its service offerings in the fiber optic market, which is crucial for future digital infrastructure [4][5] - Upon completion, SPIE will acquire 96% of SD Fiber, with the remaining 4% retained by the current management team [7] Group 2: Company Profiles - SD Fiber specializes in deploying fiber optic networks, offering turnkey solutions from planning to maintenance [2] - The company is headquartered in Dietikon, Zurich, employs approximately 340 people, and generated revenue of around €70 million in 2024 [3] - SPIE, with 55,000 employees, achieved consolidated revenues of €9.9 billion and EBITA of €712 million in 2024 [8] Group 3: Strategic Importance - The acquisition is seen as a strategic move to strengthen SPIE's presence in the growing fiber optic market and smart metering sector [5][6] - SD Fiber's expertise in smart metering is highlighted as a significant growth area for the future [5]
Kinder Morgan (KMI) 2021 Earnings Call Presentation
2025-07-01 10:29
Acquisitions and Divestitures - Kinder Morgan acquired Northeast Transport & Storage Assets for $1225 million[8], with ~41 bcf of FERC-certificated storage capacity and ~3 bcfd of aggregate transportation pipeline capacity[11] - The company acquired Kinetrex Energy for $310 million[12], which includes 1 operational landfill-RNG facility with ~04 bcf capacity and expects 3 landfill-RNG facilities operational by 2022 end with total capacity of 35 bcf[17] Financial Performance and Projections - The company's 2021 forecast EBITDA is $79 billion[23] - The company has a $2 billion share buyback program with over $14 billion of program capacity remaining[23] - The company's 2021 expected Net Debt / Adjusted EBITDA is 40x[25] Market Position and Strategy - The company moves ~40% of US natural gas consumption & exports[19] - The company's stable cash flows are with ~72% take-or-pay or hedged earnings[26],[79] - The company has a $13 billion project backlog with ~64% allocated to natural gas projects[25],[83] Energy Transition and Renewables - The company's CO2 transport capacity is ~15 bcfd with ~1500 miles of CO2 pipelines[18] - The company handled nearly 260 mbbld of ethanol, biodiesel, & renewable diesel in 2020[69]
Eni Opens First Agri-Hub in Congo to Boost Biofuel Ambitions
ZACKS· 2025-06-30 13:25
Core Insights - Eni S.p.A has inaugurated its first agri-hub in the Republic of the Congo, marking a significant advancement in its biofuel supply-chain strategy and decarbonization objectives [1][11] - The facility is designed to produce up to 30,000 tons of vegetable oil annually, which will be processed into biofuels to support Eni's sustainable mobility strategy [2][11] - The initiative aligns with Eni's commitment to achieving net-zero emissions by 2050, utilizing crops from degraded land and regenerative agricultural practices [3][11] Investment and Economic Impact - The Loudima agri-hub enhances the Republic of the Congo's agro-industrial capabilities, with Eni investing in advanced mechanization, high-quality seeds, and training for local farmers [5] - Approximately 200 agricultural machines are committed to the initiative, with about half currently in use, and 400 local tractor operators are expected to be trained, creating job opportunities [5][11] - The facility will also produce vegetable proteins for livestock feed, contributing to the agri-food sector and improving food security [6] Sustainability and Compliance - All vegetable oil produced at the facility will comply with the European Union's Renewable Energy Directive, ensuring sustainability and adherence to biodiversity and labor standards [4] - The agri-hub complements other Eni initiatives in the Republic of the Congo, including a cookstove program that has benefited over 300,000 people by reducing biomass consumption [7] Long-term Commitment - Eni has been operating in the Republic of the Congo since 1968 and is the only company developing the country's substantial natural gas reserves, supplying gas to the Congo Power Plant, which generates 70% of the country's electricity [8] - The establishment of the Loudima agri-hub reinforces Eni's dual commitment to climate goals and community development in the region [9]