THE GROUP'S DECARBONIZATION
AMBITIONS ARE UNDERPINNED
BY AMBITIOUS GAS GREENING
TARGETS, AS WELL AS
THE PROVISION OF BOTH
DECARBONIZATION AND ENERGY
SYSTEM FLEXIBILITY SOLUTIONS.
The Group is largely committed
to the development of new
technologies, and in particular to
biomethane, renewable hydrogen
and batteries, with in 2030:
~
10 TWh
of annual
biomethane production capacity
in Europe
~
30 TWh/year
of biomethane sold
~
50 TWh of annual
biomethane production capacity
connected to ENGIE networks
in France
4 GW of renewable
hydrogen production capacity
by electrolysis
700 km of network
dedicated to hydrogen
1 TWh of H
2
storage
capacity
30 TWh of hydrogen in
the energy management portfolio
+100 hydrogen vehicle
charging stations
10 GW of battery capacity
The Group will invest
~
10% of
its development CAPEX between
2023 and 2025 in batteries and
green molecules. Between now
and 2030 4 billion will be
invested in hydrogen and
25 billion for biomethane
connections to the networks
At least 75% of these growth
investments are aligned with the
European taxonomy. This corresponds
in particular to the development of:
• the production of renewable wind,
solar and hydraulic electricity
(€13 to 14 billion) ;
• production of green gases (biogas,
biomethane and hydrogen) and
related infrastructures as well as
storage capacities such as batteries
(€2 to 3 billion) ;
• infrastructures (electric transport,
low-carbon mobility and heating
and cooling networks) (between
€1 and €2 billion).
Regarding the 25% not aligned
with the European taxonomy
Between 5 and 10 relate to
centralized or decentralized
generation assets which today
operate with fossil gas but which
have the capacity to decarbonize by
2045 These are either investments
aimed at optimizing their efficiency
and reducing their greenhouse gas
emissions, i.e. additional capacities
necessary to bring flexibility to the
electricity system (partly remunerated
via a capacity-based remuneration
mechanism)
• Between 5 and 10% concern gas
infrastructures. Given the thresholds
of the taxonomy, these infrastructures
are not considered eligible to date,
but will change over time with the
increase in the volumes of renewable
gas in the networks. In addition, these
projects respond to requests whose
execution are made mandatory by
the European regulatory system:
connections to new customers and
strengthening and improvement
of existing networks including
digitization measures
Finally part of the CAPEX is not
covered by the European taxonomy
between 510 including for
instance desalination solutions or
the development of digital solutions
between 2 and 3 billion
2023-2025 CAPEX
Maintenance capex
Growth capex
2021-2023 2023-2025
€7 bn
to
€8 bn
€7 bn
to
€8 bn
€15 bn
to
€16 bn
€22 bn
to
€25 bn
+50%
ENGIE IS COMMITTING FINANCIAL RESOURCES IN LINE WITH ITS
DECARBONIZATION AMBITION.
To deliver its ambitions, ENGIE is committed to align all of its CAPEX with its
decarbonization strategy. Over the 2023-2025 period, €22 to €25 billion in
growth investments are anticipated (+50% compared with 2021-2023 period).
2023 INTEGRATED REPORT - 83