On 28 February 2019, the international ENGIE Group presented its strategic goals for the next 3 years. Its main ambition is to be a world leader in energy transformation with the goal of achieving zero emissions.
Over the past three years, ENGIE has undergone a major transformation, focusing on the development of its three main activities – gas, renewables and energy efficiency, while strongly promoting innovative activities, especially in the fields of green transport and smart grids.
As part of the strategy, ENGIE will increase its focus on corporates and municipalities and use selective investments to manage the accelerating growth of the company.
– The ENGIE Group will continue the successful transformation that began in 2016, focusing on 3D – decarbonisation, digitalisation and decentralisation – ENGIE Group’s strategic ambition is to be a leader in its sector, enabling companies and local authorities to achieve a cost-effective, zero-carbon energy transformation, including by leveraging ENGIE’s unique
combination of infrastructure expertise and customer relationships. – ENGIE has committed capital expenditure (CapEx) of €11-12 billion to accelerate the company’s growth in 2019-21, particularly in the areas of client solution offerings and renewables – Offering uniquely integrated solutions, designed in line with the client’s strategy, assets, service delivery, use of digital platforms, financing and operations management. – In the renewables sector, ENGIE plans to increase capacity by 9 GW by 2021, become a leading PPA (power purchase agreement) supplier and continue to be a leading provider of sophisticated technology solutions, including offshore wind and biogas – Reduction of thermal capacity due to the continuous reduction of coal-fired generation sources, stabilization of nuclear power plant operations in Belgium. – Continuing to reduce costs and increase profitability, with the aim of reaching €800 million by 2021 – Management’s target is to achieve an average year-on-year growth in the Group’s net profit margin of 7-9% in 2019-2021, based on the preliminary expected results of an acceleration in year-on-year operating profit growth of 6.5% to 8.5% – The new dividend policy target is to achieve a dividend payout ratio of 65-75% of distributable net profit.