An announcement from Engie SA ( (FR:ENGI) ) is now available.
ENGIE has finalized an agreement with the Belgian government to extend the operation of the Tihange 3 and Doel 4 nuclear reactors for 10 years and transfer nuclear waste responsibilities to the government. This agreement, approved by the European Commission, includes a joint venture ownership of the reactors and a contract for difference mechanism, reducing ENGIE’s exposure to future waste treatment costs.
More about Engie SA
ENGIE is a leading company in the energy transition sector, focused on accelerating the shift towards a carbon-neutral economy. With operations in 30 countries and a workforce of 98,000 employees, ENGIE’s activities span the entire energy value chain, including renewable electricity and green gas production, energy transmission and distribution, and local energy infrastructures. The company invests over €10 billion annually to support its net-zero carbon goal by 2045 and is publicly traded on the Paris and Brussels stock exchanges.
YTD Price Performance: 12.71%
Average Trading Volume: 2,563,951
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €41.65B
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