As a responsible corporate entity, ENGIE has been acting to accelerate the transition towards a carbon-neutral economy, through reduced energy consumption and more environmentally friendly solutions. In line with its purpose towards carbon neutrality, and with a view of simplifying the Group’s portfolio, ENGIE is committed to refocus and accelerate growth in renewables and infrastructure assets.
In this context, ENGIE China has completed on April 12, 2021, the sale of its 40% stake in Sino-French Energy Service Co., Ltd (SFES) in Chongqing to Singapore Power Group (SP Group).
ENGIE China is grateful to the support from Chongqing authorities and Chongqing Gas Group, the partner in SFES. Together with our clients, shareholders and employees, ENGIE will continue to help China to reach carbon neutrality target by 2060.
For this transaction, B&A Investment bankers acted as the exclusive financial advisor to ENGIE.
Should you have any question or comment, please don’t hesitate to contact Communication @ ENGIE China (Tel: +86 10 8532 7856).
About Sino French Energy Services Co., Ltd. (SFES)
SFES was established on July 7th, 2010. It is a joint venture between ENGIE and Chongqing Gas Group that aims to promote and develop distributed energy projects in Chongqing and furthermore in China in order to bring innovative solutions to cities and industrial parks.
Our group is a global reference in low-carbon energy and services. Together with our 170,000 employees, our customers, partners and stakeholders, we are committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers.
Turnover in 2020: 55.8 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, Euronext Vigeo Eiris – Eurozone 120/ Europe 120/ France 20, MSCI EMU ESG, MSCI Europe ESG, Euro Stoxx 50 ESG, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG).
About ENGIE China
ENGIE has been developing relationships and cooperation with Chinese partners since more than 30 years, with two significant recent milestones, the creation of a representative office in Beijing in 2008 and the set-up of a business unit to develop industrial activities in 2014.
Leveraging on the Group’s know-how and solutions, ENGIE aims at becoming a benchmark player in China’s energy transition, developing decarbonized, decentralized and digitalized solutions in the areas of renewable power and smart energy solutions (whether they are targeting cities or B2B customers), as well as facilitating ENGIE and Chinese companies to jointly develop projects in third-party markets.
ENGIE China is present throughout China, with two main offices located in the cities of Beijing, Shanghai. The Group developed various joint ventures in the field of solar power, distributed networks, energy efficiency and engineering services.