EU investigates tax deals between Luxembourg and ENGIE

The European Commission has launched an in-depth investigation into Luxembourg’s tax arrangements with French utility ENGIE. It has concerns several tax rulings issued by Luxembourg may have given the utility an “unfair advantage” over other companies. The Commission states they appear to treat the same financial transaction in an “inconsistent way, both as debt and […]

Consultation on nuclear waste storage opens

A public consultation on nuclear waste storage has been launched. It aims to ensure the public plays a “central role” in the government’s plans to develop and operate geological disposal facilities (GDF) deep underground in different regions. The GDF would provide a permanent solution for the country’s radioactive waste, Radioactive Waste Management (RWM) stated. The […]

New service to make ESOS criteria easier to meet

GDF SUEZ Energy UK has launched a new service to help businesses meet the requirements of the new Energy Savings Opportunity Scheme (ESOS). The new law means all large businesses must keep details of all the energy and fuel they use and look at how they could use less. They must then give this into […]

French gas giant GDF Suez rebrands as ‘ENGIE’

French gas utility GDF Suez has announced it is changing its name to “ENGIE”. The new brand reflects the evolving energy industry and the company’s involvement in renewable power, the firm said. CEO Gerard Mestrallet told a press conference: “Why this name change? Because the world of energy is changing, we’re moving towards a less […]

GDF SUEZ gets two PPAs

Business energy specialist GDF SUEZ Energy UK has been awarded two power purchase agreements (PPAs). The PPAS were granted by BWSC East Anglia Limited and by Templeborough Biomass Power Plant Limited. The first agreement is to buy electricity generated by the Snetterton biomass plant in Norfolk. which is operated by BWSC East Anglia Limited and […]

New gas discovery in Algeria

A new natural gas discovery has been made in south-east Algeria. A test in the TESO-2 well in the Ordovician reservoir showed a gas flow of 175,000 cubic meters a day, energy company GDF SUEZ said. The well was drilled 1,307 meters deep in the Illizi basin. The size of the discovery will be looked into […]

GDF SUEZ Energy UK signs rubbish deal

GDF SUEZ Energy UK has signed an agreement to buy all the electricity generated at a new waste-to-energy facility in North Yorkshire. Waste management provider AmeyCespa’s Allerton Waste Recovery Park is expected to process around 320,000 tonnes of household and commercial waste every year. It will divert around 95% of waste from landfill in York […]

GDF SUEZ names Judith Hartmann as Chief Financial Officer

French energy giant GDF Suez has appointed Judith Hartmann as its Chief Financial Officer (CFO). Ms Hartmann will take the full title on 16 March after a month serving as special advisor to the Chairman, Gérard Mestrallet. In the meantime, GDF SUEZ’s Deputy Chief Financial Officer Pierre Chareyre will continue to stand in for the role. An Austrian […]

Fresh oil find in North Sea

British oil explorer BP and France’s GDF SUEZ struck oil in the North Sea, they announced today. The new discovery called ‘Marconi by GDF SUEZ and ‘Vorlich’ by BP was flow tested at a maximum rate of 5,350 barrels of oil equivalent per day. It could be a bridge to tapping other oil and gas […]

GDF Suez wins £90m for UK wind, sells 50% share

French power producer GDF Suez has raised £90 million for its UK wind assets and also sold half its share from its portfolio. The company won a 14-year financing from Bank of Tokyo-Mitsubihi UFJ, Sumitomo Mitsui Banking Corporation and Germanys KfW. It has also sold 50% of its 70MW wind assets – which includes seven […]