ENGIE and Meta Partnership: Clean Energy is Rising

Meta announced that it will purchase 100% of the electricity produced by ENGIE’s 600 MW capacity Swenson Ranch Solar Project. This project will be ENGIE's largest asset in Texas and is planned to be operational in 2027.

This agreement brings the ENGIE-Meta partnership in Texas to over 1.3 GW of total renewable capacity, while the 900 million USD project is expected to create 350 construction jobs and generate a total of 160 million USD in local tax revenue.

ENGIE’s expanding partnership with Meta strongly indicates the demand for clean energy and the investment outlook. A long-term belief in clean energy is becoming a fundamental condition for being a shareholder of ENGIE. The announcement of the Swenson Ranch Solar Project strengthens ENGIE’s presence in renewable energy in the USA and highlights its ability to secure large purchase agreements.

USA emerge as key challenges. By successfully commissioning the Red Sea Wind Energy Project in Egypt, ENGIE once again proves its capabilities in delivering large-scale renewable projects.

Investors should be aware that policy and regulatory hurdles in the USA could threaten project returns. While the long-term story appears strong, caution is warranted. ENGIE’s projections for 2028 indicate revenues of 75.8 billion Euros and earnings expectations of 4.5 billion Euros. These figures suggest a need for a decline of 0.6% per year in revenue and a reduction of 0.5 billion Euros from 5.0 billion Euros.

ENGIE’s fair value estimate of 21.47 Euros offers a 7% upside potential compared to its current price. The Simply Wall St community, consisting of six individual investors, assessed ENGIE’s fair value between 17.51 Euros and 24.34 Euros. Different views reflect how the growing global electricity demand shapes overall performance expectations regarding the growth of renewable energy.

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ENGIE, Meta, renewable energy, clean energy, stock, investment