28 Apr '15, 6pm

France Utility Considers Acquisitions to Expand in Renewables Market

PARIS -- Engie, the French utility built from a decade of mergers, will consider further acquisitions as it seeks to expand its presence in renewable energy and the global market for natural gas shipments. The company, previously known as GDF Suez, is “open” and looking at possible opportunities, Chief Executive Officer Gerard Mestrallet said on a conference call Monday. “Will Engie participate in consolidation? Why not?” he said when asked about Royal Dutch Shell Plc’s $70 billion move for BG Group Plc. to form the world’s biggest producer of liquefied natural gas, or LNG. The utility is re-branding itself as it seeks to adapt to changes in energy demand in European countries, shifting toward cleaner sources and power-efficiency technology. The company will also focus on markets with high growth potential in Latin America and the Middle East and plans to raise LNG product...

Full article: http://www.renewableenergyworld.com/rea/news/article/2015...

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