Francois De Beaupuy

Engie SA reported a 15% drop in first-quarter earnings after a warm winter cut gas demand in France, while nuclear power sales were squeezed by the shutdown of reactors in Belgium.

French electrical equipment distributor Rexel SA plans to make more bolt-on acquisitions in countries such the US and Canada to tap a boom in data centers and manufacturing, after announcing its 16th deal in North America since 2020.

Electricite de France SA is working with an adviser to sell its renewable energy assets in China as the French state-owned utility refocuses on European nuclear power projects, people familiar with the matter said.

French startup Carbon SAS dropped a plan to build a €1.7 billion ($2 billion) solar panel factory in Southern France, dealing a blow to Europe’s ambitions to reduce its reliance on countries like China.

Die deutsche Offshore-Windbranche drängt darauf, Projektentwicklern Ausstiegsoptionen aus bereits vergebenen Projekten einzuräumen. Der Grund: Steigende Kosten und Netzanschluss-Unsicherheiten gefährden die Wirtschaftlichkeit vieler Projekte.

TotalEnergies SE is exploring selling a 50% stake in some of its European renewables assets, as the French energy giant seeks a partner for its green investments, people familiar with the matter said.

TotalEnergies SE’s oil trading activities generally earn the company about $2 billion per year, Chief Executive Officer Patrick Pouyanné said, a rare comment on the vast size of the oil trading operations of some of Europe’s majors.

Electricite de France SA is considering adding extra cooling towers at some of its nuclear reactors most exposed to rising river temperatures as the state-owned utility adapts its fleet to a warming climate.

LS Power LLC is in advanced talks to buy Electricite de France SA’s North American renewable power business amid rising energy demand to supply data centers, according to people familiar with the matter.

TotalEnergies SE will seek compensation because of uncertainty over the grid-connection timeline for one of its German offshore wind projects, as the company reviews plans for wind farms there.