Engie SA

French utility Engie SA raised its full-year profit forecast due to energy market volatility from the war in the Middle East and cost-cutting measures, which offset a profit decline in the first half of the year.

Chile is seeking bids for a power tender offering 2,835 GWh/year of supply with 15-year PPAs starting in 2029 and 2030. Key bidders include France’s Engie, Italy’s Enel, and Chile’s Colbún.

Engie, Enel, and Colbun are competing for a long-term electricity supply auction in Chile, which will shape the country's regulated power market for the next two decades. The tender is described as critical for defining the future of the market.

Paris uses a 75-mile district cooling network operated by Fraicheur de Paris to chill water from the Seine and supply air conditioning to buildings, reducing electricity use and emissions by 50% compared to standalone systems. The system faces strain during Europe's current heatwave, which has caused closures at landmarks like the Louvre and Eiffel Tower and disrupted transport and agriculture.

Grupo Mexico is merging its power unit with BlackRock-backed Saavi. Mexico's energy regulator has blocked foreign companies like Engie SA, Enel SpA, and Acciona Energia SA from operating renewable energy plants, centralizing power under the state utility Comision Federal de Electricidad (CFE).

Engie SA is in negotiations with the United States to relinquish offshore wind leases, despite operating wind turbines in Fos-sur-Mer, France.