The head of Engie, Isabelle Kocher has discussed with the French government the possibility of a tie-up with German renewables and grid specialist Innogy.

If the merger took place it would be the first cross-border utility in Europe since the single energy market was formed.
Isabelle Kocher of Engie
La Lettre de l’Expansion reports that Kocher is interested in the alliance going through as she continues to lead the transformation of the company towards clean and innovative energy solutions.

Innogy was spun off from RWE and completed an initial public offering (IPO) in October 2016. It had 3.7 GW of renewable energy capacity at the end of 2016.

According to Reuters the two utilities were studying a deal under which RWE could swap its majority stake in Innogy for a minority stake in Engie.

No active talks between the top executives of the firms are under way, but the two utilities are discussing options and scenarios with advisers and bankers, the news agency said.