European utilities face 'perfect storm', says Engie's Cirelli
Utility giants already in deep trouble, warns former CEO of Gaz de France
European utilities face a "perfect storm" amid the continent's economic woes, a surge in renewable generation and advances in technology, warned Jean-François Cirelli, the former chairman and chief executive of Gaz de France (GDF), speaking at Energy Risk Summit Europe on June 24.
At the London conference, Cirelli – who now serves as special adviser to the presidency at GDF's successor company Engie – offered a downbeat assessment of the European utility sector. "Let's admit: it has taken energy
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