The company said solar, wind and hydro, as well as “low carbon” gas generation, will dominate its future plans.

Engie has earmarked a total of €22bn ($24,2bn) for Capex in the 2016-18 period, and said it expects to engage in a “massive deployment” of solar over the next five years.

In July 2015 Engie signalled its ambitions in solar with the acquisition of Solairedirect, a compatriot PV group, in a move to boost its global footprint.

The