Engie Is Said to Seek to Sell $1 Billion of US Renewable Assets

French utility Engie SA is seeking to sell US renewable assets that could be worth about $1 billion, according to people familiar with the matter.

The assets are expected to attract interest from infrastructure and pension funds, said one of the people, who asked not to be named because the information isn’t public.

In response to a Bloomberg query, Engie confirmed that a process is under way for selling 49% of a portfolio of operating assets to a co-investor. It declined to comment on the valuation. The company has already sold stakes in US solar and wind assets to ...