UPDATE 1-Engie posts first-quarter earnings in line with expectations
Adds comment on US renewables development in paragraphs 4-6
PARIS, May 7 (Reuters) - French utility Engie ENGIE.PA met expectations as it reported a drop in first-quarter earnings on Thursday after warmer weather lowered domestic gas sales and deliveries.
The company, which produces, transports and sells gas and electricity, said earnings before interest and tax (EBIT) excluding nuclear, were 3.4 billion euros ($4 billion), down 8.4% from a year earlier.
That matched the consensus forecast of 3.4 billion euros from analyst estimates compiled by LSEG.
Engie also confirmed a media report this week that said onshore wind project development had slowed in the United States, but it added that solar and battery sector development continues.
"Some permits are being revoked for onshore wind power. It's clear that obtaining the necessary authorisations is indeed difficult," Engie finance chief Pierre-Francois Riolacci told reporters.
"Even when permitting isn't required on federal lands, we still face challenges getting approval from agencies."
($1 = 0.8509 euros)
