TotalEnergies acquires Shell renewables, sells stake to KKR
PARIS & LONDON - TotalEnergies has signed an agreement to sell a 50% stake in a 1.2 GW onshore solar and wind asset portfolio to an insurance account managed by KKR, according to a press release statement. The portfolio has an enterprise value of €1.8 billion and includes assets in Germany, Spain, France and Poland.
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PARIS & LONDON - TotalEnergies has signed an agreement to sell a 50% stake in a 1.2 GW onshore solar and wind asset portfolio to an insurance account managed by KKR, according to a press release statement. The portfolio has an enterprise value of €1.8 billion and includes assets in Germany, Spain, France and Poland. The electricity produced by these assets is sold to third parties or will be marketed by TotalEnergies. TotalEnergies will retain a 50% stake in the assets and continue to operate them after completion of the transaction, which is expected in 2026 and subject to customary conditions.
Read the full report at Investing.com · Company News ↗
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- PARIS & LONDON - TotalEnergies has signed an agreement to sell a 50% stake in a 1.2 GW onshore solar and wind asset portfolio to an insurance account managed by KKR, according to a press release statement. The portfolio has an enterprise value of €1.8 billion and includes assets in Germany, Spain, France and Poland.
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- 2 outlets, average source rating 5.0/10.
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- just now ago.
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TotalEnergies sells 50% stake in European renewables to KKR
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