The 270 MW wind and solar portfolio, valued at €265M, is being sold to Eiffel Investment Group, with TotalEnergies receiving $155M for its 50% stake. The company is using partial asset sales to recycle capital, aiming to grow its renewable portfolio from 26 GW today to 100 GW by 2030. CEO Patrick Pouyanné has said a series of such transactions will generate $3.5B this year, helping to fund expansion while also easing debt pressures.
Alongside renewables, TotalEnergies also plans to expand its gas business as part of its long-term energy mix.
Source: Material-Car261