Core Insights - TotalEnergies has completed the sale of a 50% stake in a 270 MW portfolio of wind and solar projects in France to Eiffel Investment Group, valuing the assets at €265 million [1] - The transaction aligns with TotalEnergies' Integrated Power business model, allowing the company to retain a 50% stake and continue operating while monetizing part of its renewable assets [2] - The deal supports TotalEnergies' ambition to scale renewable capacity while maintaining capital discipline, with a target of 35 GW of installed renewable capacity by year-end 2025 [4] Company Strategy - TotalEnergies aims for a 12% profitability in its power segment through this transaction, which helps derisk projects and recycle capital [2] - The company plans to deliver more than 100 TWh of net electricity production by 2030, positioning itself as a leading integrated power provider [4] Industry Trends - The transaction reflects a growing trend among oil majors to share ownership of renewable assets with financial investors, enhancing balance sheet flexibility while achieving energy transition goals [5] - Competitors such as bp, Shell, and Eni have also pursued similar divestment models in Europe and beyond [5] Partner Profile - Eiffel Investment Group, managing €7 billion, specializes in energy transition financing and has expanded its focus on sustainable infrastructure investment across Europe, the U.S., and the Middle East [3]
TotalEnergies Sells 50% of 270 MW French Renewables Portfolio