TotalEnergies sells 50% of a Greek renewables portfolio for 254 million euros

Core Insights - TotalEnergies has agreed to sell 50% of a 424-megawatt portfolio of renewable assets in Greece to Asterion Industrial Partners for €254 million [1] Company Summary - The transaction involves a significant stake in renewable energy assets, indicating TotalEnergies' strategic move to partner with investment firms in the renewable sector [1] - Asterion Industrial Partners, a Spanish investment management firm, is expanding its portfolio in the renewable energy space through this acquisition [1] Industry Summary - The sale reflects ongoing trends in the renewable energy market, where major oil companies are divesting from traditional assets to focus on sustainable energy solutions [1] - The deal highlights the increasing interest and investment in renewable energy infrastructure in Europe, particularly in Greece [1]