The energy firm plans to offload 50% of 1.2 GW in solar and wind assets across four European countries.
TotalEnergies is exploring the sale of a 50% stake in its European solar and wind portfolio, targeting over $100M in proceeds. The move aims to attract partners for operating and monetizing 1.2 GW of assets in France, Germany, Spain, and Poland.
The company has been expanding its renewable energy footprint globally and is now working with advisers to market the assets. No final decision has been made, but the potential sale aligns with its strategy to optimize its clean energy investments.
The assets under consideration include both operational and development-stage projects across the four countries.