KKR Buys Total Renewable Power Stake in €1.8 Billion Deal
Deals·1 article across 1 outlet
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
TotalEnergies SE agreed a pair of renewable power deals, selling a 50% stake in a portfolio of assets valued at €1.8 billion ($2.1 billion) to an insurance account managed by KKR & Co. and also buying Shell Plc’s European onshore renewables assets.
The transaction marks a significant move in the renewable energy sector as TotalEnergies continues to expand its portfolio while KKR increases its investment in sustainable energy.
TotalEnergiesKKRShell
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“TotalEnergies SE agreed a pair of renewable power deals, selling a 50% stake in a portfolio of assets valued at €1.8 billion ($2.1 billion) to an insurance account managed by KKR & Co. and also buying Shell Plc’s European onshore renewables assets.”
Bloomberg — KKR Buys Total Renewable Power Stake in €1.8 Billion Deal