TotalEnergies to Sell 50% of Its North American Solar Assets ...Middle East

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TotalEnergies to Sell 50% of Its North American Solar Assets
source : OILPRICE ( Middle East ) () 59
TotalEnergies has agreed to sell 50% of its solar projects portfolio in North America to global investment firm KKR for about $1 billion, as part of the French supermajor’s renewables strategy to divest half of its already operational assets. TotalEnergies is selling 50% of a portfolio of combined 1.4 gigawatts (GW) installed capacity in a transaction valuing said portfolio at $1.25 billion, the supermajor said on Monday. Thanks to the transactions and the bank refinancing currently being finalized, TotalEnergies will receive a total of $950…

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