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Integrated Power & Renewables: TotalEnergies Implements its Strategy of Capital Recycling with an Acquisition in Germany and a Farm Down in the US

By MarketWatch   |   2 weeks ago
Integrated Power & Renewables: TotalEnergies Implements its Strategy of Capital Recycling with an Acquisition in Germany and a Farm Down in the US

TotalEnergies acquires VSB Group, a leading renewable energy developer in Germany, for EUR1.57 billion. Additionally, TotalEnergies sells 50% of its solar and battery storage projects in Texas to Apollo for $800 million, strengthening its Integrated Power business model.

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