Monday, March 20 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Mar 20
Week of Mar 13
Week of Mar 06
Week of Feb 27
Week of Feb 20
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    TotalEnergies selling half of 234-MW French solar, wind portfolio

    February 3, 2023 - SeeNews Renewables


      February 3 (Renewables Now) - TotalEnergies said on Friday that it is selling a 50% stake in the 234-MW wind and solar portfolio in France to French insurance firm Credit Agricole Assurances.

      The deal takes into account an enterprise value of USD 300 million (EUR 274.5m) for 100% of the portfolio, equivalent to a multiple of 16 EBITDA, the French multi-energy major said, adding that the sale enables it to accelerate project cash flows and improve the return on invested capital.

      The portfolio includes 29 assets, 25 of which are operational, generating 180 MW. The remaining four are projects bringing a combined 54 MW. Their commissioning is due in the first half of 2023.

      In terms of technology, 23 assets are solar with a capacity of 168 and six are wind totalling 67 MW.

      TotalEnergies will continue to provide asset management and operation and maintenance services for all 29 plants, the company said.

      For Credit Agricole Assurances, acting as an institutional investor in renewables, the transaction will contribute to its goal of reaching installed capacity of 14 GW by 2025.

      (USD 1.0 = EUR 0.915)


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.