TotalEnergies has
closed the sale to Asterion Industrial Partners of 50
per cent of its 424 MW wind and
solar portfolio in Greece.
This transaction
values the portfolio at €508 million ($595 million), equivalent to
approximately €1.2 million ($1.4 million) per MW installed.
TotalEnergies retains
a 50 per cent stake and remains the operator of the assets.
Besides, TotalEnergies
will offtake and market most of the electricity produced by these assets when
they stop benefiting from the regulated tariffs.
TotalEnergies is
building a competitive portfolio that combines renewables (solar, onshore wind,
offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power
to its customers.
To achieve its
profitability objectives and share risks, TotalEnergies divests up to 50 per cent of its
interests in renewable assets, enabling the company to maximise the value of its portfolio.-TradeArabia News Service
