TotalEnergies Acquires Shell Renewables Assets and Sells KKR 50% Stake
TotalEnergies agreed to acquire a 4 GW renewables portfolio from Shell, including 500 MW of solar and wind assets in operation or under construction, and to sell a 50% stake in a largely developed 1.2 GW onshore solar and wind portfolio to KKR for an enterprise value of €1.8 billion. Assets are in Germany, Spain, France and Poland, aligning with TotalEnergies’ 50% farm-down model to optimize capital allocation.
Coverage (16)
- Norton Rose Fulbright advises TotalEnergies on sale of 50% stake in European renewables portfolio to KKR (nortonrosefulbright.com)
- TotalEnergies acquires Shell's renewables portfolio (enlit.world)
- KKR To Acquire 50% Stake In TotalEnergies’ €1.8 Billion European Renewable Energy Portfolio (pulse2.com)
- TotalEnergies buys Shell’s 4GW European renewables portfolio (energylivenews.com)
- TotalEnergies to buy Shell's wind and solar businesses in Europe (aol.com)
- Shell Signs Deal to Sell European Onshore Renewables Portfolio to TotalEnergies (egyptoil-gas.com)
- TotalEnergies to buy Shell's wind and solar businesses in Europe (euronews.com)
- Why Shell Sold its European Renewables Arm to TotalEnergies (energydigital.com)
- TotalEnergies acquires Shell renewables to fuel integrated power strategy (capacityglobal.com)
- TotalEnergies buys all of Shell’s European renewable energy assets (esgdive.com)
- Renewables in Europe: TotalEnergies Acquires Shell’s R (totalenergies.com)
- Shell sells European onshore renewables to TotalEnergies (reuters.com)
- TotalEnergies buys Shell's European renewables business (turkiyetoday.com)
- TotalEnergies Acquires Shell’s European Onshore Renewables Business (esgtoday.com)
- Renewables in Europe: TotalEnergies Acquires Shell’s Renewables Business and Sells a 50% Stake in a Portfolio of Developed Assets to KKR (finance.yahoo.com)
- TotalEnergies to Acquire Shell’s 4 GW Renewables Portfolio (stocktitan.net)