TotalEnergies sells 50% stake in 1.2-GW European renewables portfolio to KKR for EV of EUR 1.8 billion

Reuters2026/08/03 06:45

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TotalEnergies signed a deal to buy Shell’s entire onshore renewables business in Europe, covering 4 GW of projects.
Portfolio includes 500 MW of solar and wind operating or under construction, mainly in Italy and the Netherlands.
Also includes a 3.5 GW pipeline spanning solar, wind, battery storage in Italy, the UK, Spain.
Transaction is expected to close by end-2026, subject to regulatory clearances.
Separately, it agreed to sell KKR a 50% stake in a largely developed 1.2 GW renewables portfolio at € 1.8 billion enterprise value.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TotalEnergies SE published the original content used to generate this news brief via Business Wire (Ref. ID: 202608030245BIZWIRE_USPR_____20260802_BW104447) on August 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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TotalEnergies sells 50% stake in 1.2-GW European renewables portfolio to KKR for EV of EUR 1.8 billion

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