Renewables in Europe: TotalEnergies Acquires Shell’s Renewables Business and Sells a 50% Stake in a Portfolio of Developed Assets to KKR
The deals add 4 GW of assets and give TotalEnergies a 50% stake sale valued at €1.8 billion, the company said.
- TotalEnergies announced two major European transactions, acquiring Shell's onshore renewables business while selling a 50% stake in a 1.2 GW asset portfolio to KKR for an enterprise value of €1.8 billion.
- These agreements align with TotalEnergies' business model of selling 50% stakes in developed renewable assets, designed to optimize capital allocation while deploying its Integrated Power strategy across Europe.
- The Shell acquisition includes 500 MW of solar and wind assets in operation or construction, plus a 3.5 GW pipeline of solar, wind and battery storage projects in Italy, the Netherlands, the United Kingdom, and Spain.
- Under the KKR agreement, TotalEnergies will retain a 50% stake in assets across Germany, Spain, France and Poland, continuing to operate the facilities after the transaction completes in 2026.
- With more than 37 GW of gross renewable power generation capacity, TotalEnergies aims to reach a ROACE of 12% by 2030 through these strategic transactions.
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29 Articles
Shell is going to sell all its onshore solar and wind farms in Europe to the French TotalEnergies. Both oil giants announced this on Monday morning…
TotalEnergies sold a 50% stake in European solar and wind energy assets to the KKR manager, in a business that evaluates the portfolio at 1.8 billion euros, including debt. Exclusive material for subscribers. To have full access, access the link of the material and register.
The Dutch-British Shell Group is selling its renewable energy business on land to its French competitor, Total Energies.
The transaction includes investments in Italy, the Netherlands, Spain and the UK. Sales reflect the different strategies of the two companies.
Oil and energy producer Shell is selling all renewable energy projects on the European mainland. The oil company announced this on its website. The French company Total Energy is acquiring these activities. This includes solar power parks, onshore wind farms, and facilities for the storage of sustainable energy. Shell mentions projects in the Netherlands, Italy, Spain, and the United Kingdom. Some are activities that have already been put into…
Agreement with Shell for the acquisition of all terrestrial renewable energy activities in Europe, includes "500 megawatts of solar and wind assets in operation or under construction". At the same time, TotalEnergies reported that it will sell to the North American KKR fund a 50% stake in a portfolio of wind and wind assets
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