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TotalEnergies is on the move to divest a 50% stake in its renewable portfolio in Europe and the US, aiming for $2.5bn worth of transactions. The company is in search of advisers to navigate through multiple potential deals.
🌍 Global Renewable Portfolio: With assets including wind and solar across the US, Spain, Portugal, France, and Greece, TotalEnergies' offering is substantial. Notably, its US capacity exceeds 25 GW, enriched by a significant stake in Clearway Energy. European operations are spearheaded by Total Eren, a fully integrated arm since Jul’23.
đź’° Investment Strategy for Growth: Aiming to allocate one-third of its $18bn/yr capital expenditure to renewables till 2030, TotalEnergies is strategically divesting to raise growth capital. This reflects a calculated move to power its next phase of green energy ventures.
💡 Setting the Pace: TotalEnergies’ approach aligns with a wider trend of strategic asset reallocation among energy giants and utilities like Shell, Enel, Repsol, and Iberdrola. This strategy highlights an industry-wide shift towards reinvesting in the future through selective portfolio optimization.
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
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