TotalEnergies divests 50% of its renewable portfolio in Greece

17 Dec TotalEnergies divests 50% of its renewable portfolio in Greece

(Oilandgaspress) In line with its renewables business model, TotalEnergies has closed the sale to Asterion Industrial Partners of 50% of its 424 MW wind and solar portfolio in Greece. This transaction values the portfolio at €508 million, equivalent to approximately €1.2 million per MW installed.

TotalEnergies retains a 50% 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.

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