TotalEnergies Buys Shell's Onshore Renewables Portfolio In Europe, Sells 50% Of 1.2 GW Assets To KKR For €1.8B
The acquisition of Shell’s onshore renewables portfolio complements TotalEnergies’ power generation activities in four key European countries.The transaction with KKR is in line with TotalEnergies’ business model of
TotalEnergies bought renewable energy projects from Shell in Europe and then sold half of them to an investment firm for €1.8 billion. This shows TotalEnergies is building up clean energy while being smart about sharing the work with partners.
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