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TotalEnergies announced it will acquire the remaining 70.8% stake in Total Eren for a net investment of approximately €1.5 billion, valuing Total Eren at an enterprise value of €3.8 billion. Total Eren has 3.5 GW of renewable capacity in operation and a 10 GW pipeline.
“TotalEnergies is pursuing its profitable growth in the renewable energy sector with today’s announcement that it is buying out Total Eren’s other shareholders, increasing its stake from close to 30% to 100%.”sweetcrudereports.com
Summarized from public sources; check the original articles before acting on it.