# TotalEnergies acquires Total Eren for €1.5 billion

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.

- Type: Acquisition
- Announced: 2023-07-25
- Value: $1.68B (1.50B EUR)
- Status: announced
- Capacity: 3.5 GW renewable capacity in operation, 10 GW pipeline
- Products: renewable energy (solar, wind, hydroelectric, storage)
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [TotalEnergies](https://endata.com/companies/9252.md) (acquirer)
- [Total Eren](https://endata.com/companies/71622.md) (target)

## Sources

- [sweetcrudereports.com](https://sweetcrudereports.com/totalenergies-acquires-total-eren-after-5-years-successful-strategic-alliance/), 2023-07-25: "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%."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.