Mergers & Acquisitions ·
TotalEnergies signed agreements to acquire Shell’s entire onshore renewables business in Europe, comprising 500 MW of…
TTETotalEnergies SE
TotalEnergies signed agreements to acquire Shell’s entire onshore renewables business in Europe, comprising 500 MW of operational or under-construction solar and wind assets and a 3.5 GW pipeline, for full ownership expected by end-2026. Simultaneously, it agreed to sell a 50% stake in a developed 1.2 GW European renewables portfolio to KKR for an enterprise value of €1.8 billion, with completion also targeted for 2026. The company completed the transfer of its 10% interest in Arctic LNG 2 to NordLine, retaining rights to approximately US$1.3 billion in shareholder loans subject to sanctions. Regular weekly share repurchase disclosures were also filed. TotalEnergies is a global integrated energy company producing and marketing oil, gas, renewables, and electricity.