Key highlights
- TotalEnergies sold 50% of its 424 MW wind and solar portfolio in Greece to Asterion Industrial Partners.
- The transaction values the portfolio at €508 million, or €1.2 million per MW.
- TotalEnergies retains operational control and will market most of the electricity produced.
Transaction Overview
TotalEnergies has completed the sale of 50% of its 424 MW wind and solar portfolio in Greece to Asterion Industrial Partners. The transaction values the portfolio at €508 million, equating to approximately €1.2 million per MW installed.
Operational Control
Despite the sale, TotalEnergies retains a 50% stake and continues to operate the assets. The company will also offtake and market most of the electricity produced once the assets no longer benefit from regulated tariffs.
Business Strategy
TotalEnergies is focused on building a competitive portfolio that integrates renewables like solar and wind with flexible assets such as CCGT and storage. This approach aims to deliver clean, firm power to customers while achieving profitability and risk-sharing through partial divestments.
