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TotalEnergies: acquires 50% of Clearway Energy Group
(CercleFinance.com) - TotalEnergies announces that it has signed agreements with Global Infrastructure Partners (GIP) to acquire 50% of Clearway Energy Group (CEG), the fifth largest US renewable energy company.
Clearway Energy Group develops wind and solar projects and holds a controlling interest and 42% of the economic rights of its listed subsidiary Clearway Energy, to which it transfers renewable projects when they become operational. As part of the transaction, GIP will receive 1.6 billion dollars in cash and a 50% minus one share interest in TotalEnergies' 50.6% owned subsidiary SunPower, a leader in US residential solar power. The acquisition brings TotalEnergies' renewable portfolio in the US to over 25 GW and contributes to its goal of having the US represent at least 25% of the company's global 100 GW target by that time. Copyright (c) 2022 CercleFinance.com. All rights reserved. |
19/04/2024 18:06
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