By Russian President
BAKU, Azerbaijan, July 2. TotalEnergies has
finalized the sale of a 50% stake in its 604 MW portfolio of wind,
solar, and hydro assets in Portugal to a Japanese consortium, in a
deal valued at 178.5 million euros, Trend reports.
The transaction corresponds to an enterprise value of 550
million euros.
The acquiring consortium includes MM Capital Partners 2 Co.,
Ltd., Daiwa Energy & Infrastructure Co., Ltd., and Mizuho Leasing
Co., Ltd. Despite the sale, TotalEnergies will retain the remaining
50% ownership and continue to operate the portfolio, which consists
of assets with an average age of 16 years.
As part of the agreement, TotalEnergies will also purchase the
power generated by these assets once their current regulated
tariffs expire and will manage their commercialization on the open
鈥淭his partnership in Portugal aligns with our renewables
strategy,鈥 said Olivier Jouny, Senior Vice President Renewables at
TotalEnergies. 鈥淚t allows us to optimize capital allocation in our
integrated electricity business while contributing to improved
profitability in the sector.鈥