TotalEnergies Buys Shell's Onshore Renewables Portfolio In Europe, Sells 50% Of 1.2 GW Assets To KKR For €1.8B

TotalEnergies SE
Shell Plc Sponsored ADR
KKR & Co

TotalEnergies SE

TTE

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Shell Plc Sponsored ADR

SHEL

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KKR & Co

KKR

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  • The acquisition of Shell’s onshore renewables portfolio complements TotalEnergies’ power generation activities in four key European countries.
  • The transaction with KKR is in line with TotalEnergies’ business model of selling 50% stakes in renewable assets once developed.
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