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News  ›  Benzinga

TotalEnergies Divests Half Of Greek Wind And Solar Assets For $595 Million

Benzinga Logo Benzinga By Lekha Gupta
TotalEnergies Divests Half Of Greek Wind And Solar Assets For $595 Million

TotalEnergies sold a 50% stake in its 424-megawatt wind and solar portfolio in Greece to Asterion Industrial Partners for 508 million euros, retaining operational control and electricity marketing rights.

Insights
TOT   positive

Company strategically divested half of its renewable assets, optimizing portfolio value while maintaining operational control, and the stock price increased by 1.90% in premarket trading