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Strategic asset sale supports renewable growth and debt reduction plans.

TotalEnergies Sells 50% Stake in French Renewable Portfolio for $155 Million.                                                                                                                        

French energy giant TotalEnergies has sold a 50% stake in a 270 MW portfolio of wind and solar assets in France to Eiffel Investment Group for €132.5 million ($155 million). The deal values the entire portfolio at €265 million ($311 million). The transaction is part of TotalEnergies’ strategy to fund its ambitious renewable energy expansion while maintaining financial discipline. The company aims to scale its renewable portfolio from 26 GW today to 100 GW by 2030 by developing projects and then selling minority stakes to recycle capital. CEO Patrick Pouyanné recently highlighted Europe, Britain, the U.S., and Brazil as priority markets for growth, even as the firm trims its capital expenditure budget by $1 billion. Pouyanné also noted that renewable asset sales worth about $3.5 billion will close by year-end, helping offset $3 billion in acquisitions in 2025 and reducing debt, while supporting expansion in both green and gas businesses.