The total totalnergies French Petro-Gazier announced on Monday a portfolio composed mainly of solar energy plants in North America to an insurance fund administered by the KKR investment company, an operation that will allow it to obtain $ 950 million. “The transaction is related to 6 solar energy plants that represent a total capacity of 1.3 gigawatts, as well as 41 production facilities for B2B customers for a total of 140 megawatts, mainly in the United States.
At the end of the operation and “thanks to the finished bank refinancing,” Totalnergies will receive $ 950 million. The group will continue to operate the assets it will maintain. “This transaction is completely part of our strategy, because it values the assets recently in service and strengthens the profitability of our integrated activity of activity,” said Stéphane Michel, director of the “Gas, Renewable and Power” branch, cited in the press release.
A 49% participation in gas production assets
Totalnergies points to a profitability of the average capital used of 12% in electricity, a level that is close to its hydrocarbons activities. The group explains the sale “up to 50% of its renewable assets once they reach their commercial commissioning date (COD) and derive” to “maximize the value of their portfolio and administer risks.”
The group also on Monday has signed an agreement with continental resources to acquire a 49% participation in natural gas production assets held and operated by the US group in the Anadarko basin, in the state of Oklahoma. The potential of these assets should make possible a gross production of approximately 350 million cubic feet per day (MPC/D) by 2030 and maintain this level, according to a press release. This complete acquisition of Dorado and Constellation, made in 2024 and located at the Eagle Ford Basin, adds Totalnergies.
After a decision of the Board of Directors of Totalnergies on Wednesday, total actions can change in two different places, Euronext in Paris and the New York Stock Exchange in the United States. No calendar has been specified.
Source: BFM TV
