France’s Total Sells Stake in 338 MW of Solar and Wind Assets
Crédit Agricole Assurances and Banque des Territoires acquired the stakes
February 23, 2021
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights
French oil and gas major Total announced its plans to sell parts of its stake in its solar and wind farms to France-based Crédit Agricole Assurances and Banque des Territoires. The value of the portfolio (about 340 MW) is around $600 million. The company hopes to derisk the group’s portfolio while increasing cash flow and returns on equity.