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France’s Total Sells Stake in 338 MW of Solar and Wind Assets

Crédit Agricole Assurances and Banque des Territoires acquired the stakes

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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.

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