TotalEnergies Sells Half of Greek Renewables Portfolio for €508 Million

TotalEnergies has closed the sale of a 50% interest in a 424-megawatt portfolio of wind and solar assets in Greece to infrastructure investor Asterion Industrial Partners, in a transaction that values the portfolio at €508 million, or roughly €1.2 million per megawatt installed. The French energy major will retain the remaining 50% stake and continue to operate the assets. It will also offtake and market most of the electricity generated once the projects exit Greece’s regulated tariff regime, preserving ...