TotalEnergies (TTE) is planning to divest a 50% stake of its US renewable assets portfolio, Bloomberg reported Friday, citing people close to the matter.
The French energy company had 2.5 gigawatts of net installed solar capacity and roughly 800 megawatts of wind capacity in North America as of the end of Q1, according to the company's latest quarterly report.
TotalEnergies is also looking to sell a 50% stake in almost 300 megawatts of solar farms in Spain, a source told Bloomberg. However, the company could wait and develop more facilities before putting them on the block if investors show greater interest in a larger portfolio of assets, according to the source.
TotalEnergies didn't immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 59.59, Change: +0.41, Percent Change: +0.69
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.