- TotalEnergies has sold 50% of its 604 MW renewable asset portfolio in Portugal to a consortium for 178.5 million euros. - The portfolio includes wind, solar, and hydroelectric assets currently in operation. - Following the sale, TotalEnergies will retain a 50% stake and continue to operate the assets. - TotalEnergies will purchase the production of these assets after the regulated tariffs expire. - The assets have an average age of 16 years. - Olivier Jouny, SVP Renewables at TotalEnergies, highlighted the positive impact of this partnership on their renewable strategy in Portugal. - The company aims to optimize capital allocation in its integrated electricity activities and enhance sector profitability. - As of March 2025, TotalEnergies has 28 GW of installed gross renewable electricity generation capacity. - The company plans to reach 35 GW by the end of 2025 and more than 100 TWh of net electricity production by 2030. - TotalEnergies is a global integrated energy company committed to reliable, affordable, and sustainable energy solutions.

In Line With its Business Model, TotalEnergies is Selling 50% of a Portfolio of Renewable Assets in Portugal

Jul 2, 2025 8:59 AM Eastern Daylight Time

TotalEnergies remains operator of the assets
The portfolio consists of wind, solar and hydroelectric assets in operation

PARIS--(BUSINESS WIRE)--In line with its renewables business model, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the completion of the sale of 50% of its 604 MW wind, solar and hydro portfolio in Portugal to the Consortium composed of MM Capital Partners 2 Co., Ltd, Daiwa Energy & Infrastructure Co. Ltd, and Mizuho Leasing Co., Ltd for a consideration of 178,5 million euros, equivalent to an enterprise value of €550 m.

Following this transaction, TotalEnergies will retain a 50% stake and continue to operate the assets. Additionally, once the regulated tariffs they benefit from expire, TotalEnergies will purchase the production of these assets, which have an average age of 16 years, and will handle their commercialization.

“We are pleased with this partnership in Portugal, a country where TotalEnergies intends to continue its development in renewables. In line with our strategy, this transaction allows us to optimize our capital allocation in our integrated electricity activities and contribute to improving the sector's profitability”, said Olivier Jouny, SVP Renewables at TotalEnergies.

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TotalEnergies and electricity
TotalEnergies is building a competitive portfolio that combines renewables (solar, onshore wind, offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers.
As of the end of March 2025, TotalEnergies has 28 GW of installed gross renewable electricity generation capacity and aims to reach 35 GW by the end of 2025, and more than 100 TWh of net electricity production by 2030.

About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.

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Cautionary Note
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