TotalEnergies Sells 50% of 2 GW Solar and Storage Portfolio in Texas
The company also announced the acquisition of VSB Group
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TotalEnergies, a diversified multinational energy company, announced the sale of 50% of a portfolio of 2 GW solar and battery energy storage projects in Texas to Apollo, a New York-based asset management firm. The transaction will provide the company $800 million in cash, with $550 million in equity and $250 million in shareholder loan refinancing.
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