KKR to buy 50 percent stake in TotalEnergies’ European onshore solar and wind business for €1.8bn
The deal is in line with TotalEnergies’ business model of selling 50% stakes in renewable assets once developed. The transaction covers a portfolio of assets in Germany, Spain, France and Poland. The electricity produced by these assets is already sold to third parties. TotalEnergies has signed an agreement with an insurance account managed by KKR…