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Market Chatter: TotalEnergies Mulls Divesting 50% Stake in 1.2-GW Clean Energy Assets

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TotalEnergies (TTE.PA, TTE.L) is considering selling a 50% interest in 1.2 gigawatts of solar parks and wind farms in France, Germany, Poland and Spain, Bloomberg reported Friday, citing people familiar with the matter.

The French energy company is working with advisers on the transaction, which could raise several hundred million euros, according to the report.

The possible sale is part of TotalEnergies' strategy of selling 50% stakes in renewable energy projects once they are completed to boost investment returns, Bloomberg said.

TotalEnergies did not immediately respond to a request for comment from.

(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.)

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