TotalEnergies (TTE) is considering selling a 50% stake in a portfolio of European renewable energy assets, Bloomberg reported Friday, citing unnamed people familiar with the matter.
The French energy major is working with advisers on a potential deal worth several hundred million euros, covering about 1.2 gigawatts of solar and wind farms across France, Germany, Poland, and Spain, sources told Bloomberg.
TotalEnergies did not immediately reply to' request for comment.
Zenith Energy (ZEN.L, ZENA.OL) agreed to sell its onshore drilling rig to a Philippines-based company operating in the oil and gas sector.The energy production company said Friday the $4.3 million sale of the ZEN-260 rig will improve its financial position and secure funding to boost development of its Italian solar portfolio.The deal received clearances from the relevant authorities in the Philippines, with the rig's import into the country scheduled for July.
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.)
Vallourec (VK.PA) said Friday it will collaborate with engineering and consulting company Syngular Solutions on carbon capture and geological storage projects in Brazil.The French energy pipelines company said Friday that the memorandum of understanding will involve developing bioenergy with carbon capture and storage, as well as carbon capture, utilization, and storage initiatives.Vallourec noted that the agreement aims to boost its footprint in the new energy market through partnerships.