TotalEnergies SE (TTE) said Wednesday that it has completed the sale of a 50% stake in its 424 MW wind and solar portfolio in Greece to Asterion Industrial Partners for 508 million euros ($595.4 million), or about 1.2 million euros per MW.
The company said the sale fits its renewable strategy of selling up to half of its assets to manage risk and improve returns.
TotalEnergies retains a 50% stake and remains the operator of the assets, the company said, adding that it will offtake and market most of the electricity produced once the assets no longer receive regulated tariffs.
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