TotalEnergies Sells AllianzGI 50% Stake in 11 German Battery Storage Projects

Reuters03-03 16:28

TotalEnergies Sells AllianzGI 50% Stake in 11 German Battery Storage Projects

TotalEnergies SE has agreed to sell Allianz Global Investors a 50% equity stake in a portfolio of 11 battery storage projects under construction in Germany. The projects have a combined capacity of 789 MW and 1,628 MWh and represent a total investment of about €500 million, with around 70% to be financed by debt. TotalEnergies will remain the operator, and the assets are expected to be fully operational by 2028, subject to customary approvals and conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TotalEnergies SE published the original content used to generate this news brief via Business Wire (Ref. ID: 202603030328BIZWIRE_UKPR_REG_20260303_BW573855) on March 03, 2026, and is solely responsible for the information contained therein.

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The projects have a combined capacity of 789 MW and 1,628 MWh and represent a total investment of about €500 million, with around 70% to be financed by debt. TotalEnergies will remain the operator, and the assets are expected to be fully operational by 2028, subject to customary approvals and conditions.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TotalEnergies SE published the original content used to generate this news brief via Business Wire (Ref. 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