The total value of the portfolio is estimated at €508 million, or approximately €1.2 million per installed megawatt.
According to the news agency Reuters, under this agreement, TotalEnergies will continue to operate the Greek projects and retain the remaining 50%, planning to trade and sell electricity after the expiration of regulated tariffs.
The move aligns with the company’s strategy of divesting minority stakes in operating renewable energy projects, thereby enhancing the return on its investments, which in many markets yield stable, government-regulated prices for the energy produced. Globally, TotalEnergies has 32 gigawatts of total installed renewable energy capacity, surpassing all other major oil companies.
The sale comes amid investment pressures to reduce debt, following a series of acquisitions that caused the debt-to-equity ratio to double in the first half of 2025.
