TotalEnergies is buying Shell's entire European onshore renewable energy business, as the French oil and gas major continues to develop its Integrated Power business, while its UK-based peer retreats from renewables to focus on its core oil and gas business to boost returns.
TotalEnergies Strikes Renewable Power Deals With Shell, KKR
TotalEnergies is buying Shell's entire European renewable power portfolio while selling a 50% stake in a portfolio of renewable assets to US firm KKR.
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