Masdar weighs buying stake in TotalEnergies' Portuguese renewables, sources say
Portfolio Pulse from
Abu Dhabi's Masdar is considering purchasing a stake in TotalEnergies' Portuguese renewable energy assets, potentially through its recently acquired Saeta Yield subsidiary. TotalEnergies has approximately 600 megawatts of installed renewable capacity in Portugal, primarily in wind power, and is looking to divest around 2 GW of assets annually.
March 21, 2025 | 1:15 pm
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NEUTRAL IMPACT
TotalEnergies is exploring selling a stake in its Portuguese renewable assets, consistent with its strategy of consolidating its renewable portfolio and targeting annual divestments of around 2 GW.
The potential sale aligns with TotalEnergies' stated strategy of portfolio consolidation. While this specific transaction might not dramatically impact stock price, it demonstrates the company's disciplined approach to renewable energy investments.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80