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The latest announcement is out from TotalEnergies SE ( (FR:TTE) ).
TotalEnergies has completed the sale of 50% of its 604 MW renewable energy portfolio in Portugal to a consortium for €178.5 million. The company will retain operational control and plans to purchase and commercialize the energy produced once current tariffs expire, aligning with its strategy to optimize capital allocation and enhance sector profitability.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company involved in producing and marketing various forms of energy, including oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity. With over 100,000 employees, the company operates in about 120 countries and emphasizes sustainability in its strategy and operations.
For a thorough assessment of TTE stock, go to TipRanks’ Stock Analysis page.