TotalEnergies Expands Solar Portfolio with Spanish Acquisition

Feb 22, 2024 03:42 PM ET
  • TotalEnergies continues to lead the way in renewable energy with acquisitions in Spain and Germany, contributing to the country's energy transition and expanding its portfolio.

TotalEnergies Renewables has acquired the 59MW Dehesa Nueva del Rey solar park in Spain, adding to its 3GW portfolio of solar projects with environmental permits in various regions. The plant is expected to generate enough electricity to power over 33,000 homes annually. TotalEnergies is committed to contributing to Spain's energy transition by promoting renewable energies.

In addition to the acquisition in Spain, TotalEnergies recently signed an agreement to acquire Kyon Energy, a developer of battery storage systems in Germany. The company is expanding its portfolio of renewable energy projects and aims to become an integrated power player in the country. Meanwhile, Norwegian state-owned power company Statkraft AS has secured consent to set up a 228-MWp solar farm in the region of Murcia, Spain, as part of the ecological transition.

What recent acquisitions has TotalEnergies made in the solar industry?

  • TotalEnergies acquired the 59MW Dehesa Nueva del Rey solar park in Spain
  • TotalEnergies signed an agreement to acquire Kyon Energy, a developer of battery storage systems in Germany
  • Statkraft AS secured consent to set up a 228-MWp solar farm in the region of Murcia, Spain

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