Deals
TotalEnergies Buys $580 Million Stake in Brazil Wind and Solar
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TotalEnergies SE agreed to pay as much as $580 million to buy a stake in wind and solar power projects developed by Brazilian firm Casa dos Ventos, the latest move by the French oil and gas giant to expand in clean energy.
Under the deal, TotalEnergies and CDV will hold 34% and 66%, respectively, in a venture that will jointly develop, build and operate the renewable portfolio of the Brazilian company. The venture will also have the right to buy new projects developed by CDV, TotalEnergies said in a statement Wednesday.