TotalEnergies to Buy 50% of US Renewables Company Clearway
25 Mai 2022 - 7:51AM
Dow Jones News
By Cecilia Butini
TotalEnergies said Wednesday that it has agreed to buy 50% of
U.S.-based renewable energy company Clearway Energy Group from
Global Infrastructure Partners LLC.
The French energy company said that Global Infrastructure
Partners will receive $1.6 billion in cash plus an interest of 50%
minus one share in a TotalEnergies subsidiary which holds a 50.6%
ownership in SunPower Corp., a U.S. residential solar power
company.
The transaction values Clearway Energy at $35.1 a share and
SunPower at $18 a share, TotalEnergies said.
"The acquisition brings TotalEnergies' renewable portfolio in
the U.S. to more than 25 GW," the company said.
Clearway Energy Group controls and owns 42% of subsidiary
Clearway Energy Inc., TotalEnergies said.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
May 25, 2022 01:36 ET (05:36 GMT)
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