Article

TotalEnergies has completed a €5.1 billion acquisition of renewable assets, enhancing France's role in Europe’s renewable energy sector. This deal, which includes offshore wind, solar, and hydrogen assets, aligns with the EU's climate goals and supports TotalEnergies' 'Transformation 2030' strategy to reduce hydrocarbon reliance. The acquisition is expected to reshape market dynamics and may encourage consolidation among other energy firms in response to the evolving competitive landscape.