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Total Energies in €1.5bn Total Eren swoop

Total Energies is taking full ownership of developer Total Eren in a €1.5bn deal and plans to integrate the company into its renewables division.

The French group announced that it is growing its stake in Total Eren from the current 29.2% to 100%, under the terms of a deal agreed in 2017. Total Eren has 3.5GW of operational renewables assets and a further 10GW in its development pipeline.

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