ENXTPA:TTEOil and Gas
Did TotalEnergies' US$2.2 Billion Masdar JV Just Reframe Its Asian Renewables Strategy (ENXTPA:TTE)
TotalEnergies SE and Abu Dhabi Future Energy Company – Masdar have signed a binding agreement to create a US$2.20 billion 50/50 joint venture that will combine their onshore solar, wind and battery storage activities across nine Asian countries into a single platform.
The new Abu Dhabi–based vehicle, with 3 GW of operating assets and 6 GW in advanced development, marks a material reshaping of TotalEnergies’ renewables footprint by concentrating Asian growth, capital and around 200 staff into...