Lisbon, July 2, 2025 (Lusa) — TotalEnergies has completed the sale of 50% of a portfolio of renewable assets in Portugal, comprising wind, solar and hydroelectric power plants, to a Japanese consortium for €178.5 million, the company announced on Wednesday.

The transaction, which is part of the French multinational's business model for renewable energy, includes assets with a total installed capacity of 604 megawatts (MW) and values the assets at €550 million.

The buyer consortium is formed by MM Capital Partners 2 Co., Ltd., Daiwa Energy & Infrastructure Co. Ltd. and Mizuho Leasing Co., Ltd.

After the transaction, TotalEnergies will continue to hold 50% of the assets and maintain its operation.

"We are excited about this partnership in Portugal, a country where we intend to continue growing in the renewable energy sector," said Olivier Jouny, executive vice president of TotalEnergies' Renewables division, quoted in the statement.

"This transaction allows us to optimise the allocation of capital in our integrated electricity activities and contribute to improving the sector's profitability," he added.

The assets are on average 16 years old and, after the end of the regulated tariffs they currently benefit from, TotalEnergies will purchase the electricity produced and ensure its commercialisation.

The French multinational had a gross installed renewable production capacity of 28 gigawatts (GW) at the end of March and aims to reach 35 GW by the end of 2025, with a target of exceeding 100 terawatt-hours (TWh) of net electricity production by 2030.

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