TotalEnergies (FR.TTE) agrees to buy 50% of U.S. renewables company Clearway (US.CWEN)
TotalEnergies said on Wednesday it has agreed to buy 50% of Clearway Energy Group, the fifth-largest renewables company in the United States, marking the French group's largest U.S renewables energy acquisition. The transaction takes into account valuations of $35.1 per share for ClearWay Energy and $18 per share for SunPower, TotalEnergies added.
Clearway has 7.7 gigawatts (GW) of wind and solar assets in operation through its listed subsidiary CWEN and a 25 GW pipeline of renewable and storage projects.
1 totalenergies agrees buy 43235.html?.tsrc=fin srch50.0516