TotalEnergies Shell Asset Deal
TotalEnergies acquires Shell's European onshore wind and solar assets while advancing its Mozambique LNG project toward a 2029 start date.
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- MARKETLNG (LNG)
▼ 3.30% close $258.08 from $266.88
- MARKETTotalEnergies to acquire Shell's European onshore wind and solar assets
The deal adds roughly 4GW of clean power capacity to TotalEnergies' portfolio, accelerating the French major's shift toward renewables while Shell consolidates its European energy footprint.
Club of Mozambique - STATEMENTTotalEnergies
“These two transactions enable us to optimise our capital allocation in renewables while continuing to deploy our Integrated Power strategy,”
in: TotalEnergies to acquire Shell's European onshore wind and solar - MARKETTotalEnergies targets 2029 for first Mozambique LNG train as project hits 45% completion
The French major's progress update on the $20 billion development signals a return to normalcy in a key supply hub, potentially easing long-term tightness in the global gas market.
Club of Mozambique