Total, through Total Quadran, its renewable electricity production subsidiary in France, and Banque des Territoires have signed an agreement where Banque des Territoires will take a 50% equity stake in Total Quadran's portfolio of solar and wind energy assets in France, with a total capacity of 143 MW.
This portfolio consists of 11 wind farms and 35 solar power plants, with a cumulative capacity of 96 MW and 47 MW respectively and has been valued at around €300 Million (100%) in this transaction.
The entry of Banque des Territoires into both portfolios alongside Total Quadran will enable Total Quadran to pursue further development of renewable energy projects in France. They will be able to do this in partnership with a locally established payer committed to regional development.
Through Banque des Territoires, Caisse des Depots takes environmental, social and governance factors into account in its investment decisions. This structuring transaction is another illustration of its commitment to these major issues.
Read the article online at: https://www.energyglobal.com/solar/29012020/total-and-banque-des-territoires-sign-portfolio-agreement/