Overview
- TotalEnergies keeps a 50% stake and remains operator, retaining offtake and marketing for most electricity produced.
- The assets will move off Greece’s regulated tariffs, increasing merchant price exposure that TotalEnergies will manage.
- The deal values the portfolio at about €1.2 million per megawatt across 424 MW of wind and solar capacity.
- The sale aligns with the company’s ongoing strategy of minority disposals in operating renewables to crystallize value and fund growth within an integrated power model.
- Asterion expands its European energy infrastructure holdings as institutional investors target stable renewable cash flows, while TotalEnergies shares rose about 1.9% in premarket trading, according to Benzinga.