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TotalEnergies SE ( (FR:TTE) ) has shared an update.
TotalEnergies has sold 50% of its shares in West Burton Energy to EPUKI, a UK subsidiary of EPH, as part of its strategy to adjust its net flexible generation capacity to support renewable growth in the UK. This move is aligned with TotalEnergies’ Integrated Power business goals and reflects its ongoing commitment to balancing flexible and renewable assets, aiming for a 12% return by 2030. The partnership with EPH will enhance TotalEnergies’ operational capacity in the UK, reinforcing its position in the energy market and contributing to its long-term sustainability objectives.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company involved in the production and marketing of various energies including oil, biofuels, natural gas, renewables, and electricity. With over 100,000 employees, the company is committed to providing reliable, affordable, and sustainable energy worldwide. It operates in about 120 countries and places sustainability at the core of its strategy and operations. In the UK, TotalEnergies is a leading oil and gas operator, significant supplier of gas and electricity, and is actively expanding its renewable energy portfolio.
YTD Price Performance: -9.74%
Average Trading Volume: 2,154,100
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €121.7B
Find detailed analytics on TTE stock on TipRanks’ Stock Analysis page.
