TotalEnergies sells stake in German battery portfolio to AllianzGI
TotalEnergies agreed to sell Allianz Global Investors (AllianzGI) a 50% stake in 11 battery storage projects under construction in Germany totalling 789MW/1,628MWh.The portfolio represents a total investment of €500 million ($580 million), with 70% financed by debt. TotalEnergies will remain...