TotalEnergies acquires Shell's European onshore renewables business
The deal is paired with an immediate 50% sell-down of a 1.2 GW pipeline to KKR.
By Matthias Blank · drafted with the Vantage newsroom system, approved before publication
TotalEnergies is acquiring Shell's European onshore renewables business, per Renews.biz. The transaction pairs asset acquisition with immediate capital recycling: TotalEnergies is simultaneously selling a 50% stake in a 1.2 GW development pipeline to KKR, limiting balance-sheet exposure from close.
In the UK offshore wind services segment, North Star secured £275m in fleet financing from an expanded lender group, per Renews.biz. The facility is earmarked for fleet expansion tied to offshore wind growth. No specific vessel count was disclosed in the headline item.
On the turbine supply side, Nordex won a 77 MW order in Romania from OX2, per Renews.biz. The contract includes a 35-year service agreement, extending Nordex's long-term revenue visibility in the Romanian market.
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