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Integrated Power: TotalEnergies Closes Three International Acquisitions of Renewable Portfolios

1. TotalEnergies finalizes acquisitions of VSB Group and SN Power. 2. New projects with RES targeting renewable energy in Alberta announced.

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FAQ

Why Bullish?

Acquisitions and expansion in renewables enhance TTE's market position and growth potential. Historical investments in renewable projects have previously benefited company valuations.

How important is it?

The acquisitions directly expand TotalEnergies' renewable capabilities, crucial for its transition strategy and competitive positioning.

Why Long Term?

Strategic acquisitions will take time to yield financial returns, but position TTE for sustainable growth. Long-term energy transition trends favor companies investing in renewables.

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BPRDS.ANEE
PARIS--(BUSINESS WIRE)--Following the agreements signed in 2024, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) confirms the closing of its acquisitions of VSB Group, a European wind and solar developer with extensive operations in Germany, and SN Power, which develops hydropower in Africa, particularly Uganda. TotalEnergies is also announcing new deals with renewables developer RES, with a view to acquiring renewables projects in Alberta, and the closing of a first project acquisition. Europe:.

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