TotalEnergies announced on July 25 that it has continued its growth in the renewable energy sector with the purchase of all the shares of the independent power producer, Total Eren.

TotalEnergies is the oil giant that is still active in the fossil fuel sector. It is now strengthening its presence in the field of renewable energies and maintaining its ambition to become a net-zero carbon company by 2050. He previously owned nearly 30% of Total Eren style="font-family: "Bookman Old Style”, “serif"">, values the latter at $4.2 billion in this transaction. In reality,Total Eren style="font-family: "Bookman Old Style”, "serif""> has 3.5 GW of renewable energy production capacity around the world and a portfolio of solar projects, & wind, hydroelectric and storage facilities of more than 10 GW in 30 countries, of which 1.2 GW are under construction or in the advanced stages of development