.
MergerLinks Header Logo

New Deal


Announced

TotalEnergies to acquire a 50% stake in Clearway Energy from Global Infrastructure Partners for $1.6bn.

Financials

Edit Data
Transaction Value£1,276m
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Pending

United States

Minority

Private Equity

renewable energy

energy

Cross Border

Renewable Energy Equipment

Single Bidder

Acquisition

Friendly

Private

Synopsis

Edit

TotalEnergies, an energy company that produces and markets energies on a global scale, agreed to acquire a 50% stake in Clearway Energy, a renewable energy, from Global Infrastructure Partners, global investment company, for $1.6bn. “We are extremely pleased to partner with TotalEnergies to continue leading the energy transition in the US. We are proud of the growth and accomplishments of the Clearway team since our initial investment in 2018, and we are confident that with TotalEnergies as a partner, Clearway will be able to accelerate the deployment of cost-competitive renewable power in the US. We are extremely pleased to partner with TotalEnergies to continue leading the energy transition in the US. We are proud of the growth and accomplishments of the Clearway team since our initial investment in 2018, and we are confident that with TotalEnergies as a partner, Clearway will be able to accelerate the deployment of cost-competitive renewable power in the US,” Adebayo Ogunlesi, GIP Chairman and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US