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

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.