TotalEnergies to acquire the remaining 70.8% stake in Total Eren from EREN for $3bn.

TotalEnergies, an energy and petroleum company, agreed to acquire the remaining 70.8% stake in Total Eren, a renewable company, from EREN, a semiconductor manufacturing company, for $3bn. “Our partnership with Total Eren has been very successful, as shown by the size and quality of the renewables portfolio. With the acquisition and integration of Total Eren. We are now opening a new chapter of our development as the expertise of its team and its complementary geographical footprint will strengthen our renewable activities and our ability to build a profitable integrated power player,” Patrick Pouyanné, TotalEnergies Chairman & CEO.