TotalEnergies to acquire Polska Grupa Biogazowa and a 200-MW development pipeline of solar projects.

TotalEnergies, a global multi-energy company, agreed to acquire Polska Grupa Biogazowa, an energy company that generate renewable heat and power from biogas sourced from organic waste, and a 200-MW development pipeline of solar projects. Financial terms were not disclosed. “These agreements illustrate TotalEnergies' commitment to developing its renewable activities in Poland, and in Europe as a whole, to support the European Green Deal. On the one hand, we are gaining a solid foothold in Poland's biogas market thanks to an existing company’s proven track record, experienced teams, and broad asset base. On the other hand, we are developing our presence in renewable energies with a portfolio of solar projects. With these two transactions, we are pleased to be able support Poland in its ambition to develop renewable energies and strengthen its energy sovereignty. We hope we will also have the opportunity to provide Poland with our expertise in offshore wind, an area in which we have formed a partnership with KGHM,” Stéphane Michel, TotalEnergies President of Gas, Renewables & Power.