TotalEnergies to acquire Quadra Energy.

TotalEnergies, an energy company, agreed to acquire Quadra Energy, a green energy generation firm. Financial terms were not disclosed. "We are pleased with the acquisition of Quadra Energy, and I would like to welcome their teams, who will be an essential component of our presence in Germany’s electricity market. This agreement will enable us to speed up the development of our Integrated Power activities in the country – whose electricity market has particularly attractive fundamentals – in both production, trading, aggregation and marketing of Corporate PPA and clean firm power. This acquisition thus contributes positively to our profitability target of 12 % ROACE by 2028 for this business segment," Stéphane Michel, TotalEnergies President.