TotalEnergies to acquire West Burton Energy from EIG for £450m.

TotalEnergies, a global integrated energy company, agreed to acquire West Burton Energy, an independent power producer, from EIG, an American investment firm, for £450m. “I am delighted to welcome the West Burton B team to TotalEnergies. This acquisition contributes to our integrated strategy in the UK, which combines renewable and flexible generation capacity. It complements our 1.1 GW Seagreen offshore wind farm and allows us to accelerate the development of our Integrated Power activities in power generation, trading and marketing in this market. The deal also contributes directly to our 2028 ROACE target of around 12% in this business sector,” Stéphane Michel, TotalEnergies President.