Credit Agricole Buys 50% of Renewable Portfolio From TotalEnergies
February 03 2023 - 3:32AM
Dow Jones News
By Ed Frankl
Credit Agricole SA said Friday that its Bancassurance arm bought
50% of a portfolio of renewable projects from TotalEnergies SE with
a capacity of 234 megawatts.
The deal values the entire portfolio, comprising 23 solar-power
plants and six wind-power plants, at $300 million, Credit Agricole
said.
The portfolio will provide enough energy for 200,000 people and
prevent the emission of 96,000 metric tons of carbon dioxide a year
for 30 years, the bank said.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
February 03, 2023 03:17 ET (08:17 GMT)
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