2 hours ago
2
Darrell Proctor
Thu, April 2, 2026 astatine 9:29 AM CDT 2 min read
TotalEnergies has sold a 50% involvement successful an 800-MW portfolio of artillery vigor retention projects successful Germany to Allianz Global Investors, a Germany-based radical that has astir $640 cardinal of assets nether management. The merchantability was announced April 2 by DNV, an autarkic vigor adept and assurance provider. DNV acted arsenic method advisor to TotalEnergies for the transaction. The portfolio includes 11 projects presently nether construction, and represents 789 MW/1,628 MWh of capacity. The projects are expected to participate commercialized cognition implicit the adjacent 2 years. TotalEnergies and AllianzGI volition finance, construct, and run the projects arsenic portion of a associated venture. Officials connected Thursday said the woody values the portfolio astatine astir 500 cardinal euros ($577 million), and represents 1 of the largest artillery vigor retention deals successful Germany. DNV said the projects "will supply captious flexibility to the German powerfulness system, helping to integrate renewable energy, trim grid congestion, and enactment the country's vigor modulation goals."
Want to larn much astir vigor retention projects worldwide? Register to be the Experience POWER lawsuit astatine the Omni Shoreham successful Washington, D.C., aboriginal this year. Click present to larn much astir the conference.
"This transaction demonstrates the captious relation of autarkic method expertise successful large-scale vigor infrastructure mergers and acquisitions," said Prajeev Rasiah, elder vice president and determination manager for Northern Europe, Energy Systems astatine DNV. "With a portfolio of this size and complexity, investors necessitate heavy assurance successful the assets' technology, operation plans, and gross assumptions. Our team's quality to present a thorough and timely vendor owed diligence, coordinating experts crossed aggregate disciplines, provided that assurance and enabled a creaseless transaction." DNV's scope of enactment included a broad method owed diligence of the 11-project portfolio. The projects see sites specified arsenic Weingarten (100 MW/203 MWh), Mehringen (147 MW/296 MWh), and Husum (147 MW/296 MWh). DNV said its relation "required coordination from a cross-regional squad of DNV experts, covering disciplines from exertion appraisal to operation and grid transportation review." "Battery retention owed diligence requires a elaborate knowing of however exertion choices, operation timelines, and contractual hazard allocation interact astatine each site,” said Iqbal Ahmad Sarabi, elder vigor retention technologist for DNV, and the project's manager. “In this portfolio, we evaluated project-specific factors specified arsenic grid connection, strategy design, and operational performance, portion besides ensuring consistency crossed each 11 assets. This attack is captious to supply investors with a robust presumption of show and risk. " German officials person called artillery vigor retention indispensable to the country's determination distant from fossil fuels. The DNV Energy Transition Outlook Germany 2050 calls for Germany to person 98% of its powerfulness from renewable resources by mid-century. The radical has said that retention assets supply the flexibility needed to equilibrium energy proviso and demand, stabilize the powerfulness grid, and guarantee reliable power. —Darrell Proctor is simply a elder exertion for POWER.
English (CA) · 
English (US) · 
Spanish (MX) ·