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
02-03-23 0317ET