TotalEnergies announces that it has signed agreements with the Aloys Wobben Foundation (AWS) for the acquisition of the entire share capital of the German company Quadra Energy, which has a 9 GW 'virtual power plant'.

An aggregator of renewable electricity production in Germany, Quadra Energy has purchased the production of around 5.000 wind and solar farms and resold 14 TWh, on wholesale markets and to German resellers and customers.

This acquisition, which remains subject to approval by the relevant authorities, will enable TotalEnergies to strengthen its Integrated Power activities in Germany, Europe's largest electricity market with the strongest growth in renewable energies.

Copyright (c) 2023 CercleFinance.com. All rights reserved.