TotalEnergies (TTE) Inks Deal for U.K. Gas-Fired Power Plant

TotalEnergies SE (TTE) announced that it has signed an agreement with EIG, an institutional investor in the global energy sector, for the acquisition of all of West Burton Energy's shares. The transaction, with an enterprise value of £450 ($576) million, is subject to authorization from the competent authorities. Details of the Deal With this acquisition, TotalEnergies is expected to add a flexible asset that reduces intermittency and enables a steady power supply to its customers. TTE's Focus on Renewable ...