The French energy company TotalEnergies has announced the acquisition of a British gas power plant from EIG Global Energy for 450 million pounds, including debt. The transaction includes the purchase of all shares in West Burton Energy, which operates the West Burton B power plant in Nottinghamshire.
The gas power plant has a generation capacity of 1.3 gigawatts. Interestingly, TotalEnergies plans to sell half of the newly acquired facilities again, as the current generation capacity from gas significantly exceeds the company's needs.
This acquisition is part of TotalEnergies' strategy to diversify its portfolio and support the transition to renewable energy. The company intends to strengthen its position as a leading player in the energy market through targeted investments in sustainable energy projects.
Sure, here's the translation:
"In trading on the Euronext in France, investors reacted positively to the news, and the stock of TotalEnergies temporarily rose by 1.31 percent to 65.17 euros.
