TotalEnergies SE signed a deal to promote a 50 % stake in a German portfolio of 11 battery power storage tasks with a mixed capability of 789 megawatts to Allianz International Buyers GmbH (AllianzGI), the businesses mentioned Tuesday.
With a capability of 12-147 MW per plant, the tasks throughout Germany are focused to be put into operation by 2028. They’re being developed by Kyon Power, acquired by the French power large 2024. Many of the tasks will use batteries equipped by TotalEnergies’ Saft, in response to TotalEnergies.
The settlement between TotalEnergies and Frankfurt-based AllianzGI “will ship an funding of EUR 500 million [$581.64 million] in crucial power infrastructure for Germany, of which 70 % might be financed by debt”, a joint assertion mentioned.
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“This funding marks Allianz’s first direct fairness dedication to a portfolio of battery storage tasks”, mentioned AllianzGI head of personal markets Édouard Jozan.
Stéphane Michel, president for fuel, renewables and energy at TotalEnergies, mentioned, “This operation strengthens our improvement momentum in Germany, Europe’s largest energy market, the place we’re deploying our clear agency energy technique, as illustrated by the 200 MW PPA [power purchase agreement] signed with Airbus lately”.
Underneath the take care of the aerospace firm, introduced February 5, 2026, TotalEnergies is to produce a complete of three.3 terawatt hours (TWh) to “all main Airbus websites” in Germany and the UK beginning 2027.
In Germany, TotalEnergies says it’s creating 2 gigawatts (GW) of battery power storage capability below Kyon, in addition to an offshore wind era capability of seven.5 GW plus 7 GW of photo voltaic and onshore wind capability.
“According to our enterprise mannequin, this transaction [with AllianzGI] allows us to optimize our capital allocation in our built-in energy actions and helps enhance the sector’s profitability”, Tuesday’s assertion mentioned.
Final yr TotalEnergies divested 50 % of a 1.4-GW photo voltaic portfolio in North America to KKR. The transaction gave the belongings an enterprise worth of $1.25 billion.
“The transaction covers six utility-scale photo voltaic belongings with a mixed capability of 1.3 GW, and 41 distributed era belongings totaling 140 megawatts, primarily located in the USA”, TotalEnergies mentioned September 29, 2025. “The electrical energy manufacturing of those tasks has both been bought to 3rd events or might be commercialized by TotalEnergies”.
TotalEnergies introduced the completion of the sale to KKR in its report of fourth quarter 2025 outcomes on February 11, 2026.
On December 17 2025 TotalEnergies mentioned it had accomplished a farm-down of its Greek renewable energy portfolio, totaling 424 MW. Asterion Industrial Companions acquired 50 %.
“This transaction values the portfolio at EUR 508 million, equal to roughly EUR 1.2 million per MW put in”, TotalEnergies mentioned.
“TotalEnergies will offtake and market many of the electrical energy produced by these belongings after they cease benefiting from the regulated tariffs”, it mentioned.
TotalEnergies goals to succeed in over 100 TWh of web energy manufacturing by 2030. On the finish of 2025, TotalEnergies had 34.1 GW gross put in renewables capability, up 8 GW from 2024, in response to the corporate’s quarterly report.
To contact the writer, e mail jov.onsat@rigzone.com
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