10:01 AM, 23rd February 2021
Total, through Total Quadran, its subsidiary in France, farms down respectively to Banque des Territoires and Credit Agricole Assurances half of its equity in two portfolios of renewable projects. Shown here is Total's wind farm. (Representative Image/File Photo)
PARIS, FRANCE: In line with its business model for the development of its renewables business, Total, through Total Quadran - its 100 percent renewable electricity production subsidiary in France, farms down respectively to Banque des Territoires and Credit Agricole Assurances half of its equity in two portfolios of renewable projects.
- Credit Agricole Assurances acquires a 50 percent stake in a portfolio consisting of 9 wind farms (103 MW) and 44 solar power plants (182 MW) for a total capacity of 285 MW (100 percent).