Banque des Territoires took a 50% stake in a portfolio of 11 wind farms and 35 solar photovoltaic power plants of Total Quadran*. This way, Banque des Territoires contributes in deploying new renewable energy projects in France.
The total capacity of the portfolio amounts to 143 MW, of which 96 MW for wind farms and 47 MW for photovoltaic solar power plants.
We are investing in renewable energies in order to support the public players and policies that play a concrete part in implementing the energy transition and the development of more sustainable and environmentally friendly territories. This acquisition is in line with this ambition: investing alongside Total, Banque des Territoires contributes to the implemantation of new renewable energy projects in France.
Director of the Energy and Ecological Transition Department of Banques des Territoires
This transaction will enable Total Quadran to continue developing new renewable energy projects in mainland France and the French overseas departments and territories with a locally based partner committed to regional development.
* Total Quadran, Total's renewable electricity production subsidiary in France, produces 1,675 GWh of renewable electricity per year, the equivalent of the annual consumption of nearly 1.5 million people and a saving of nearly 560,000 tonnes of CO2 emissions.