REG-TotalEnergies SE Europe: TotalEnergies Finalizes the Acquisition of 50% of a Portfolio of Flexible Power Generation Assets From EPH

TotalEnergies SEAnnouncement

29/04/2026 07:00

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Europe: TotalEnergies Finalizes the Acquisition of 50% of a Portfolio of
Flexible Power Generation Assets From EPH

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the completion of the
acquisition agreed on 16 November 2025 of 50% of EPH’s flexible power
generation platform in Western Europe. Approved by all competent authorities
and by the Boards of Directors of both TotalEnergies and EPH, this transaction
leads to the creation of TTEP, the 2(nd) largest flexgen player in Europe,
headquartered in Amsterdam.

The company, TTEP, owns and operates, through its subsidiaries, flexible
natural gas and biomass-based power plants and BESS assets across Italy, the
United Kingdom, Ireland, the Netherlands and France, for a total capacity of
14 GW installed or in construction. Its production reached close to 30 TWh of
electricity in 2025.

TotalEnergies and EPH have agreed on tolling contracts with TTEP, allowing
both partners to market their own share of production. Furthermore, TTEP has a
5 GW projects portfolio and will serve as the preferred investment vehicle for
both shareholders to develop their flexible power generation activities and
large-scale battery storage solutions across the five countries concerned.

The transaction becomes effective on April 29, 2026. Pursuant to the powers
delegated to it by the Shareholders’ Meeting of May 24, 2024, the
TotalEnergies SE Board of Directors has approved the issuance of around 95.4
million shares to EPH, representing approximately 4.2% of TotalEnergies’
share capital, making EPH one of the Company’s main shareholders.

***

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets
energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen,
renewables and electricity. Our more than 100,000 employees are committed to
provide as many people as possible with energy that is more reliable, more
affordable and more sustainable. Active in about 120 countries, TotalEnergies
places sustainability at the heart of its strategy, its projects and its
operations.

TotalEnergies Contacts 

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
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Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)

@TotalEnergies
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Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
This document may contain forward-looking information and statements
(including forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995), notably with respect to the
anticipated production, capacity and future development of the assets of the
joint venture. These forward-looking statements may generally be identified by
the use of the future or conditional tense or forward-looking words such as
“will”, “should”, “could”, “would”, “may”, “likely”,
“might”, “envisions”, “intends”, “anticipates”,
“believes”, “considers”, “plans”, “expects”, “thinks”,
“targets”, “commits”, “aims” or similar terminology. Such
forward-looking statements included in this document are based on a number of
economic data, estimates and assumptions prepared in a given economic,
competitive and regulatory environment and considered to be reasonable by
TotalEnergies as of the date of this document. These forward-looking
statements are not historical data and should not be interpreted as assurances
that the perspectives, objectives or goals announced will be achieved. They
are uncertain and may evolve or be modified with a significant difference
between the actual results and those initially estimated, due to the
uncertainties notably related to the economic, financial, competitive and
regulatory environment, or due to the occurrence of risk factors described
from time to time in the Company’s regulatory filings, including its
Universal Registration Document filed with the French Autorité des Marchés
Financiers, its Annual Report on Form 20 F filed with the United States
Securities and Exchange Commission (“SEC”) and its other reports filed or
furnished with the SEC. Readers are cautioned not to consider forward-looking
statements as certain, but as an expression of the Corporation’s views only
as of the date this document is published. TotalEnergies SE and its
subsidiaries have no obligation, make no commitment and expressly disclaim any
responsibility to investors or any stakeholder to update or revise,
particularly as a result of new information or future events, any
forward-looking information or statement, objectives or trends contained in
this document. In addition, the Corporation has not verified, and is under no
obligation to verify any third-party data contained in this document or used
in the estimates and assumptions or, more generally, forward-looking
statements published in this document. The information on risk factors that
could have a significant adverse effect on TotalEnergies’ business,
financial condition, including its operating income and cash flow, reputation,
outlook or the value of financial instruments issued by TotalEnergies is
provided in the most recent version of the Universal Registration Document
which is filed by TotalEnergies SE with the French Autorité des Marchés
Financiers and the annual report on Form 20-F filed with the SEC.

Important Note 

This press release is for information purposes only and does not constitute an
offer to sell or a solicitation of an offer to buy any securities. Any
securities referred to herein have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States except pursuant to an applicable exemption from registration
requirements.



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