TOTALENERGIES has completed its planned takeover of renewable energy player Total Eren by buying out the company's other shareholders and growing its stake to 100% from a previous 29% share, after receiving approval from European Union regulators -in April. The acquisition of the remaining 70.8% interest in Total Eren represents a net investment of around €1.5 billion ($1.7 billion) for TotalEnergies, the company said. Total Eren, in which Total-Energies first took a stake in 2017 - with Eren Groupe holding the remaining interest - has commissioned about 3.5 gigawatts of renewable energy capacity worldwide to date, more than half of which in countries of prime interest to the French major.
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