What is TotalEnergies' new investment in Europe?

TotalEnergies, the French energy company, is investing $5.9 billion to acquire a 50% stake in natural gas-fired power plants across several European countries, including Britain, Italy, the Netherlands, Ireland, and France.

How will TotalEnergies' new gas plants complement its renewable energy portfolio?

The gas-fired power plants will help TotalEnergies balance its growing renewable energy assets, such as wind and solar farms, by providing a steadier supply of electricity to meet customer demand.

How does TotalEnergies' move reflect the energy transition in Europe?

The article suggests that TotalEnergies' pragmatic approach to investing in both renewable and fossil fuel-based power generation reflects the challenges Europe faces in transitioning away from fossil fuels, despite its more aggressive environmental goals compared to the United States.

Home / Business and Economy / Energy Giant TotalEnergies Invests $5.9B in European Gas Plants

Energy Giant TotalEnergies Invests $5.9B in European Gas Plants

18 Nov

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Summary

TotalEnergies to acquire 50% stake in gas-fired power plants across Europe
Move aims to balance renewable energy portfolio with steady gas supply
Shift reflects pragmatic approach to energy transition in Europe

Energy Giant TotalEnergies Invests $5.9B in European Gas Plants

On November 14, 2025, the French energy company TotalEnergies announced it would spend 5.1 billion euros (about $5.9 billion) to acquire a 50% interest in natural gas-fired power plants located in several European countries. The facilities, owned by Czech energy firm EPH, are situated in Britain, Italy, the Netherlands, Ireland, and France.

This acquisition represents a strategic shift for TotalEnergies, which has been a major investor in renewable energy sources like wind and solar. The company now aims to use the gas plants to help balance its portfolio of electricity production, providing a steadier supply to complement its growing renewable energy assets.