TotalEnergies said it will take 100% control of its renewable power and green hydrogen affi liate Total Eren by buying out the othershareholders.Total acquired roughly 29% of the company-previously known as Eren Re-in 2017 and was granted an option to buy the rest of itafter fi ve years.It is now exercising that option and will acquire the remaining 71% for a net investment of €1.5 billion($1.66 billion)The French oil,gas and renewables major said Total Eren and its teams will be fully integrated with Total's renewables business unit.Total Eren has 3.5 gigawatts of renewable power capacity in operation around the world and a pipeline of more than 10 GW ofrenewable power and storage projects,including 1.2 GW in construction or at a late stage of development.
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