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French energy giant TotalEnergies announced today the acquisition of 50% of Czech Republic-based multi-utility company […]]
TotalEnergies Doubles Electricity Production Capacity with $5.9 Billion Acquisition – ESG Today
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TotalEnergies Doubles Electricity Production Capacity with $5.9 Billion Acquisition
Mark Segal
November 17, 2025
French energy giant TotalEnergies announced today the acquisition of 50% of Czech Republic-based multi-utility company EPH’s flexible power generation platform, including gas-fired and biomass power plants and battery storage sites across Western Europe, in a €5.1 billion (USD$5.9 billion) all-stock transaction valuing the assets at a €10.6 billion enterprise value.
The portfolio’s 14 GW of flexible generation in operation or under construction will significantly increase TotalEnergies’ European power production, roughly doubling its electricity capacity to approximately 30 TWh from the current 15 TWh.
According to TotalEnergies, the new transaction aligns with the company’s Integrated Power strategy, strengthening its position in European electricity markets by enhancing the complementary relationship between intermittent renewable power generation and flexible power generation. The company has set goals to reach more than 100 TWh of net electricity production by 2030, in addition to grow its installed gross renewable electricity generation capacity to 35 GW by the end of 2025.
TotalEnergies also said that the acquisition will position it as a key player to meet Europe’s growing data center demand.
The assets encompassed by the acquisition include 19 gas-fired power plants, 4 biomass power plants and 7 battery storage sites across Italy, the UK & Ireland, the Netherlands and France, in addition to about 5 GW of projects under development.
As part of the transaction, TotalEnergies and EPH will form a 50/50 joint venture, responsible for the industrial management of the assets and the business development, while each company will market its share of production under a tolling arrangement with the JV.
TotalEnergies said that it will lower its annual net capex guidance by $1 billion per year to $14-16 billion per year for 2026-2030 as a result of the transaction, while maintaining its 2030 electricity generation target of 100-120 TWh. The acquisition is expected to be completed in mid-2026.
Patrick Pouyanné, Chairman and CEO of TotalEnergies, said:
“This acquisition marks another major milestone in TotalEnergies’ strategy to build an integrated electricity player in Europe. By joining forces with EPH as part of a long-term partnership, we are accelerating the implementation of our Integrated Power strategy and strengthening our ability to provide reliable, competitive, and low-carbon energy to our customers by leveraging the complementarity of our renewable and flexgen portfolio.”
Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm’s head of U.S. equities. While at DCM, Mark was part of the firm’s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.
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