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Frances Total completes Direct Energie deal and buys

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Frances Total completes Direct Energie deal and buys

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energie deal
Total agrees Direct Energie deal. 6 July 2018 by Jan Dodd FRANCE: Oil major Total is continuing its diversification into renewable energies, having completed an agreement to buy 73.04% of Direct Energie, Frances third largest electricity supplier.

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French oil major Total said on Wednesday it would buy Direct Energie in a €1.4bn deal, continuing its expansion into the residential power market and throwing down a gauntlet to incumbents like EDF.

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The French oil group, which is the parent company of U.S. solar manufacturer, SunPower, is set to acquire a 74.33% stake in France’s third largest power utility, Direct Energie.

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he New Deal on Energy for Africa is a partnership-driven effort with the aspirational goal of achieving universal access to energy in Africa by 2025. To achieve this goal, the African Development Bank has worked with governments, the private sector, and bilateral and multilateral energy sector initiatives to develop a Transformative Partnership on Energy for Africa – a platform for public

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Total buys electricity retailer Direct Energie for €1.4bn

On 6 July 2009, Astral Media and European NRJ Group announced a deal to rebrand the Énergie network as "NRJ", effective 24 August. (The French pronunciations of "NRJ" and "énergie" are nearly identical.) Astral retained full ownership of the stations.

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