Paris: French energy major Total Energies has taken a significant step in expanding its European power portfolio by agreeing to acquire a 50% stake in Energetický a průmyslový holding (EPH)’s flexible power generation platform. Valued at €5.1 billion (approximately US$5.9 billion), the transaction represents one of TotalEnergies’ largest strategic investments in the region’s electricity market, underscoring its ambition to balance renewable energy expansion with stable, dispatchable power capacity.

The deal will establish a 50–50 joint venture between TotalEnergies and EPH, encompassing a diversified portfolio of generation assets across Italy, the UK, Ireland, the Netherlands, and France. The platform includes gas-fired and biomass power plants, along with battery storage systems, prov

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