Caisse des Dépôts’ Banque des Territoires buys 50 per cent equity stake in Total Quadran portfolio of solar and wind energy for EUR 150 million

Caisse des Dépôts’ Banque des Territoires buys 50 per cent equity stake in Total Quadran for EUR 150 million

(PRESS RELEASE) PARIS, 29-Jan-2020 — /EuropaWire/ — Leading energy player Total has just announced that Banque des Territoires (Caisse des Dépôts) will acquire a 50% equity stake in Total Quadran’s portfolio of solar and wind energy assets in France for approximately EUR 150 million putting a total value of the portfolio at EUR 300 million. Total Quadran is Total’s renewable electricity production subsidiary in France. The total capacity of the solar and wind energy assets, subject of the deal, is 143 MW generated out of 11 wind farms with 96 MW capacity and 35 solar power plants with 47 MW respectively.

The investment of Banque des Territoires will help Total Quadran to pursue further development of renewable energy projects across France while focused on achieving over 10% return on equity.

Philippe Sauquet, President Gas, Renewables and Power at Total on welcoming the new partner in Total Quadran:

“The entry of a new partner into our projects in operation follows the refinancing performed earlier this year and is in line with our renewables development business model, aiming to achieve over 10% return on equity.”

Commenting on taking a stake in Total Quadran, Emmanuel Legrand, Director of the Department of Energy and Ecological Transition at Banque des Territoires, said:

“We invest in renewable energies to support stakeholders and public policies actively engaged in energy transition and the development of more sustainable and environmentally friendly communities. This acquisition fully supports our ambition: helping to roll out new renewable energy projects in France.”

The Total Quadran transaction is yet another illustration of Caisse des Dépôts commitment to addressing environmental, social and governance issues as well as taking them into consideration when doing its investment decisions.

Total Quadran in brief

The France’s pioneer of renewable energies Total Quadran is active in developing, building and operating renewable electricity generation resources such as wind, photovoltaic, hydro and biogas. As of today, the company runs over 300 renewable energy plants in France with nearly 900 MW in total, generating 1,675 GWh of renewable electricity each year. This is the equivalent of the annual consumption of nearly 1,5 million people and annual savings of nearly 560,000 tons of CO2 emissions.

Banque des Territoires in brief

Established in 2018, Banque des Territoires is one of the five business lines of Caisse des Dépôts. The bank brings together all internal expertises designed for the French territories. Banque des Territoires is deployed in all Caisse des Dépôts regional divisions and territorial offices in order to be better known and closer to its clients. Towards more attractive, inclusive, sustainable and connected territories.

Media contacts:

Total Quadran

Elodie Billerey
Chargée de communication
Tel : 04 67 32 63 35
Email : e.billerey@quadran.fr

Banque des Territoires – Caisse des Dépôts Group

Isaline Ollivier
Email : isaline.ollivier@caissedesdepots.fr
Tel : 01 58 50 23 07

Total

Media Relations
Tel : +33 1 47 44 46 99 l
EMail : presse@total.com

Investor Relations:
Tel : +44 (0)207 719 7962 l
EMail : ir@total.com

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