(Reuters) — French oil and gas company TotalEnergies said on Thursday it would sell a 25.5% stake in the Seagreen offshore wind farm in Scotland to Thailand’s PTT Exploration and Production (PTTEP) for 522 million pounds ($661 million).
“This transaction is a new milestone in the implementation of our transition strategy and will contribute to reaching our 12% profitability target in Integrated Power business,” said Patrick Pouyanne, chairman and CEO of TotalEnergies.
