Total goes on renewables shopping spree

Maersk Oil's future owner is now focusing on renewables with the acquisition of an energy efficiency company and a major investment in solar and wind projects.

by MAZ PLECHINGER

France's Total is increasing its focus on renewable energy. The oil company is taking over 23 percent of the French project developer Eren by means of an investment of EUR 237.5 million, while Total will also buy Greenflex, an energy efficiency company, for an undisclosed amount, announces the company in two separate press releases.

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