TotalEnergies acquires UK gas-fired power plant West Burton B for £450M from EIG Global Energy Partners, planning to divest half post-acquisition.

TotalEnergies buys a UK gas-fired power plant for £450M ($575M) from EIG Global Energy Partners. The acquisition of the 1.3GW West Burton B plant complements TotalEnergies' UK renewable energy assets, and the firm plans to divest half of the asset. The deal, subject to regulatory approvals, demonstrates TotalEnergies' ongoing diversification into electricity as power demand rises.

June 05, 2024
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