The French energy giant TotalEnergies announced on Monday that it has reached a deal with Shell, under which the company will acquire Shell's European onshore renewable energy businesses for an undisclosed sum.
The French energy giant TotalEnergies announced on Monday that it has reached a deal with Shell, under which the company will acquire Shell's European onshore renewable energy businesses for an undisclosed sum.
In parallel, TotalEnergies announced its intention to sell a 50% stake in a portfolio of wind and solar assets located in Germany, Spain, France, and Poland. This deal with the American investment firm KKR values the portfolio at 1.8 billion euros ($2.1 billion).
The specified portfolio generates approximately 1.2 gigawatts of electricity. Stéphane Michel, Total's President of Gas, Renewables and Electricity, stated in a company release that 'these two transactions allow us to optimize capital allocation in the renewable energy sector, continuing the implementation of our integrated energy production strategy.'
The acquisition of Shell's operations will strengthen TotalEnergies' presence in Europe in the renewable energy sector. The company noted that it already has nearly 10 GW of operating or under-construction facilities, with another 27 GW in the development stage.
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People currently have accumulated many electronic devices, which requires a large number of chargers. Solutions for fast charging based on GAN technology are appearing on the market that can charge several devices simultaneously.
The GM Travel Pro GAN charger can be used in many countries, including India. In addition, GM has a wireless charger that allows charging three devices at once. This model is also equipped with a one-touch rotation function.
In this review, the authors tried to determine whether these two charging solutions from GM are worth buying.
European stock markets demonstrated growth, reaching new historical highs, which was driven by the possibility of a swift agreement between the United States and Iran, as well as falling oil prices. The Spanish index Ibex 35 increased by 0.21% and closed at 20,023.6 points, setting a new historical high and concluding the session above the 20,000 mark for the first time. This growth was spurred by the decline in oil value linked to the prospect of the Strait of Hormuz opening.
The Paris stock exchange also continued its upward trend, registering a fourth consecutive day of growth. The main index CAC-40 rose by 0.61% to 8,666.63 points. This rise was supported by reduced pressure on the oil market due to new expectations of negotiations between the US and Iran, as well as the publication of positive corporate results.
The Frankfurt stock market, represented by the DAX 40 index, showed a growth of 0.77%, renewing its record values. The exchange closed the session at 26,202.35 points, exceeding the level of 26,001.31 points recorded on Monday.
In Milan, the FTSE MIB index also closed in positive territory, showing a growth of 1.26% and reaching 53,540.50 points. The London index FTSE 100 gained 0.20%, reaching 10,879.38 points, thus approaching its historical high of 10,917 points, which was achieved on February 27 but lost after the war with Iran.
Contrary to the general European trend, the Lisbon stock exchange closed with a slight decrease of 0.03%, amounting to 9,169.02 points. It is worth noting that the price of Brent crude oil, the benchmark in Europe, fell by more than 5% during the day, trading below $80 per barrel for the first time since mid-July, which is also related to the possibility of an agreement to open the Strait of Hormuz.
