ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 14.May.2025, Words: 299) — France’s TotalEnergies inked a sale and purchase agreement (SPA) with HitecVision, a Norwegian investment company specializing in energy, for the divestment of 50% of Polska Grupa Biogazowa (PGB) for an enterprise value of €190mn.
“This transaction will enable PGB to continue its growth in a country where biogas is rapidly developing and is in line with the farmdown business model applied to our renewable assets in order to maximize the profitability of our investments,” TotalEnergies president of gas, renewables & power Stéphane Michel said on 14 May 2025 in an official statement.
