In October 2015, Total Eren – then EREN RE – completed a capital increase of €195 million from a diversified consortium of investors including Bpifrance (12.3% stake in Total Eren in 2019), Next World Group (4.4%), Salvepar* and FFP (7% combined in 2019) in order to support its growth ambitions in the renewable energy sector.
Thanks to increased financial resources, a common long-term vision and a shared objective of carrying out economically viable projects, Total Eren strengthened its capacity to deploy funds in order to develop and invest in renewable energy projects all over the world, while maintaining the flexibility and agility of a developer that operates on a human scale.
In December 2017, Total invested €237.5 million and acquired an indirect stake in EREN RE to accelerate growth in its production of power from renewable energy sources. Following this strategic alliance, EREN RE was renamed Total Eren.
In April 2019, Total Eren acquired NovEnergia Holding Company (“NHC” or “NovEnergia”), thereby diversifying its project portfolio and strengthening its presence in southern Europe in particular. As part of the transaction, Total S.A. increased its stake in Total Eren to reach a total of almost 30% (directly and indirectly).
*now Tikehau Capital