TotalEnergies SE has acquired VSB Group, a German renewable project developer, for €1.57 billion ($1.6 billion). This acquisition demonstrates TotalEnergies' commitment to expanding its renewable energy portfolio in response to the global focus on sustainable energy solutions.

TotalEnergies has also sold a 50% stake in a 2 gigawatt portfolio of solar and battery power projects in Texas to funds managed by Apollo Global Management Inc. for $800 million in cash. This divestment aligns with TotalEnergies' strategy to optimize its capital employed by reducing its interests in certain renewable projects.

In summary, TotalEnergies' recent activities highlight its dedication to the renewable energy sector. By acquiring VSB Group, the company strengthens its position in the industry, while the sale of a stake in the Texas projects allows for capital optimization. These moves reflect TotalEnergies' commitment to sustainable energy solutions and its strategic approach to managing its renewable energy portfolio.