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Total CEO advises exploiting renewables M&A bubble

Total CEO advises exploiting renewables M&A bubble

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LONDON: Total TOTF.PA Chief Executive Patrick Pouyanne said on Wednesday that there is a bubble forming in the merger and acquisitions market for renewable power projects, which Total aims to exploit by selling development projects.

“There is a bubble. But the mistake would be to make M&A today on renewables,” he told the Energy Intelligence Forum online conference.

“My advice to my colleagues is not to buy operated assets.”

Source: reuters
Anand Gupta Editor - EQ Int'l Media Network
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