- Companies
- TotalEnergies Texas solar and storage portfolio
TotalEnergies Texas solar and storage portfolio Valuation, Funding & Investors
TotalEnergies Texas solar and storage portfolio is valued at $1.1B as of December 2024.
Last TotalEnergies Texas solar and storage portfolio valuation
$1.1B
Secondary · Dec 2024
Key investors in TotalEnergies Texas solar and storage portfolio
TotalEnergies Texas solar and storage portfolio Overview
About TotalEnergies Texas solar and storage portfolio
The TotalEnergies Texas solar and storage portfolio is a group of utility-scale renewable power assets in the ERCOT market in Texas, operated by TotalEnergies. It comprises about 2 GW of capacity: three solar projects totalling 1.7 GW, including Danish Fields, Cottonwood and Hill Solar I, and two battery energy storage projects with a combined 300 MW. The assets sell electricity and storage services largely under long-term contracts, which give the portfolio contracted revenue. TotalEnergies developed the projects as part of its Integrated Power business and continues to operate them. Since December 2024 the portfolio has been owned 50% by TotalEnergies and 50% by funds managed by Apollo affiliates.
HQ
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$1.1B (Dec 2024)
TotalEnergies Texas solar and storage portfolio Valuation
TotalEnergies Texas solar and storage portfolio is currently valued at $1.1B, based on its secondary sale in December 2024. Read the announcement ↗
The $550M round included Apollo Global Management.
TotalEnergies Texas solar and storage portfolio valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2024 | Secondary | $1.1B |
TotalEnergies Texas solar and storage portfolio Funding History
TotalEnergies Texas solar and storage portfolio has 1 recorded secondary share sale and no primary funding rounds.
TotalEnergies Texas solar and storage portfolio funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2024 | Secondary | Apollo Global Management | $550M | $1.1B | Funds managed by Apollo affiliates agreed in December 2024 to acquire a 50% stake in a Texas solar and battery energy storage portfolio from TotalEnergies. According to reporting of the deal, TotalEnergies expected to receive about $800 million in cash, comprising $550 million of equity from Apollo and $250 million from the refinancing of a shareholder loan; the transaction was expected to be completed in the fourth quarter of 2024. TotalEnergies kept the other 50% and continues to operate the assets. Apollo partner Brad Fierstein said the investment gave Apollo's Clean Transition strategy a highly contracted, scaled renewable portfolio and supported TotalEnergies' Integrated Power business and capital recycling strategy. The portfolio comprises about 2 GW in Texas's ERCOT market: three solar projects with a total capacity of 1.7 GW, including Danish Fields, Cottonwood and Hill Solar I, and two battery storage projects with a combined 300 MW. Apollo said its funds had deployed about $40 billion into energy transition and sustainability investments over the preceding five years and that it targeted $50 billion of clean energy and climate investments through 2027. |
Who has invested in TotalEnergies Texas solar and storage portfolio?
1 investor has backed TotalEnergies Texas solar and storage portfolio across its funding rounds, including Apollo Global Management.
TotalEnergies Texas solar and storage portfolio Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 TotalEnergies Texas solar and storage portfolio investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialTotalEnergies Texas solar and storage portfolio Competitors
TotalEnergies Texas solar and storage portfolio competitors include listed companies like SMA Solar Technology and Fujiyama Power Systems, and private ones like Climeworks, CMBlu Energy AG, Our Next Energy and Ample.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.7B | ($75M) | $1.8B | 0.9x | ||
| Private | - | - | $1.1B | - | ||
| Private | - | - | $1.2B | - | ||
| Publicly listed | $278M | $51M | $1.2B | 3.0x | ||
| Private | - | - | $1.2B | - | ||
| Private | - | - | $1B | - |
TotalEnergies Texas solar and storage portfolio Public Comps
TotalEnergies Texas solar and storage portfolio is still privately-owned, but its public comps include Tamboran Resources, Naturenergie, SP New Energy, Alerion CleanPower, Grupo Cox, Fujiyama Power Systems, Techno Electric & Engineering, Inox Wind, CS Wind and EnergyVision.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | ($33M) | - | 57.8x | (34.0x) | (73.5x) | |||
| $1.7B | $316M | 0.7x | - | 3.7x | 5.0x | |||
| $25M | ($46M) | 107.3x | - | (57.7x) | - | |||
| $142M | $111M | 13.9x | 5.8x | 17.7x | 7.9x | |||
| $1.3B | $211M | 4.0x | 2.1x | 24.3x | 11.3x | |||
| $278M | $51M | 4.4x | 3.0x | 24.1x | 15.9x | |||
| $332M | $61M | 2.4x | 2.0x | 12.9x | 14.0x | |||
| $443M | $100M | 2.9x | 2.4x | 13.0x | 11.7x | |||
This data is available for Pro users. Sign up to see all TotalEnergies Texas solar and storage portfolio competitors and their valuation data. Start Free Trial | ||||||||
Common questions about TotalEnergies Texas solar and storage portfolio
| Where is TotalEnergies Texas solar and storage portfolio headquartered? | TotalEnergies Texas solar and storage portfolio is headquartered in United States. |
| Is TotalEnergies Texas solar and storage portfolio publicly listed? | No, TotalEnergies Texas solar and storage portfolio is a private, VC-backed company. |
| What is TotalEnergies Texas solar and storage portfolio's valuation? | TotalEnergies Texas solar and storage portfolio was last valued at $1.1B in its secondary sale in December 2024. |
| Who are TotalEnergies Texas solar and storage portfolio's investors? | TotalEnergies Texas solar and storage portfolio's investors include Apollo Global Management. |
| Which companies are comparable to TotalEnergies Texas solar and storage portfolio? | Companies comparable to TotalEnergies Texas solar and storage portfolio include SMA Solar Technology, Climeworks, CMBlu Energy AG, Fujiyama Power Systems, Our Next Energy and Ample. |
See companies similar to TotalEnergies Texas solar and storage portfolio
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




