Credit Agricole S A : Total sells wind and solar farm stakes to Credit Agricole and Banque des Territoires

PARIS, Feb 23 (Reuters) - French energy group Total has agreed to sell off stakes in some wind and solar farms to Credit Agricole Assurances and Banque des Territoires, in deals which Total said would boosts its cash flow and return on equity.

Total said on Tuesday that Crédit Agricole Assurances would buy a 50% stake in nine wind farms (103 MW) and 44 solar power plants (182 MW) for a total capacity of 285 MW.

Banque des Territoires would buy a 50% stake in a portfolio consisting of eight solar farms located in New Caledonia with a total capacity of 53 MW, with the deals giving 100% of the portfolios an enterprise value of $600 million. (Reporting by Sudip Kar-Gupta, editing by Louise Heavens)