TotalEnergies SE (ENXTPA:TTE) signed an agreement to acquire Quadra Energy GmbH form Aloys Wobben Stiftung on October 26, 2023. This acquisition will enable TotalEnergies to further strengthen its integrated power business in Germany. TotalEnergies will leverage the extensive expertise of Quadra Energy's 40 staff members, as well as its innovative weather-forecasting platform.

These assets will also enable the Company to strengthen its trading capacity on the intraday markets and to broaden its marketing activities to offer its German customers competitive corporate PPAs and clean firm power. Stéphane Michel welcome teams of Quadra Energy, who will be an essential component of our presence in Germany's electricity market. This acquisition, which is subject to approval by the relevant authorities.

The transaction was closed approved by European Commission. Martin Schulz and Dr. Michael Bartosch of Jones Day (France) acted as legal advisor to TotalEnergies SE (ENXTPA:TTE). Alexander Veith, Magnus Müller, Tim Müller, Udo Herbert Olgemöller, Alexander Behrens, Martina Stegmaier, Aexandre Ancel, Flora Leon-Serviere, Olivier Valk from Allen & Overy LLP (Hamburg) , Allen & Overy Amsterdam, Allen & Overy France acted as legal advisors to Aloys Wobben Stiftung.