Represents the first joint Greenhill and Augusta & Co. transaction under Mizuho's integrated advisory platform
London, 10 August 2026: Mizuho Financial Group is pleased to announce that, through its Greenhill and Augusta & Co. teams, it acted as exclusive financial advisor to TotalEnergies SE on the sale of a 50% stake in a 1.2 GW European renewable energy portfolio to insurance vehicles and accounts managed by KKR. The transaction values the portfolio at an enterprise value of approximately €1.8billion and is expected to complete later this year, subject to customary regulatory approvals.
The portfolio comprises approximately 1.2 GW of predominantly operating renewable energy assets across France, Germany, Spain and Poland, with a balanced mix of solar PV and onshore wind generation capacity. At closing, the portfolio is expected to be almost fully operational, with the majority of revenues supported by long-term contracts, including power purchase agreements, contracts for difference and renewable support schemes.
The transaction supports TotalEnergies' Integrated Power strategy and established renewables business model, which combines the development, construction, operation and selective farm-down of large-scale renewable energy assets. Through the partnership, TotalEnergies will crystallise value from ahigh-quality operating portfolio while retaining significant exposure to its long-term cash generation potential.
The transaction represents the first joint advisory assignment successfully completed by Greenhill and Augusta & Co. since both businesses came together under the Mizuho platform, demonstrating the strength of Mizuho's integrated advisory offering across energy transition and infrastructure markets.
This transaction further reinforces Mizuho's commitment to supporting clients across the energy transition, leveraging deep sector expertise and integrated advisory capabilities to help deliver strategic outcomes in evolving global energy markets.
ENDS
About Mizuho EMEA
Mizuho EMEA provides corporates and institutions in the region with unparalleled access and expertise in Japan and Asia, and supports clients with their corporate and investment banking, and asset management needs. Headquartered in London and with a strong presence throughout the region, our client base includes leading corporations, financial institutions and state owned entities. Mizuho is deeply committed to serving client needs, enabling our people to flourish, and helping to improve society and communities where we do business.
Mizuho’s presence in EMEA is an integral part of the Japan-based Mizuho Financial Group, Inc. Mizuho Financial Group is one of the largest financial institutions in the world, offering comprehensive financial and strategic services through its subsidiaries. The group has over 900 offices and 60,000 employees worldwide in nearly 40 countries throughout the Americas, EMEA, and Asia. As of March 2026, its total assets were approximately US$2 trillion.
