TotalEnergies aims to enhance power trading through $6 billion agreement for Kretinsky gas plant.

Written by Emily J. Thompson, Senior Investment Analyst

Source: Reuters

Updated: Nov 17 2025

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Source: Reuters

TotalEnergies Acquisition: TotalEnergies is acquiring 50% of Czech energy company EPH's Western European power generation portfolio for €5.1 billion in shares, significantly increasing its net gas generation capacity and positioning itself as a major electricity player in Europe.
Strategic Goals: The acquisition aligns with TotalEnergies' strategy to integrate renewables and gas-fired generation to meet rising energy demands, particularly from sectors like data centers, while also enhancing its trading profits.
Investor Impact: EPH will become TotalEnergies' third-largest investor with approximately 4.1% of its capital, following employees and Blackrock, as the deal is expected to generate cash flow for TotalEnergies' Integrated Power unit by 2027.
Future Plans: The deal, which is set to complete by mid-2026 pending regulatory approvals, is seen as a way to de-risk TotalEnergies' growth plans, aiming to boost electricity production to 100-120 TWh by 2030 while reducing capital expenditure over the next few years.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.