French petrol station operator TotalEnergies has agreed with Global Infrastructure Partners that it will acquire 50% of Clearway Energy Group (CEG). CEG is a developer of renewable projects and controls and owns 42% of economic interest of its listed subsidiary, Clearway Energy. Global Infrastructure Partners will receive $1.6 billion in cash and an interest of 50% minus one share in the TotalEnergies subsidiary that holds its 50.6% ownership in SunPower Corp. The deal takes into account valuations of $35.1 per share for Clearway Energy Inc and $18 per share for SunPower.