*

To buy German renewables firm

*

Offers pipeline of projects wind, solar and battery

storage

*

Also agrees sale of stake in Texas portfolio

*

Portfolio stake sale to generate $800 million in cash

(Adds detail on VSB, Total's renewable targets, background in

paragraphs 2-5)

By America Hernandez

PARIS, Dec 4 (Reuters) - French oil major TotalEnergies

has agreed to purchase German renewable developer VSB

Group for 1.57 billion euros ($1.65 billion) from Swiss asset

manager Partners Group, it said Wednesday.

The French firm has identified Germany as a priority growth

market for its integrated power business and said the

acquisition would also deepen its expertise in building onshore

wind.

VSB has an 18 GW project pipeline of wind, solar and battery

storage technologies mainly in Germany, Poland and France, with

0.475 GW of renewable capacity in operation or under

construction.

TotalEnergies currently has 24 GW of gross installed

renewable capacity, with targets that call for adding 11 GW by

next year and reaching 100 GW by 2030.

TotalEnergies also said it has signed an agreement with

funds managed by Apollo for the sale of 50% of a portfolio of 2

gigawatt (GW) solar and battery energy storage systems (BESS)

projects located in Texas. The transaction will provide $800

million in cash, it said.

($1 = 0.9537 euros)