TotalEnergies shifts toward large-scale renewables after 170 MW solar sale
TotalEnergies is strengthening its focus on large utility-scale renewable energy projects after completing the divestment ...
TotalEnergies shifts toward large-scale renewables after 170 MW solar sale
TotalEnergies is strengthening its focus on large utility-scale renewable energy projects after completing the divestment of its distributed solar assets across seven European markets.
The company sold around 170 MW of distributed solar capacity, mainly rooftop installations, in France, Belgium, the Netherlands, Spain, Portugal, the United Kingdom, and Luxembourg to Amarenco and AMPYR Distributed Energy.
The transaction marks TotalEnergies’ move away from smaller distributed generation projects in these markets as it prioritizes large-scale solar and wind developments that benefit from greater economies of scale.
Focusing on utility-scale growth:
TotalEnergies said distributed generation projects, typically below 3 MW, are less aligned with its renewable energy strategy compared with large utility-scale power plants.
The company will instead concentrate on expanding its portfolio of large solar and wind farms, which form a key part of its ambition to build a competitive electricity business combining renewable generation with flexible assets such as storage and gas-fired power plants.
Renewable expansion continues:
The divestment will not affect TotalEnergies’ renewable growth plans, as the company continues to accelerate capacity additions.
Over the past 12 months, TotalEnergies installed 8 GW of gross renewable capacity, bringing its total renewable portfolio to 35 GW by the end of March 2026.
The company aims to maintain this annual growth pace through 2030, targeting more than 75 GW of gross renewable capacity.
Building integrated power portfolio:
TotalEnergies is developing an integrated electricity strategy combining solar, onshore wind, offshore wind, storage solutions, and flexible power assets to provide reliable low-carbon electricity.
By the end of April 2026, the company’s gross renewable power generation capacity reached nearly 36 GW, with a target to exceed 100 TWh of net electricity production by 2030.
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