In a significant strategic move, TotalEnergies has completed the divestment of its distributed solar assets across seven European countries. This decision underscores the company’s commitment to focusing on large-scale utility-scale solar and wind farms which offer greater economies of scale. The divested assets, totaling around 170 MW primarily consisted of rooftop installations in France, Belgium, the Netherlands, Spain, Portugal, the United Kingdom, and Luxembourg.
The divested assets have been acquired by Amarenco and AMPYR Distributed Energy which will continue to operate these installations, ensuring uninterrupted supply to customers. This strategic shift allows TotalEnergies to concentrate on projects that align better with its business model, particularly those exceeding 3 MW in capacity.
TotalEnergies’ Renewable Energy Ambitions
TotalEnergies’ decision to exit the distributed solar market is part of a broader strategy to accelerate its renewable energy portfolio. Over the last twelve months, the company has installed 8 GW of gross renewable capacity, bringing its total to 35 GW by the end of March 2026. The company aims to maintain this annual pace through to 2030 targeting more than 75 GW of renewable capacity.
The company’s renewable energy portfolio is not limited to solar and wind projects. TotalEnergies is also investing in flexible assets such as combined-cycle gas turbines (CCGT) and storage solutions. By the end of April 2026, TotalEnergies held nearly 36 GW of gross renewable power generation capacity and aims to achieve over 100 TWh of net electricity production by 2030.
TotalEnergies’ Vision for a Sustainable Future
TotalEnergies is a global integrated energy company with a diverse portfolio that includes oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity. With over 100,000 employees across approximately 120 countries the company is dedicated to providing reliable, affordable, and sustainable energy solutions.
The company places sustainability at the heart of its strategy, projects, and operations. This commitment is evident in its ambitious renewable energy targets and strategic divestments that align with its long-term goals. By focusing on large-scale renewable projects, TotalEnergies aims to deliver clean firm power to its customers, contributing to a more sustainable energy future.
Cautionary Note
It is important to note that the terms TotalEnergiesTotalEnergies company or Company in this document refer to TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. The words weus and our may also refer to these entities or their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities, and TotalEnergies SE has no liability for the acts or omissions of these entities.
This document may contain forward-looking information and statements based on a number of economic data and assumptions made in a given economic, competitive, and regulatory environment. These statements may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives, or trends contained in this document. Information concerning risk factors that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF) and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
