TotalEnergies announced the completion of the sale of its entire distributed solar generation portfolio in Europe, a transaction comprising approximately 170 MW of installed capacity spread mainly across rooftop photovoltaic installations located in France, Belgium, the Netherlands, Spain, Portugal, the United Kingdom and Luxembourg.
The operation was finalized with Amarenco and AMPYR Distributed Energy, companies that will assume the operation of the assets to guarantee the continuity of the electricity supply to existing customers.
A strategic shift towards larger-scale projects
This decision is part of TotalEnergies’ ongoing reorganization of its renewable energy business, which aims to focus its investments on large-scale solar and wind farms. According to the company, these types of projects allow for greater economies of scale, improved operational efficiency, and stronger investment returns.
Distributed generation comprises installations that generally do not exceed 3 MW of capacity; for TotalEnergies, this segment represents a model less aligned with its global expansion strategy than the development of large power plants intended to significantly increase its renewable energy production.
The sale does not change the growth targets
Likewise, the company confirmed that this divestment will not alter its roadmap to expand its renewable capacity over the next few years.
In the last twelve months, TotalEnergies added around 8 GW of new gross renewable capacity, reaching 35 GW by the end of March 2026. The company plans to maintain this pace of development until 2030 with the aim of exceeding 75 GW of installed capacity.
By the end of April 2026, the company expects to approach 36 GW of gross renewable generation capacity and maintains its goal of producing more than 100 TWh of net electricity by the end of the decade.
Amarenco and AMPYR will assume the operation of the assets
Following the closing of the transaction, Amarenco and AMPYR Distributed Energy will continue to manage the acquired distributed solar installations. This transition will ensure the continued operation of the photovoltaic systems and guarantee energy supply to customers connected to these projects.
The sale represents an adjustment to TotalEnergies’ portfolio composition rather than a reduction in its presence in the renewable energy market. The company will continue to promote investments in solar, onshore wind, offshore wind, energy storage, and flexible assets to meet the growing demand for low-emission electricity.
A strategy focused on the energy transition
With this decision, TotalEnergies continues to focus its growth on projects capable of contributing a greater volume of electricity generation and strengthening its image within the global renewable energy market.
The development of large solar and wind power plants is part of the company’s long-term strategy to combine renewable generation with storage solutions and other technologies that contribute to providing a more stable and competitive electricity supply.
Source: Totalenergies
Photo: Shutterstock
