TotalEnergies has divested its distributed solar portfolio across seven European countries, completing its exit from the small-scale rooftop solar segment as the French energy major concentrates investment on larger utility-scale renewable projects.
The sale covers around 170 megawatts of distributed solar assets, primarily rooftop installations, located in France, Belgium, the Netherlands, Spain, Portugal, the United Kingdom, and Luxembourg. The portfolio has been acquired by renewable energy companies Amarenco and AMPYR Distributed Energy, which will continue operating the assets and serving existing customers.
The move aligns with TotalEnergies’ strategy of prioritizing large-scale solar and wind developments, where the company believes economies of scale provide stronger returns than smaller distributed generation projects. Distributed generation typically consists of projects below 3 MW, a segment the company said is less suited to its operating model.
The divestment is not expected to slow TotalEnergies’ renewable expansion. The company said it added 8 GW of gross renewable capacity over the past 12 months, bringing its total installed renewable capacity to 35 GW at the end of March 2026. It plans to maintain that annual build-out rate through 2030 as it targets more than 75 GW of renewable capacity.
The transaction reflects a broader trend among major energy companies to streamline renewable portfolios by focusing on segments where scale and integration with broader power businesses can improve profitability. TotalEnergies has increasingly paired large renewable projects with flexible generation assets, including combined-cycle gas plants and battery storage, to strengthen its electricity business.
As of the end of April 2026, TotalEnergies said it held nearly 36 GW of gross renewable generation capacity and continues to target more than 100 terawatt-hours of net electricity production annually by 2030.
=== Oilprice.com ===
