TotalEnergies exits 170 MW distributed solar business in Europe
TotalEnergies has completed the divestment of its distributed solar portfolio of approximately 170 MW as part of a strategy to focus on large utility-scale solar and wind projects.
The portfolio, comprising mainly rooftop solar installations across France, Belgium, the Netherlands, Spain, Portugal, the United Kingdom and Luxembourg, has been acquired by Amarenco and AMPYR Distributed Energy. With the transaction, TotalEnergies has exited its distributed generation business in these seven European countries.
Strategic shift
According to the company, distributed generation projects are generally below 3 MW and do not align with its strategy of developing large utility-scale renewable energy projects that offer greater economies of scale.
Amarenco and AMPYR Distributed Energy will continue operating the assets and supplying electricity to existing customers.
Prior to the divestment, TotalEnergies had developed distributed solar projects for several commercial and industrial customers across Europe, including Sanofi in Spain, Hutchinson in Madrid, Norsk Hydro in the Netherlands, Lhoist across Spain and Portugal, and Materne in Belgium.
The company had also secured more than 80 MW in France’s 2024 CRE rooftop solar tender, making it one of the country’s leading commercial and industrial rooftop solar developers.
Renewable energy pipeline
TotalEnergies said the divestment will not affect its renewable energy growth plans.
The company installed around 8 GW of gross renewable energy capacity during the previous 12 months, taking its gross installed renewable capacity to 35 GW at the end of March 2026. By the end of April 2026, its gross renewable power generation capacity had increased to nearly 36 GW.
TotalEnergies plans to maintain the current pace of renewable energy additions through 2030, targeting more than 75 GW of gross renewable capacity and over 100 TWh of net electricity production by the end of the decade.
The company said its portfolio combines solar, onshore wind and offshore wind projects with flexible assets such as combined-cycle gas turbine (CCGT) plants and energy storage systems to support the supply of firm power.
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