TotalEnergies Exits Small-Scale Solar Business in Europe, Shifts Focus to Utility-Scale Renewables
By Our Correspondent
Global energy major TotalEnergies has completed the sale of its distributed solar generation business across seven European countries as it sharpens its focus on developing large-scale renewable energy projects.
The company announced on Thursday that it had divested approximately 170 megawatts (MW) of distributed solar assets—mainly rooftop photovoltaic installations—to Amarenco and AMPYR Distributed Energy. The assets are located in France, Belgium, the Netherlands, Spain, Portugal, the United Kingdom and Luxembourg.
The move marks TotalEnergies’ complete exit from the distributed solar generation business in those countries and aligns with its long-term strategy of concentrating investments on utility-scale solar and wind projects, where it believes larger developments offer stronger economies of scale and improved operational efficiency.
According to the company, distributed generation projects, which are generally below 3 MW in capacity, no longer fit its preferred business model as it prioritises large renewable power plants capable of delivering greater value through scale.
Despite the divestment, TotalEnergies said customers would experience no disruption, as Amarenco and AMPYR Distributed Energy will continue operating the installations and supplying electricity to existing clients.
The company stressed that the transaction would not slow its renewable energy expansion programme.
Over the past 12 months, TotalEnergies commissioned 8 gigawatts (GW) of new renewable energy capacity, bringing its gross installed renewable capacity to 35 GW by the end of March 2026. It intends to sustain that pace annually through 2030 as part of its target of exceeding 75 GW of renewable generation capacity.
The latest announcement also reinforces the company’s broader electricity strategy, which combines renewable energy projects—including solar, onshore wind and offshore wind—with flexible power assets such as combined-cycle gas turbine (CCGT) plants and battery storage systems to provide reliable electricity supplies.
By the end of April 2026, TotalEnergies had increased its gross renewable power generation portfolio to nearly 36 GW and is targeting more than 100 terawatt-hours (TWh) of net electricity production by 2030.
The company said the strategic repositioning reflects its commitment to accelerating the energy transition while improving the efficiency and competitiveness of its renewable energy investments.
TotalEnergies operates in about 120 countries and maintains a diversified energy portfolio spanning oil, natural gas, biofuels, biogas, low-carbon hydrogen, renewable energy and electricity. The company employs more than 100,000 people worldwide and says sustainability remains central to its long-term business strategy.
