PVTIME – On 9 July, TotalEnergies confirmed via its official website that it had finalised the sale of its distributed solar assets across seven European countries to Amarenco and AMPYR Distributed Energy.
The portfolio, which covers France, Belgium, the Netherlands, Spain, Portugal, the United Kingdom and Luxembourg, comprises rooftop solar installations with a combined capacity of 170MW. This concludes the group’s distributed power generation operations in these territories.
This divestment is part of a strategic shift within TotalEnergies’ renewable energy division, which is focusing on developing large-scale utility-grade solar and wind facilities in order to achieve economies of scale. The group has stated that its operational business model is optimised for large, utility-grade power assets and delivers limited commercial efficiency for distributed generation schemes, defined as projects with a capacity of under 3MW.
Amarenco and AMPYR Distributed Energy will retain full operational responsibility for the acquired assets, ensuring consistent power delivery to existing customers. TotalEnergies has confirmed that the transaction will not impede its renewable energy expansion programme. Over the past 12 months, the company has commissioned an additional 8GW of renewable energy capacity, and its total installed renewable capacity is expected to reach 35GW by the end of March 2026. TotalEnergies will maintain its annual growth trajectory until 2030 in order to reach a targeted installed renewable capacity of more than 75GW.
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