Renewables: TotalEnergies Divests its Distributed Solar Generation Activities in Europe

Key Terms

distributed generation technical

Electricity produced close to where it is used rather than at a large, central power plant—examples include rooftop solar, small wind turbines, and local gas generators. For investors, distributed generation matters because it can change how power is bought and sold, reduce demand for traditional utility services, create new revenue streams for installers and technology providers, and expose assets to different regulatory and reliability risks, like a neighborhood adding many home solar systems.

gross renewable capacity financial

Total installed power rating of renewable energy sources (like wind, solar, hydro) measured before subtracting any on-site consumption, transmission losses or outages. It tells how much generating equipment exists or is being added, and matters to investors because it indicates the maximum potential output and scale of a fleet or project pipeline—similar to listing the horsepower of all vehicles in a delivery fleet to show capacity rather than actual daily deliveries.

ccgt technical

A CCGT, or combined-cycle gas turbine, is a type of power plant that generates electricity by burning natural gas in a turbine and then using the waste heat to run a secondary steam turbine—like a car that reuses exhaust heat to squeeze out extra mileage. Investors care because CCGTs are relatively efficient, flexible and lower‑emission than older plants, so their operating costs, fuel price sensitivity and permitting or carbon rules can materially affect power company revenues and asset values.

net electricity production financial

The total amount of electrical energy a power plant, renewable farm, or utility actually supplies to the grid or customers after subtracting the electricity it consumes for its own operations and transmission losses. Think of it like a bakery’s finished loaves available for sale after removing those used for staff and spoiled goods; it shows how much product is marketable. For investors, net electricity production indicates revenue-generating output, operational efficiency and how effectively capacity is being turned into sellable energy.

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PARIS--(BUSINESS WIRE)-- In line with its strategy to refocus its renewable development on large utility-scale solar and wind farms in order to benefit from economies of scale, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces that it has completed the divestment of all its distributed solar assets (around 170 MW), mainly rooftop installations, across 7 European countries (France, Belgium, the Netherlands, Spain, Portugal, the United Kingdom and Luxembourg) to Amarenco and AMPYR Distributed Energy. The Company has thus ended its distributed generation activities in these countries.

Distributed generation involves the development of projects generally below 3 MW, for which TotalEnergies’ business model is less suited than for large utility-scale power plants that offer economies of scale.

Amarenco and AMPYR Distributed Energy will continue to operate the assets in order to ensure continued supply to customers. This divestment will have no impact on TotalEnergies’ pace of development in renewables, as the Company installed 8 GW of gross renewable capacity in last twelve months, reaching 35 GW of gross capacity at end-March 2026, and aims to maintain this annual pace through to 2030 to reach more than 75 GW.

TotalEnergies and electricity

TotalEnergies is building a competitive portfolio that combines renewables (solar, onshore wind, offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. By the end of April 2026, TotalEnergies holds nearly 36 GW of gross renewable power generation capacity and aims to achieve over 100 TWh of net electricity production by 2030.

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.

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Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. TotalEnergies SE has no liability for the acts or omissions of these entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

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TotalEnergies
Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com

Source: TOTALENERGIES SE