TotalEnergies divests European distributed solar

TotalEnergies completed the divestment of its distributed solar generation assets in Europe, totaling approximately 170 MW of rooftop installations across seven countries: France, Belgium, the Netherlands, Spain, Portugal, the United Kingdom, and Luxembourg. The assets were sold to Amarenco and Ampyr Distributed Energy. TotalEnergies stated that the move aligns with its strategy to focus on large utility-scale solar and wind farms for economies of scale. The company emphasized that the divestment will not affect its renewable development pace, having installed 8 GW of gross renewable capacity in the past twelve months and aiming to exceed 75 GW by 2030.