# TotalEnergies 2026 renewable portfolio moves

> Live situation record from CLSTR: https://clstr.news/situations/totalenergies-2026-financial-and-renewable-moves
> Updated: 2026-08-02T17:17:06.000Z. Sources: 22. Developments: 3.

In July 2026 TotalEnergies completed an €86.4 million share buy‑back and sold 170 MW of rooftop solar projects, freeing capital for larger utility‑scale renewables. Over the twelve months to March 2026 the group added 8 GW of gross renewable capacity, bringing its total to 35 GW.

In August 2026 the company announced two linked transactions. It agreed to acquire Shell’s on‑shore renewable portfolio in Europe – roughly 500 MW of operating or under‑construction solar and wind assets, mainly in Italy and the Netherlands, together with a development pipeline of about 3.5 GW across Italy, the United Kingdom and Spain. Simultaneously, TotalEnergies will sell a 50 % stake in a 1.2 GW on‑shore wind and solar portfolio spanning Germany, Spain, France and Poland to KKR for an enterprise value of €1.8 billion. Both deals remain subject to regulatory approval and are expected to close by the end of 2026; the financial terms of the Shell sale were not disclosed.

After completion, TotalEnergies’ European on‑shore renewable capacity is projected to be about 9‑10 GW installed or under construction, supported by a pipeline of roughly 27 GW.

## Claims

- The acquisition includes about 500 MW of solar and wind assets in operation or construction, mainly in Italy and the Netherlands. (corroborated by 15 sources)
- The deal also includes a pipeline of about 3.5 GW of solar, wind and battery‑storage projects in Italy, the United Kingdom and Spain. (corroborated by 15 sources)
- TotalEnergies will sell a 50 % stake in a 1.2 GW renewables portfolio to KKR for an enterprise value of €1.8 billion. (corroborated by 15 sources)
- Both transactions are expected to close by the end of 2026, subject to regulatory approval. (corroborated by 15 sources)
- The financial terms of the Shell acquisition were not disclosed. (corroborated by 15 sources)
- After the acquisition, TotalEnergies’ renewable capacity in Europe reaches about 9‑10 GW installed or under construction, with a pipeline of 27 GW. (corroborated by 15 sources)
- Shell is reducing its direct investment in renewables to focus on other businesses. (corroborated by 15 sources)
- TotalEnergies acquired all of Shell’s onshore renewable energy activities in Europe. (corroborated by 14 sources)
- Shell agreed to sell its European on‑shore renewable portfolio to TotalEnergies. (corroborated by 12 sources)

## Timeline

### 2026-08-02: TotalEnergies acquires Shell’s European on‑shore renewable portfolio

Shell sells its European on‑shore renewables – ~500 MW operating assets and a 3.5 GW pipeline – to TotalEnergies, with both deals set to close by end‑2026; TotalEnergies also sells 50 % of a 1.2 GW portfolio to

17 sources. https://clstr.news/cluster/totalenergies-expands-european-renewable-portfolio-with-shell-acquisition-and-kkr-sale

### 2026-07-09: TotalEnergies sells European rooftop solar assets to focus on utility‑scale renewables

TotalEnergies sold 170 MW of rooftop solar in seven European countries to Amarenco and AMPYR, shifting its focus to utility‑scale renewable farms as it targets over 75 GW by 2030.

4 sources. https://clstr.news/cluster/totalenergies-sells-european-rooftop-solar-assets-to-focus-on-utilityscale-renewables

### 2026-07-07: TotalEnergies completes €86.4 million share buyback

TotalEnergies bought back €86.4 million of its own shares from 29 June to 3 July 2026 across European markets, following shareholder approval.

2 sources. https://clstr.news/cluster/totalenergies-completes-864-million-share-buyback

---
Cite as: TotalEnergies 2026 renewable portfolio moves. CLSTR, https://clstr.news/situations/totalenergies-2026-financial-and-renewable-moves