{"id":63999,"date":"2026-08-12T00:03:35","date_gmt":"2026-08-12T00:03:35","guid":{"rendered":"https:\/\/www.europesays.com\/france\/63999\/"},"modified":"2026-08-12T00:03:35","modified_gmt":"2026-08-12T00:03:35","slug":"shell-sells-solar-and-wind-operations-to-frances-totalenergies","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/france\/63999\/","title":{"rendered":"Shell sells solar and wind operations to France&#8217;s TotalEnergies"},"content":{"rendered":"<p>    <a href=\"https:\/\/s.yimg.com\/lo\/mysterio\/api\/5016D6CDDF4E647AC32AF64634EADA3720A4F2CCD26A948CEAD637D98A4765FD\/subgraphmysterio\/resizefit_w960;quality_80;format_webp\/https:%2F%2Fmedia.zenfs.com%2Fen%2Fproactive_us_504%2Fa113aaba86e7fffe46c2bbbb1d300acd\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Shell sells solar and wind operations to France's TotalEnergies\" height=\"540\" width=\"960\" class=\"yf-j98iil loader\"\/><\/a> Shell sells solar and wind operations to France&#8217;s TotalEnergies Proactive uses images sourced from Shutterstock           <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><a href=\"https:\/\/finance.yahoo.com\/quote\/SHEL.l\" data-ylk=\"slk:Shell%20PLC%20(LSE%3ASHEL%2C%20NYSE%3ASHEL);elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;Shell PLC (LSE:SHEL, NYSE:SHEL)&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"nofollow noopener\">Shell PLC (LSE:SHEL, NYSE:SHEL)<\/a>\u00a0has struck a deal to\u00a0sell its European onshore renewables business to France&#8217;s <a href=\"https:\/\/finance.yahoo.com\/quote\/TOT\" data-ylk=\"slk:TotalEnergies;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;TotalEnergies&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"nofollow noopener\">TotalEnergies<\/a>.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The FTSE 100 oil giant said it was continuing to reshape its power portfolio and recycle capital into businesses where it believes it has a competitive advantage.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The deal includes about 500 megawatts of solar and wind capacity in operation or under construction across the UK, Italy, Netherlands and Spain, together with a 3.5 gigawatt pipeline of renewable and battery storage projects.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Machteld de Haan, Shell&#8217;s downstream, renewables and energy solutions chief, said the transaction reflected the group&#8217;s strategy of &#8220;actively managing and high-grading its power portfolio&#8221;.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">&#8220;We are recycling capital and prioritising areas where we have differentiated capabilities and can create the most value over time, including through asset-backed power trading and customer-focused energy solutions,&#8221; she said.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">For TotalEnergies, the acquisition strengthens its renewable power business in four key European markets and expands its portfolio to almost 10 GW of installed or under-construction renewable capacity, with a further 27 GW under development.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Alongside the acquisition, TotalEnergies has agreed to sell a 50% stake in a separate 1.2 GW portfolio of operational solar and wind assets in Germany, Spain, France and Poland to investment firm KKR.\u00a0The portfolio has an enterprise value of \u20ac1.8 billion. TotalEnergies will retain the remaining 50% stake and continue to operate the assets after the transaction completes.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">St\u00e9phane Michel, president of Gas, Renewables &amp; Power at TotalEnergies, said the two deals would &#8220;optimize our capital allocation in renewables while continuing to deploy our Integrated Power strategy&#8221;.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Both transactions are expected to complete by the end of 2026, subject to regulatory approval.  <\/p>\n","protected":false},"excerpt":{"rendered":"Shell sells solar and wind operations to France&#8217;s TotalEnergies Proactive uses images sourced from Shutterstock Shell PLC (LSE:SHEL,&hellip;\n","protected":false},"author":2,"featured_media":64000,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12699],"tags":[5,37929,20477,13654,5726],"class_list":["post-63999","post","type-post","status-publish","format-standard","has-post-thumbnail","category-totalenergies","tag-france","tag-power-portfolio","tag-renewable-power","tag-shell","tag-totalenergies"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts\/63999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/comments?post=63999"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts\/63999\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/media\/64000"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/media?parent=63999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/categories?post=63999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/tags?post=63999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}