French energy giant TotalEnergies announced today that it has divested its distributed solar generation activities in Europe, selling all of its distributed solar assets in 7 countries to renewable energy companies Amarenco and AMPYR Distributed Energy.
In a statement announcing the sale, TotalEnergies said that the transactions will enable it to refocus its renewable development on large utility-scale solar and wind farms in order to benefit from economies of scale.
TotalEnergies said:
“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.”
The company said that the divestment is not expected to have an impact on its pace of renewables development, noting that it has installed 8 GW of gross renewable capacity in last twelve months, reaching 35 GW of gross capacity at end-March 2026, and adding that it aims to maintain this pace, with a target to reach more than 75 GW in 2030.
The divested activities include around 170 MW of distributed solar assets, primarily consisting of rooftop installations, across France, Belgium, the Netherlands, Spain, Portugal, the United Kingdom and Luxembourg.
London-based AMPYR, which acquired 70 MW of assets at 17 sites in the transaction, including a recently commissioned floating solar farm in Belgium, said that the acquisition will help strengthen its position as a leading investor in onsite renewables in Europe.
AMPYR CEO John Behan said:
“At a time when European businesses are facing some of the highest energy prices in the world, onsite energy has never been more important. It gives organisations greater cost certainty, improved energy resilience and a practical way to reduce emissions, and we’re now even better placed to deliver that at scale and at pace.”
