TotalEnergies Acquires Shell's European Onshore Renewables Portfolio
TotalEnergies has entered into an agreement to acquire Royal Dutch Shell’s onshore renewable energy business across Europe. The deal includes approximately 500 MW of solar and wind assets currently in operation or under construction, primarily located in Italy and the Netherlands. This acquisition aligns with TotalEnergies' strategy to expand its presence in clean energy markets as part of a broader industry shift toward renewables. Shell is divesting non-core renewable assets to focus on higher-margin segments while maintaining investments in other areas of its green portfolio.
