# TotalEnergies Set to Acquire Shell's European Renewable Energy Assets

*French energy giant TotalEnergies has agreed to purchase Shell's European onshore renewable energy businesses.*

August 3, 2026 · business

TotalEnergies, a leading French energy company, has announced the acquisition of Shell's European onshore renewable energy operations. This strategic move will significantly enhance TotalEnergies' renewable energy capacity in Europe, adding around four gigawatts of solar and wind power capacity. The deal, which encompasses projects in Italy, the Netherlands, Britain, and Spain, is expected to bolster TotalEnergies' position in the renewable energy sector.

As part of the transaction, TotalEnergies will also divest a 50 percent stake in its portfolio of wind and solar assets across Germany, Spain, France, and Poland to the US investment firm KKR. The portfolio, valued at 1.8 billion euros, comprises around 1.2 gigawatts of electricity production. These transactions are part of TotalEnergies' strategy to optimize capital allocation in renewables.

## Sources

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Source: https://pulsetoday.com.bd/en/business/totalenergies-shell-european-renewable-acquisition