TotalEnergies Divests its Distributed Solar Generation Activities in Europe
France, July 9 -- In line with its strategy to refocus its renewable development on large utility-scale solar and wind farms in order to benefit from economies of scale, TotalEnergies announces that it has completed the divestment of all its distributed solar assets (around 170 MW), mainly rooftop installations, across 7 European countries (France, Belgium, the Netherlands, Spain, Portugal, the United Kingdom and Luxembourg) to Amarenco and AMPYR Distributed Energy. The Company has thus ended its distributed generation activities in these countries.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 econo...
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