TotalEnergies Sells 50% of 270 MW French Renewables Portfolio

TotalEnergies completed the sale of a 50% stake in a 270 MW portfolio of wind and solar projects in France to Eiffel Investment Group, valuing the assets at €265 million.

The transaction fits TotalEnergies’ Integrated Power business model, under which the company retains a 50% stake and remains operator while monetizing part of its renewable assets once they reach commercial operation. This strategy enables the French major to derisk projects, recycle capital, and target 12% profitability in its power segment. TotalEnergies will continue to offtake and market most of the electricity generated by the projects.

Eiffel Investment Group, an asset manager with €7 billion under management, brings deep expertise in energy transition financing, backed by the Impala group of entrepreneur Jacques Veyrat. The firm has expanded its reach across Europe, the U.S., and the Middle East, with a strong focus on sustainable infrastructure investment.

For TotalEnergies, the deal supports its broader ambition to scale renewable capacity while maintaining capital discipline. The company had more than 30 GW of installed renewable capacity at mid-2025 and is targeting 35 GW by year-end. By 2030, it aims to deliver more than 100 TWh of net electricity production, positioning itself as a leading integrated power provider.

The transaction highlights a growing trend among oil majors to share ownership of renewable assets with financial investors, enabling balance sheet flexibility while meeting energy transition goals. Rivals such as bp, Shell, and Eni have pursued similar divestment models in Europe and beyond.

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com

Iraq To Restart Kurdistan Oil Exports on September 27 Arbitrage Window Closing for American Crude in Asia Standard Chartered Bucks Bearish Trend, Forecasts Oil Price Gains in 2026

Read this article on OilPrice.com

View Comments