Thursday, 9 July 2026
Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by Global Banking & Finance Review
Posted on July 9, 2026
· Last updated: July 9, 2026
TotalEnergies has sold its 170 MW distributed solar generation portfolio in Europe to Amarenco and AMPYR Distributed Energy, enabling it to concentrate on larger, more profitable renewable projects while ensuring continued service for existing clients.
PARIS, July 9 – French oil major TotalEnergies has divested its 170-megawatt portfolio of distributed solar generation assets in Europe, it said on Thursday, as part of its strategy to focus on larger renewable projects which are more profitable.
The assets have been sold to independent producer Amarenco and AMPYR Distributed Energy, which will continue to operate the panels to supply existing customers. TotalEnergies did not disclose the value of the transaction.
Total is hoping to build more than 75 gigawatts of renewables worldwide by 2030, up from a current 35 GW.
Distributed solar, which is mostly rooftop solar, usually consists of small projects under 3 MW, which the company has said is less suitable for its goals compared to gigawatt-scale farms.
The divested portfolio assets are across France, Belgium, the Netherlands, Spain, Portugal, Britain and Luxembourg.
(Reporting by America Hernandez in Paris; Editing by Jan Harvey)
Explore more articles in the Finance category
Take advantage of our newsletter subscription and stay informed on the go!
JavaScript is required for instant feedback — but you can also email newsletter@gbafmag.com .
Authoritative analysis on banking, capital markets and fintech — straight to your inbox.
A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.
Copyright © 2010-2026 – All Rights Reserved. | Sitemap | Tags
