What assets is Shell selling to TotalEnergies, and where are they located?

Shell is selling its onshore European renewables unit to TotalEnergies, including operational and under-construction solar and wind assets totaling about 500 megawatts—mainly in Italy and the Netherlands—as well as a 3.5 gigawatt pipeline of solar, wind, and battery storage projects across Italy, the United Kingdom, and Spain.

Why is Shell divesting its European onshore renewables business, and how does this fit into its broader strategic shift?

Shell is divesting its European onshore renewables business as part of a strategic pivot under CEO Wael Sawan, who has shifted focus away from low-carbon investments toward upstream oil and gas operations and energy trading to pursue better returns; the company now aims to concentrate its power business on supplying large customers with integrated energy solutions that combine renewable power with less intermittent hydrocarbon-based generation.

Shell sells European onshore renewables to TotalEnergies

Aug 2, 2026

Shell sells European onshore renewables to TotalEnergies, pivoting strategy toward upstream oil and gas. The transaction covers 500 MW of operational assets and a 3.5 GW project pipeline across key European markets.

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