TotalEnergies acquires Shell's onshore renewables business in Europe

Type: Acquisition · Technology: Hybrid · Country: Italy · Capacity: 500 MW · Announced: 2026-08-04

TotalEnergies is acquiring Shell's entire onshore renewables business in Europe, which includes 500 MW of operational or under-construction photovoltaic and wind power plants, primarily located in Italy and the Netherlands. The acquisition also encompasses a 3.5 GW development pipeline of photovoltaic, wind, and electrochemical storage projects across Italy, the United Kingdom, and Spain. This transaction is expected to close by the end of 2026, subject to regulatory approvals, and will significantly strengthen TotalEnergies' industrial presence in Italy. The deal reinforces TotalEnergies' power generation activities in four key European markets, aligning with its Integrated Power strategy.

Analysis

TotalEnergies is acquiring Shell's entire onshore renewables business in Europe, which includes 500 MW of operational or under-construction photovoltaic and wind power plants, primarily located in Italy and the Netherlands. Shell is a global group of energy and petrochemical companies with a strategy to accelerate the transition of their business to net-zero emissions. TotalEnergies is a global integrated energy company operating in around 120 countries, producing and marketing energies including oil, gas, and low-carbon electricity. The acquisition also encompasses a 3.5 GW development pipeline of photovoltaic, wind, and electrochemical storage projects across Italy, the United Kingdom, and Spain. This transaction is expected to close by the end of 2026, subject to regulatory approvals.

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