TotalEnergies Selling Stake in 1.4-Gw Solar Portfolio in N America

Wedoany.com Report-Sept. 29, On Monday, September 29, 2025, TotalEnergies, a French energy company, announced the sale of a 50% stake in a renewable energy portfolio valued at USD 1.25 billion (EUR 1.07 billion). The transaction, expected to yield USD 950 million after bank refinancing, supports the company’s strategy to enhance profitability in its Integrated Power business.

A TotalEnergies solar farm.

The portfolio includes six utility-scale photovoltaic (PV) farms with a combined capacity of 1.3 GW and 41 distributed generation assets totaling 140 MW, primarily located in the United States. These facilities sell their electricity to third parties or are marketed by TotalEnergies. The company will retain a 50% interest in the assets and continue to operate them, ensuring ongoing management and operational efficiency.

“Aligned with our strategy, this transaction unlocks value from newly commissioned assets and further strengthens the profitability of our Integrated Power business,” said Stephane Michel, president of gas, renewables, and power at TotalEnergies. The divestment aligns with the company’s goal to sell up to 50% of its renewable assets upon commissioning, targeting a 12% profitability rate for its Integrated Power division.

Subject to standard closing conditions, the deal reflects TotalEnergies’ focus on balancing investment recovery with sustained involvement in renewable energy projects. The sale enables the company to optimize its financial resources while maintaining a significant role in the operation of these solar assets, contributing to the growth of clean energy in the U.S. market.

This transaction underscores TotalEnergies’ commitment to expanding its renewable energy portfolio while ensuring economic viability. By retaining operational control, the company leverages its expertise to support reliable energy production, meeting rising demand for sustainable power solutions.