EnergyReader · 2026-08-03 12:07

TotalEnergies Buys Shell's European Onshore Renewables Portfolio for EUR 1.8 Billion

By EnergyReader Newsroom · August 3, 2026

TotalEnergies agreed on Monday (2026-08-03) to acquire Shell's European onshore renewables portfolio for an enterprise value of EUR 1.8 billion ($2.07 billion), adding 4 gigawatts of mostly development-stage assets to its existing European power position. Shell said the deal is part of its strategy to prioritise capital allocation into what it calls high-value businesses.

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