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Shell Divests its European Renewables Assets to TotalEnergies

Friday, August 7, 2026IBN.aiView original
British oil and gas multinational Shell has sold all of its European renewable energy assets to TotalEnergies. The French energy firm will take over nearly 4 gigawatts of in-development and operational solar and onshore wind generation from Shell. Simultaneously, TotalEnergies has announced that it is divesting a 50% stake in a separate 1.2 GW, $2.07 billion renewable portfolio […]