Shell Sells ~0.5 GW European Onshore Renewables Portfolio Across Italy, Netherlands, Spain and UK to TotalEnergies
Shell has signed a Sale and Purchase Agreement to sell its European onshore renewables portfolio to TotalEnergies. The portfolio comprises approximately 0.5 GW of renewable generation capacity in operation and under development across Italy, the Netherlands, Spain and the UK, plus a development pipeline. The transaction is expected to complete by end of 2026.
Transaction date: · Source: shell.com
Key facts
- Transaction date
- Technology
- Onshore Wind, Solar PV
- Capacity
- 500 MW
- Transaction price
- Not disclosed
- Buyer
- TotalEnergies
- Seller
- Shell
- Country
- Italy, Netherlands, Spain, United Kingdom
- Region
- Italy, Netherlands, Spain, United Kingdom
- Continent
- Europe
- Development status
- Operational
- PPA
- n.a.
Technology details
Portfolio of approximately 0.5 GW of combined renewable generation capacity in operation and under development, plus a pipeline of projects for future development. Assets span development-stage and operational projects across Italy, the Netherlands, Spain and the UK. Specific technology mix not disclosed.
Additional information
Transaction subject to regulatory approvals and expected to complete by end of 2026. Part of Shell's capital recycling strategy aligned with its Capital Markets Day 2025 priorities, focusing on asset-backed power trading and customer-focused energy solutions. Shell is exiting European onshore renewables development to concentrate on differentiated capabilities in power trading and flexible generation.
Source
Original announcement: https://www.shell.com/news-and-insights/newsroom/news-and-media-releases/2026/shell-signs-agreement-to-sell-european-onshore-renewables-portfolio-to-totalenergies.html