TotalEnergies Looking to Sell Stake in European Renewable Energy Assets

TotalEnergies SE (NYSE:TTE) is included among the 12 Best LNG Stocks to Buy in 2026.

TotalEnergies SE (NYSE:TTE) is a global integrated energy company that produces and markets energy.

A Bloomberg report on May 22 revealed that TotalEnergies SE (NYSE:TTE) is exploring the sale of a 50% stake in some of its European renewables assets, as it seeks a partner in operating and monetizing its clean energy portfolio. The French energy major is working with advisors to sell its interest in 1.2 GW of solar and wind farms in France, Germany, Poland, and Spain. A potential deal could fetch several hundred million euros for the company.

The move comes after TotalEnergies SE (NYSE:TTE) agreed to divest a 50% stake in 1.4 GW of North American solar assets last year. Moreover, the company also sold 50% stakes in smaller portfolios of renewable assets in some European countries.

While its peers, including Shell and BP, have outright reduced their spending on renewables, TotalEnergies SE (NYSE:TTE) is moving ahead with its diversification strategy in which power will represent about 20% of its energy output by the end of this decade.

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