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TotalEnergies Exits Distributed Solar Generation Business in Europe

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TotalEnergies (TTE) said Thursday it sold its 170-megawatt distributed solar portfolio across seven European countries to Amarenco and AMPYR Distributed Energy.

The company said the divestment aligns with its strategy to focus renewable development on large utility-scale solar and wind projects.

The sale will not affect its renewable expansion plans, as TotalEnergies aims to maintain its annual installation pace of about 8 gigawatts to exceed 75 GW of gross renewable capacity by 2030, it added.

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