- TotalEnergies sold 50% of its 604 MW renewable portfolio in Portugal for €178.5 million.
- The assets include wind, solar, and hydroelectric facilities.
- TotalEnergies will continue operating the assets and purchase production post-tariff expiry.
- The company aims for 35 GW renewable capacity by end of 2025.

Transaction Overview
TotalEnergies has completed the sale of 50% of its 604 MW renewable energy portfolio in Portugal. The assets, which include wind, solar, and hydroelectric facilities, were sold to a consortium comprising MM Capital Partners 2 Co., Ltd., Daiwa Energy & Infrastructure Co. Ltd., and Mizuho Leasing Co., Ltd. The transaction was valued at €178.5 million, with an enterprise value of €550 million.
Operational Continuity
Despite the sale, TotalEnergies will retain a 50% stake and continue to operate the assets. The company plans to purchase the production from these assets once the current regulated tariffs expire. This approach aligns with TotalEnergies' strategy to optimize capital allocation within its integrated electricity activities.
Future Capacity Goals
TotalEnergies is focused on expanding its renewable energy capacity. As of March 2025, the company had 28 GW of installed gross renewable electricity generation capacity. It aims to increase this to 35 GW by the end of 2025 and achieve more than 100 TWh of net electricity production by 2030.