TotalEnergies announced the completion of the sale of 50% of a 270 MW wind and solar portfolio in France to investment funds managed by Eiffel Investment Group on September 30, 2025. The transaction values the portfolio at EUR 265 million, representing a significant divestment in the company's French renewable energy assets. Following this transaction, TotalEnergies retains a 50% stake and remains the operator of the assets.

The company continues to offtake and market most of the production from these renewable energy facilities, maintaining its operational control despite the partial sale.

Strategic Business Model Implementation

The divestment aligns with TotalEnergies' renewables business model, which focuses on maximizing asset value while managing risks. The company's strategy involves divesting up to 50% of its renewable assets once they reach commercial operation date (COD) and are derisked. This approach allows TotalEnergies to realize value from mature projects while maintaining operational involvement.

TotalEnergies is building a competitive portfolio that combines renewables including solar, onshore wind, and offshore wind with flexible assets such as combined cycle gas turbines (CCGT) and storage systems. The integrated approach aims to deliver clean firm power to customers while achieving the company's 12% profitability target for its Integrated Power business.

Buyer Profile and Investment Strategy

Eiffel Investment Group, the acquiring party, is an asset manager with approximately EUR 7 billion under management as of June 30, 2025, including uncalled commitments. The group's investor base consists of large institutional investors including insurance companies, mutual insurers, pension funds, banks, family offices, and public investors, as well as retail investors via intermediated distribution.

Backed by the Impala group founded by entrepreneur Jacques Veyrat, Eiffel Investment Group maintains strong industrial expertise, particularly in the energy transition sector. The company finances companies and their assets through four main strategies: private debt, private equity, energy transition through infrastructure debt and equity, and listed credit and equities.

Eiffel Investment Group's investment strategies aim to generate strong financial performance while creating positive social and environmental impacts. The organization operates with a team of around 110 professionals across offices in France (Paris), BeNelux (Amsterdam), Italy (Milan), Poland (Warsaw), the United States (New York), and the UAE (Abu Dhabi).

TotalEnergies' Renewable Energy Expansion

As of the end of June 2025, TotalEnergies has more than 30 GW of installed gross renewable electricity generation capacity. The company aims to reach 35 GW by the end of 2025 and targets more than 100 TWh of net electricity production by 2030, demonstrating significant growth ambitions in the renewable energy sector. TotalEnergies operates as a global integrated energy company that produces and markets various energy sources including oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity.

With more than 100,000 employees, the company operates in approximately 120 countries and places sustainability at the heart of its strategy, projects, and operations. The company's electricity business focuses on building a competitive portfolio combining renewable sources with flexible assets to deliver clean firm power to customers. This integrated approach represents TotalEnergies' commitment to the energy transition while maintaining operational efficiency and financial performance targets.

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