The companies have signed a Sale and Purchase Agreement (SPA) covering a portfolio of operational and development-stage renewable energy assets across Italy, the Netherlands, Spain, and the UK. The portfolio includes approximately 0.5 GW of combined renewable power generation capacity that is either operational or under development, along with an additional pipeline of future renewable energy projects. She said Shell is actively managing and upgrading its power portfolio by recycling capital into businesses where it has stronger competitive advantages. The divestment reflects Shell’s effort to reshape its renewable energy portfolio by focusing on businesses that complement its integrated power trading operations rather than retaining a broad portfolio of onshore renewable generation assets. For TotalEnergies, the acquisition expands its renewable energy footprint across key European markets, adding both operational projects and a development pipeline that supports its long-term clean energy growth strategy.