Sebastian Montoya
TotalEnergies kept two sets of lawyers busy this week.
The French major acquired Shell’s entire 4GW European onshore renewables business (solar and wind assets spanning Italy, the Netherlands, Spain and France) while selling a 50% stake in a 1.2GW portfolio of developed assets across Germany, Spain, France, Poland and the US to an insurance account managed by KKR.
A busy summer, but we do like it this way!
And in other news this week:
- OX2 played both buyer and seller too, acquiring a 200 MW / 800 MWh Italian battery storage portfolio from Hanwha Energy while selling the 77 MW Urleasca wind project in Romania to Scatec.
- Verdant Energy and Aura Power agreed to combine, forming a GW-scale UK renewables IPP.
- Greece’s PPC Group agreed to acquire a 277.3 MW wind and solar portfolio from EDP Renewables, marking its entry into the Polish market.
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Week Summary | From July 31 to August 7, 2026
The tracker logged 17 announced deals across Europe this week, and the story wasn’t the count, but the megawatts behind it.
TotalEnergies alone set 5.2 GW in motion, taking over Shell‘s 4 GW onshore renewables business while farming a 50% stake in a further 1.2 GW down to a KKR-managed account.
Hybrid solar-and-wind portfolios led with five deals, wind followed on four, and Italy topped the map with five transactions – six, counting the Italian assets in the Shell transaction.
This week’s signature move was the handover: developers passing finished or ready-to-build assets to utilities and long-term capital.
EDP Renewables exited twice, selling a 277.3 MW Polish portfolio to PPC Group and a 58 MW Greek one to Faria Renewables. European Energy placed its 90 MW Cerano solar park, PNE passed 45 MW of German repowering wind to private investors, and a four-strong infrastructure consortium took 90% of Enpal‘s 240 MW rooftop portfolio.
OX2 worked both sides of the counter, buying a 200 MW / 800 MWh Italian BESS duo from Hanwha Energy while sending the 77 MW Urleasca wind project in Romania to Scatec.
Price tags, meanwhile, were the week’s rarest commodity. Drax‘s completed £548m acquisition of Bluefield Solar‘s solar and wind assets and Enel Green Power Italia‘s €145m purchase of the 84 MW Campo Eolico Ariano wind farm were the only disclosed numbers on the tape.
Battery storage kept its rhythm regardless: Eku Energy secured the 300 MW ready-to-build Didcot project, Copenhagen Energy divested its Ringsted BESS to REPRO, and Verdant Energy and Aura Power agreed to merge into a GW-scale UK IPP spanning solar and storage.
Wind
- Germany | PNE AG has sold two repowering wind farm projects in Germany, comprising a combined capacity of 52 MW, to a small group of private investors
- Madrid | EDP Renewables signed two Sale and Purchase Agreements with Faria Renewables to sell 100% of 58 MW wind operating and under construction portfolio in Greece, for an estimated Enterprise Value of €0.12 billion
- Norway | Scatec acquires the Urleasca (77 MW) onshore wind project in Romania, which includes the 190 MW Dobrun & Sadova solar projects currently under construction
- Italy | Italy | Enel Green Power Italia S.r.l. has signed and finalized an agreement with WEB Ariano S.r.l., a company owned by WEB Windenergie AG, for the acquisition of 100% of the share capital of Campo Eolico Ariano, with a total installed capacity of 84 MW and an average annual output of approximately 0.2 TWh
Solar + Wind
- France | TotalEnergies also acquired Shell’s entire onshore renewables business in Europe, including 500 MW of solar and wind assets in operation or under construction, mainly located in Italy and the Netherlands, and a 3.5 GW pipeline of solar, wind and battery storage projects in Italy, the United Kingdom and Spain
- UK | Drax Group plc announced that it has completed the acquisition of renewable energy company Bluefield Solar Income Fund Limited, adding 0.9GW of operating and under construction solar and wind assets and a gross development pipeline of 2.9GW
- Poland | PPC Group acquired a portfolio of wind and solar projects with a total capacity of 277.3 MW from EDP Renewables
- Poland | ORLEN New Power has acquired two special-purpose vehicles from Polish developers ONDE and Neo Energy Group. The companies hold the rights to build a 180 MW solar PV farm and a 36 MW wind farm
Solar
- Germany | Enpal sold majority stakes in 240 MW of rooftop solar assets, raising €65M for growth. The company kept 10% of the ventures
- Italy | Innovatec and ESI shareholders have approved the merger of ESI into Innovatec, combining two Italian companies active in renewable energy development, EPC and generation assets
- Denmark | European Energy has completed the divestment of Cerano Energreen, a fully permitted 90 MW solar project in Brindisi, Puglia, Italy. The transaction closed on 6 August 2026
- Italy | Macquarie Capital has invested in Italian renewable developer Chiron Energy to form a joint venture targeting at least 1 GW of solar capacity and 500 NW of BESS projects in Italy
BESS
- Italy | The swedish developer OX2 AB acquired a 200MW/800MWh portfolio of BESS in Italy from Hanwha Europe
- UK | Eku Energy has acquired TBC 001 Limited from TBC Partners Limited and Ejon Limited, securing a RTB 300MW BESS project in Oxfordshire
- Denmark | Danish renewable energy developer Copenhagen Energy has sold an 18.85-MW, stand-alone BESS system in Denmark to the renewables arm of German family-owned holding company EW Group
