Shell agrees to sell European onshore renewables portfolio to TotalEnergies

• Shell signed an SPA to sell its European onshore renewables portfolio to TotalEnergies.
• Assets span development-stage projects, operational sites across Italy, the Netherlands, Spain, the UK; about 0.5 GW in operation or development.
• Deal targets completion by end-2026, subject to regulatory approvals.
• Transaction supports portfolio high-grading, capital recycling, focus on asset-backed power trading, customer energy solutions.

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