TotalEnergies SE is exploring a sale of a 50% stake in select European renewable energy assets, seeking a financial partner for its green portfolio, according to people familiar with the matter. The French oil major aims to share risks and capital commitments on its wind and solar projects across Europe.

This move reflects a broader strategy to accelerate investments in low-carbon energy while optimizing its balance sheet. Partnering with an infrastructure or pension fund would provide capital for new developments without diluting TotalEnergies' operational control or long-term strategic goals in the energy transition.

The potential transaction highlights how traditional energy companies are reshaping their portfolios. For a buyer, acquiring a half-share in operational and developmental assets offers stable, long-term cash flows tied to power purchase agreements. The deal, if completed, would signal continued strong appetite for high-quality renewable infrastructure among institutional investors.