Entech Energy & Services has completed the acquisition of a portfolio of 41 ground-mounted photovoltaic power plant projects from TotalEnergies Renouvelables France, representing a total capacity of around 159 megawatt-peak (MWc). The projects are located across metropolitan France and are at different stages of development, with commissioning scheduled between 2026 and 2029.
A progressively maturing portfolio
Nine of the projects, totalling 31 MWc, already have building permits and are at an advanced stage, including five selected in the calls for tenders of the Commission de régulation de l’énergie (CRE). Twenty-one other projects, with a combined capacity of 76 MWc, are under review for building permits. Finally, eleven additional projects, representing 52 MWc, are ready to enter this phase following the completion of studies and the securing of land.
A transaction supported by fundraising
This acquisition follows a financing round completed in June 2025 through the issuance of convertible bonds amounting to €15mn ($16mn). It also comes after a similar deal in July 2025, when Entech acquired around 100 MWc of projects from another international energy player. These operations are part of the group’s growth strategy, aiming to build a portfolio of more than 350 MW of solar and storage assets by 2029.
A strategic refocus for TotalEnergies
For TotalEnergies Renouvelables France, this sale reflects a strategy to focus on larger-scale projects. According to the managing director of the subsidiary, this direction better aligns with the company’s business model, which emphasises industrial-scale synergies. The company remains active in the French market, with priority given to large-scale power plants.
Entech targets ownership and partnerships
Entech Energy & Services is pursuing a dual objective: the development of an integrated offer, including financing or co-financing, aimed at businesses and economic operators, and the creation of a portfolio of assets owned either directly or with partners. The integration of these 41 projects marks a significant step towards this goal, strengthening the group’s ability to operate across the value chain, from development to operation.
