Total to Develop Qatar’s First Large-Scale (800 MWp) Solar Plant
January 20 2020 - 2:37AM
Business Wire
Regulatory News:
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has entered into
agreements for the development of the Al Kharsaah Solar PV IPP
Project, a 800 megawatt-peak (MWp) solar plant that will be located
80 kilometers west of Doha, Qatar. The project was awarded to a
consortium of Total (49%) and Marubeni (51%) as the result of the
country’s first solar tender.
“We are proud to pioneer the development of the first
large-scale solar power plant in Qatar and support the country’s
assertive commitment to developing renewable energy. Together with
our partners, we will bring the best of our expertise and technical
know-how to deliver one of the most competitive projects in the
world", said Patrick Pouyanné, Chairman and CEO of Total.
“Al Kharsaah, Total’s largest solar project to date, will
contribute to our ambition to deploy 25 GW of renewables by 2025.
This project further strengthens our long-term partnership with
Qatar in oil, natural gas, refining and petrochemicals and expands
it to include renewable energy. It is a very clear symbol of the
strategy of Total to become a global energy company.”
Qatar’s first large-scale solar power plant, Al Kharsaah will
provide sustainable, affordable and clean energy to industries,
services and individuals through the Qatari grid starting from 2021
with an initial 350 MWp capacity before reaching its full capacity
in 2022. It will represent around 10% of electricity peak demand of
the country and will reduce the CO2 emissions of Qatar by 26
million tons during the life of the project. The solar plant will
be built on over 1000 hectares of land and equipped with 2 million
bifacial solar modules with trackers, allowing substantial power
gains and leveraging the advantage of the exceptional sunlight
exposure in the region. It will represent an investment of around
500 million US dollars.
The project will be developed and operated by Siraj 1 SPV,
jointly owned by the Consortium of Total Solar International and
Marubeni (40%), alongside Siraj Energy (60%), a Joint Venture
between Qatar Petroleum (40%) and QEWC (Qatar Electricity &
Water Company, 60%).The project benefits from a 25-year power
purchase agreement (PPA) to supply electricity to the offtaker
Kahramaa.
Total and Low-Carbon Electricity Total integrates climate change
into its strategy and is staying ahead of new energy market trends
by building a portfolio of low-carbon businesses that could account
for 15 to 20% of its sales by 2040. Total's gross low-carbon power
generation capacity worldwide is currently close to 7 gigawatts, of
which over 3 gigawatts from renewable energies.
Total actively contributes to the growth of solar energy
worldwide by designing and operating utility-scale power plants and
supplying industrial and commercial customers with solar energy
generated at their sites.
* * * * *
About Total in Qatar Present in Qatar since 1936, Total
holds along with its partner Qatar Petroleum a 20% interest in the
upstream part of Qatargas 1, a 10% interest in the Qatargas 1
liquefaction plant joint venture, a 16.7% stake in the Qatargas 2
train 5 joint venture, a 40% interest in Al-Khalij offshore oil
field and a 30% stake in North Oil Company joint venture which
operates the giant Al-Shaheen offshore oil field. Total also holds
a 24.5% stake in the Dolphin Energy Ltd Company. Total’s production
in the country averaged 211,000 barrels of oil equivalent per day
in 2018.
Total is also a partner in the Ras Laffan Refineries with a 10%
interest and in the Qapco (20%), RLOC (22.4%) and Qatofin (48.6%)
petrochemical plants.
* * * * *
About Total Total is a major energy player that produces
and markets fuels, natural gas and low-carbon electricity. Our
100,000 employees are committed to better energy that is safer,
more affordable, cleaner and accessible to as many people as
possible. Active in more than 130 countries, our ambition is to
become the responsible energy major.
Cautionary note This press release, from which no legal
consequences may be drawn, is for information purposes only. The
entities in which TOTAL S.A. directly or indirectly owns
investments are separate legal entities. TOTAL S.A. has no
liability for their acts or omissions. In this document, the terms
“Total”, “Total Group” and Group are sometimes used for
convenience. Likewise, the words “we”, “us” and “our” may also be
used to refer to subsidiaries in general or to those who work for
them. This document may contain forward-looking information and
statements that are based on a number of economic data and
assumptions made in a given economic, competitive and regulatory
environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TOTAL S.A. nor any of
its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends
contained in this document whether as a result of new information,
future events or otherwise.
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