Total Acquires 2.2GW of US Solar Projects in Development
February 05 2021 - 4:30AM
Dow Jones News
By Giulia Petroni
Total SE said Friday that it has acquired a development pipeline
of 2.2 gigawatts of solar projects and 600 megawatts of battery
storage assets in Texas, U.S, from renewable energy company
SunChase Power LLC and private investment firm MAP RE/ES.
The French oil-and-gas major said the pipeline includes four
large-scale solar projects with battery energy storage systems.
Construction of the first two projects should begin later this
year, according to the company, and all projects are set to come
online between 2023 and 2024.
The remuneration will be in the form of staged payments as the
projects advance, Total said. No financial details were
disclosed.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
February 05, 2021 04:15 ET (09:15 GMT)
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