France: Total Obtains 20% of the Volumes of the Latest National Solar Tender, More Than 600 MW of Projects Awarded in France
October 27 2020 - 4:15AM
Dow Jones News
Regulatory News:
Total (Paris:FP) (LSE:TTA) (NYSE:TOT), through Total Quadran, a
wholly-owned affiliate dedicated to developing and producing
renewable energy in France, was awarded 67 megawatt-peak (MWp) of
solar projects representing 20% of the volumes awarded in the
eighth period of the CRE (French Energy Regulatory Commission) call
for tenders. Total is thus consolidating its position as France's
second-largest solar developer with 606 MW of projects in all the
sections of the calls for tenders.
Most of the awarded sites will be developed on repurposed sites
such as quarries and former industrial sites. Three of these
projects are part of the solarization program for Total Group
sites.
<< Total Quadran is proud to be among the leaders in
renewable energies in France and to continue to perform in the
calls for tenders of the French Energy Regulatory Commission. The
results of the call for tenders are a good illustration of our
ability to put together solid and competitive proposals in a
competitive environment. >> said Thierry Muller, General
Manager of Total Quadran.
Total, renewables and electricity
As part of its ambition to get to net zero by 2050, Total is
building a portfolio of activities in renewables and electricity
that could account for up to 40% of its sales by 2050. By the end
of 2020, Total's gross power generation capacity worldwide will be
around 12 gigawatts, including more than 7 gigawatts of renewable
energy. With the objective of reaching 35 GW of production capacity
from renewable sources by 2025, Total will continue to expand its
business to become one of the world leaders in renewable
energies.
About Total Quadran
Total Quadran, a pioneer of renewable energies in France,
develops, builds and operates renewable electricity generation
resources (wind, photovoltaic, hydro and biogas). Total Quadran
operates over 300 renewable energy plants in France totaling nearly
1000 MW, generating 1,765 GWh of renewable electricity per year.
This is the equivalent of the annual consumption of nearly 1
million people and annual savings of nearly 560,000 tons of CO2
emissions.
About Total
Total is a broad energy company that produces and markets fuels,
natural gas and electricity. Our 100,000 employees are committed to
better energy that is more affordable, more reliable, 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 SE directly or indirectly owns investments are separate legal
entities. TOTAL SE 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
SE 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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CONTACT: Total
Media Relations : +33 1 47 44 46 99 l presse@total.com l
@TotalPress
Investor Relations : +44 (0)207 719 7962 l ir@total.com
Total Quadran
Communication : +33 4 67 32 63 35 |
elodie.billerey@total-quadran.com
SOURCE: TOTAL
Copyright Business Wire 2020
(END) Dow Jones Newswires
October 27, 2020 04:00 ET (08:00 GMT)
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