Onsite Solar Generation: TotalEnergies Surpasses 1.5 GW of PPAs with 600 B2B Customers Worldwide
March 18 2024 - 3:49AM
Business Wire
Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) is pleased to
announce it has reached over 1.5 GW of signed renewable Power
Purchase Agreements (PPAs) with over 600 industrial and commercial
customers worldwide, for self-consumption on their sites and
injection into the grid. Of this 1.5 GW, 1.1 GW is already in
operation, producing 1.5 TWh of electricity a year, while 400 MW
will be commissioned by year-end.
By solarizing its customers’ sites, TotalEnergies will support
the energy transition of various industries, including agrifood,
automotive, cement, digital, manufacturing, metals, mining, retail,
and warehousing.
A unique footprint across all continents
Operating to the highest industry standards and in close
proximity to its customers, TotalEnergies’ distributed generation
solutions are present in over 30 countries across all continents,
positioning TotalEnergies as one of the distributed generation
players with the widest coverage.
Examples of TotalEnergies’ onsite renewable generation projects
include:
- In the United States, a long-term contract was signed
for a solar carport project (12.3 MWp) coupled with battery storage
(7.4 MW/24.6 MWh) to supply power to JFK Airport serving New
York City.
- In Belgium, the construction of a 31 MWp floating
photovoltaic (PV) plant for Holcim Belgium to supply decarbonized
electricity to the Obourg cement plant.
- In Oman, the launch of a 17 MWp single-axis tracker
ground-mounted solar facility for Veolia to power the Sharqiyah
Desalination Plant.
- In Indonesia, the construction of a 43 MWp rooftop solar
system, the largest in the country, to power a Gunung Raja Paksi
(GRP) steel factory.
Tailored, competitive solutions for B2B customers
TotalEnergies sells renewable electricity generated at its B2B
customers sites through long-term PPAs. To this end, the Company
develops, finances, builds, and operates solar panels installed on
rooftops, carports, and vacant industrial lands.
These solar solutions enable companies to enjoy significant bill
savings and predictable electricity prices, while reducing their
carbon footprint. Onsite behind-the-meter batteries are also
offered as a complement to increase local consumption of solar
electricity while providing stabilization services to electricity
grid operators.
In addition, TotalEnergies has a wide range of decarbonized
energy solutions such as renewable electricity (off-site solar,
wind and hydro PPAs), low-carbon fuels (from hydrogen and biogas to
Sustainable Aviation Fuel), CO₂ capture, storage and use, and
electric mobility (including trucks), adapted to over twenty
industries.
"Thanks to the trust and closeness we have established with our
B2B customers, the dedication of our teams, and our Company’s
commitment, we are proud to continue accelerating our growth in
distributed generation worldwide. In an unstable market with high
energy prices, we provide our customers not only decarbonized
energy but also visibility and operational excellence throughout
the duration of the PPA”, said Vincent Stoquart, Senior Vice
President Renewables at TotalEnergies.
***
TotalEnergies and electricity As part of its ambition to
get to net zero by 2050, TotalEnergies is building a world class
cost-competitive portfolio combining renewables (solar, onshore and
offshore wind) and flexible assets (CCGT, storage) to deliver clean
firm power to its customers. At the end of 2023, TotalEnergies’
gross renewable electricity generation installed capacity was 22
GW. TotalEnergies will continue to expand this business to reach 35
GW in 2025 and more than 100 TWh of net electricity production by
2030.
About TotalEnergies TotalEnergies is a global
multi-energy company that produces and markets energies: oil and
biofuels, natural gas and green gases, renewables and electricity.
Our more than 100,000 employees are committed to energy that is
ever more affordable, more sustainable, more reliable and
accessible to as many people as possible. Active in nearly 130
countries, TotalEnergies puts sustainable development in all its
dimensions at the heart of its projects and operations to
contribute to the well-being of people.
@TotalEnergies TotalEnergies TotalEnergies
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Cautionary Note The terms “TotalEnergies”, “TotalEnergies
company” or “Company” in this document are used to designate
TotalEnergies SE and the consolidated entities that are directly or
indirectly controlled by TotalEnergies SE. Likewise, the words
“we”, “us” and “our” may also be used to refer to these entities or
to their employees. The entities in which TotalEnergies SE directly
or indirectly owns a shareholding are separate legal entities. 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 TotalEnergies 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. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the
most recent Universal Registration Document, the French-language
version of which is filed by TotalEnergies SE with the French
securities regulator Autorité des Marchés Financiers (AMF), and in
the Form 20-F filed with the United States Securities and Exchange
Commission (SEC).
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