TotalEnergies reached a milestone of 500 MW of onsite business-to-business solar distributed generation in operation across more than 300 industrial and commercial sites in Asia, the Middle East, Europe and the U.S., a company press release announced on Oct. 25.
"Thanks to our expertise in this market segment, we provide concrete and competitive solutions to our B2B customers to help them reach their sustainability goals and reduce their energy costs," vice president of solar distributed generation Matthieu Langeron commented in the release.
TotalEnergies sells green electricity to its customers produced directly on their operational sites, the company stated.
Through long-term power purchase agreements, the company develops, finances, builds and operates the solar installations on available industrial land, roofs and carports.
Customers are then able to produce clean energy directly at their sights through the solar installations and benefit from electricity cost and carbon footprint reductions.
TotalEnergies is aiming to reach net zero by 2050 and is creating a renewable electricity portfolio that includes close to 12 GW as of June 2022. The company's next milestone is to reach 35 GW of renewable and storage gross production capacity by 2025 and 100 GW by 2030.
"With a footprint spanning 30 countries worldwide in the Distributed Generation business, we expect to speed up our growth and expand our portfolio in operation to 1 GW by 2023," Langeron continued.
Recommended Reading
Northern’s O’Grady: Most of ‘Best’ Acres ‘Already Been Bought’
2024-10-24 - Adding new-well inventory going forward will require “exploration or other creative measures,” said Nick O’Grady, whose Northern Oil and Gas holds interests in 10,000 Lower 48 wells.
EY: Three Themes That Will Drive Transformational M&A in 2025
2024-12-19 - Prices, consolidation and financial firepower will push deals forward, says EY.
Coterra Takes Harkey Sand ‘Row’ Show on the Road
2024-11-20 - With success to date in Harkey sandstone overlying the Wolfcamp, the company aims to make mega-DSUs in New Mexico with the 49,000-net-acre bolt-on of adjacent sections.
E&P Highlights: Dec. 16, 2024
2024-12-16 - Here’s a roundup of the latest E&P headlines, including a pair of contracts awarded offshore Brazil, development progress in the Tishomingo Field in Oklahoma and a partnership that will deploy advanced electric simul-frac fleets across the Permian Basin.
Nigeria Halts Shell Asset Sale, Approves Exxon-Seplat Deal
2024-10-21 - Nigeria blocked Shell's sale of its entire onshore and shallow-water oil operations.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.