TotalEnergies said it has surpassed 1.5 GW of signed renewable PPAs for self-consumption and injection into the grid throughout the world.
The figure consists of 1.1 GW already in operation, producing 1.5 TWh of electricity per year. Another 400 MW will be commissioned by the end of this year, said the company.
The PPAs are in place with more than 600 industrial and commercial customers throughout the world. TotalEnergies said that by solarizing its customer’s sites, it is supporting the energy transition of the agrifood, automotive, cement, digital, manufacturing, metals, mining, retail, and warehousing industries.
TotalEnergies said it develops, finances, builds, and operates solar panels installed on rooftops, carports, and vacant industrial sites. It then sells the renewable electricity through long-term PPAs. The company's distributed generation solutions are currently present in more than 30 countries, across all continents.
“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 for TotalEnergies.
At the end of last year, the company’s gross renewable capacity stood at 22 GW installed. It has set a target of 35 GW in 2025, alongside ambitions to get to net zero by 2050.
In December 2023, research firm Mercom said that TotalEnergies was the largest, global utility-scale solar developer from July 2022 to June 2023.
Over the past year, the company has acquired French agrivoltaics specialist Ombrea and independent power producer Total Eren.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
1 comment
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.