TotalEnergies Expands Renewable Portfolio with Over 600 B2B Clients Globally

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TotalEnergies Expands Renewable Portfolio with Over 600 B2B Clients Globally

(IN BRIEF) TotalEnergies has secured over 1.5 GW of renewable Power Purchase Agreements (PPAs) with 600+ industrial and commercial clients globally. With 1.1 GW already operational, generating 1.5 TWh annually, an additional 400 MW will be commissioned by year-end. These agreements support various industries’ energy transition and span across 30 countries on all continents. TotalEnergies offers tailored renewable solutions through long-term PPAs, providing cost savings, price predictability, and carbon footprint reduction for B2B customers. Vincent Stoquart, Senior VP Renewables, attributes the milestone to customer trust and operational commitment, emphasizing TotalEnergies’ role in accelerating distributed generation worldwide.

(PRESS RELEASE) PARIS, 18-Mar-2024 — /EuropaWire/ — TotalEnergies (EPA:TTE), a global multi-energy company with over 100,000 employees and presence in more than 130 countries as well as the world’s 3rd-largest low-carbon LNG company, has achieved a significant milestone by securing over 1.5 GW of renewable Power Purchase Agreements (PPAs) with more than 600 industrial and commercial clients worldwide. With 1.1 GW already operational, generating 1.5 TWh of electricity annually, an additional 400 MW is set to be commissioned by year-end. These agreements aim to support various industries in their energy transition, spanning agrifood, automotive, cement, digital, manufacturing, metals, mining, retail, and warehousing sectors. Operating across 30 countries on all continents, TotalEnergies stands out as one of the leading distributed generation players globally.

Tailored Renewable Solutions for B2B Customers

TotalEnergies offers competitive renewable energy solutions tailored to its B2B clients through long-term PPAs. The company handles the development, financing, construction, and operation of solar panels installed on rooftops, carports, and vacant industrial lands. These solutions enable companies to achieve significant cost savings, ensure price predictability, and reduce their carbon footprint. Onsite behind-the-meter batteries are also available to enhance local consumption of solar electricity while providing stabilization services to grid operators.

Driving Growth in Distributed Generation Worldwide

Vincent Stoquart, Senior Vice President Renewables at TotalEnergies, expressed pride in the company’s achievement, attributing it to the trust established with B2B customers, the dedication of their teams, and the company’s commitment to accelerating growth in distributed generation globally. “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.”

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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 Contacts

TotalEnergies on social media

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. TotalEnergies SE has no liability for the acts or omissions of these 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 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).

SOURCE: TotalEnergies

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