Total is trying to reduce its dependence on oil and shift towards electricity and renewable energy, and aims to have 35 gigawatts (GW) of gross renewable energy generation capacity by 2025 from around 9 GW now PARIS: Total will be as active in adding renewable energy assets in 2021 as it was last year, Chief […]
Total unit enters PH, invests in solar plants
A renewable energy subsidiary of oil giant Total is debuting in the Philippine market with an initial portfolio consisting of a 60-megawatt solar project in Tarlac province and a 75-MW solar project in Zambales province, both of which are expected to start commercial operations in 2021. Paris-based Total Eren said in a statement the projects […]
Iberdrola to invest $88 billion in ‘energy revolution’ by 2025
Countries and companies the world over are seeking to cut emissions to combat climate change, buoying renewables-focused companies including Iberdrola. MADRID: Spanish wind energy group Iberdrola plans to invest 75 billion euros ($88 billion) in its renewable energy production, grids and retail operations by 2025 to capitalise on growing global demand for clean power, it […]
Adani Green Energy Expands TOTAL Joint Venture With Rs 1,632 Crore Solar Assets Acquisition
Ahmedabad (Gujarat) [India]: The Adani Green Energy Limited (AGEL) on Thursday expanded its joint venture with TOTAL SA with the acquisition of 205 megawatts (MW) of operating solar assets for an enterprise valuation of Rs 1,632 crore, taking the total operating renewable portfolio under the joint venture to 2,353 MW. AGEL and TOTAL, a broad […]
Total CEO advises exploiting renewables M&A bubble
LONDON: Total TOTF.PA Chief Executive Patrick Pouyanne said on Wednesday that there is a bubble forming in the merger and acquisitions market for renewable power projects, which Total aims to exploit by selling development projects. “There is a bubble. But the mistake would be to make M&A today on renewables,” he told the Energy Intelligence […]
Total CEO reviews projects with Gautam Adani
French supermajor Total S A CEO Patrick Pouyanne made a day-long visit to India to review the gas and renewable energy projects his firm has with Adani Group. Total has joint ventures with Adani Group firms for city gas distribution, LNG import terminal, and renewable energy projects. In February this year, Total and Adani Green […]
Groupe PSA and Total Create “Automotive Cells Company”, a Joint Venture Dedicated to the Manufacture of Batteries in Europe
The creation of ACC1 marks the birth of a major player in battery production in Europe. Yann Vincent has been appointed Chief Executive and Ghislain Lescuyer Chairman of the Boardof the joint venture. This ambitious project, announced in January 2020,pools the expertise of each partner to develop and produce batteries with the highest level of performance […]
A Battery Giant Is Born: Total and Groupe PSA Launch New European Manufacturer
Total and Groupe PSA take the next step in their lithium-ion collaboration, formally launching the Automotive Cells Company. Oil major Total and carmaker Groupe PSA have taken the next step in their lithium-ion battery manufacturing collaboration with the launch of a new joint venture company and the first management appointments. The Automotive Cells Company (ACC) […]
Total and Macquarie Partner to Develop 2GW Floating Offshore Wind Portfolio in South Korea
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) and Macquarie’s Green Investment Group (GIG) have concluded a 50/50 partnership to develop a portfolio of 5 large floating offshore wind projects in South Korea with a potential cumulated capacity of more than 2 gigawatts (GW). Located off the Eastern and Southern coasts of the country (Ulsan and South Jeolla […]
Total awarded 135 MW of solar power projects in France
The largest project in the lot is a 50 MW ground-mounted solar project at the site of the company’s former refinery in Valenciennes in northeast France. It is expected to be completed in 2022 PARIS: French energy major Total said on Wednesday it was awarded several solar power generation projects with a total capacity of […]