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Total to keep up renewables energy investments in 2021 – CEO

Total to keep up renewables energy investments in 2021 – CEO

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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 Executive Patrick Pouyanne told an Oddo BHF conference on Friday.

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.

Pouyanne said the investment budget for electricity and renewables would surpass $2 billion in 2021.

Source: reuters
Anand Gupta Editor - EQ Int'l Media Network