Sun Power For Businesses: TotalEnergies Discloses Massive Solar Deals Globally

TotalEnergies SE TTE disclosed that it has reached over 1.5 GW of signed renewable Power Purchase Agreements (PPAs) with over 600 industrial and commercial customers for self-consumption globally. 

Of these PPA’s, 1.1 GW is already in operation, producing 1.5 TWh of electricity a year, and the remaining 400 MW is expected to be commissioned by year-end.

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With such deals, TotalEnergies plans to support the energy transition of various industries, comprising agrifood, automotive, cement, digital, manufacturing, metals, mining, retail, and warehousing.

The projects include a long-term contract for a solar carport project (12.3 MWp) coupled with battery storage (7.4 MW/24.6 MWh) in the U.S. and the construction of a 31 MWp floating photovoltaic (PV) plant in Belgium.

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The projects also include launching a 17 MWp single-axis tracker ground-mounted solar facility in Oman and constructing a 43 MWp rooftop solar system in Indonesia.

Vincent Stoquart, Senior Vice President Renewables at TotalEnergies, said, “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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Price Action: TTE shares are up 0.46% at $67.60 premarket on the last check Monday.