TotalEnergies SE Unveils Surplus of Solar Power Agreements

TotalEnergies SETTE has announced the signing of more than 1.5 GW of renewable Power Purchase Agreements (PPAs) with over 600 industrial and commercial clients worldwide for self-consumption.

Operational Success and Future Prospects

Among these PPAs, 1.1 GW is currently operational, generating 1.5 TWh of electricity annually, while the remaining 400 MW is anticipated to be operational by year-end.

Industry Diversification in Energy Transition

These deals aim to bolster the energy transition efforts of a multitude of sectors, including agrifood, automotive, cement, digital, manufacturing, metals, mining, retail, and warehousing industries.

Global Project Portfolio

The initiatives feature a long-term contract for a solar carport project (12.3 MWp) integrated with battery storage (7.4 MW/24.6 MWh) in the U.S., alongside the establishment of a 31 MWp floating photovoltaic (PV) facility in Belgium.

Expansion and Impact

Additional projects include the launch of a 17 MWp single-axis tracker ground-mounted solar setup in Oman and the construction of a 43 MWp rooftop solar structure in Indonesia.

Commitment to Growth and Sustainability

Vincent Stoquart, Senior Vice President of Renewables at TotalEnergies, highlighted, “Through building trust and strong relationships with our B2B clients, the dedication of our teams, and our company’s unwavering commitment, we are delighted to further accelerate our global distributed generation expansion. In a volatile market characterized by soaring energy costs, we offer our clients not just green energy but also stability and operational excellence over the PPA’s lifespan.”

Market Performance

TotalEnergies shares (TTE) are trading up 0.46% at $67.60 in premarket activity as of the latest check on Monday.