Connection

popular articles

Myrrha: Construction of Belgian Research Reactor begins
Cortus and Nordbex sign contract for 60 MW biomass power plant
Natron Energy invests USD 1.4 billion in sodium-ion battery plant
Areva: Strategic stakes of Uramin takeover re-examined
Technip Energies: Order Growth and 2024 Objectives Confirmed

CDV and TotalEnergies Create a Joint Venture

CDV (Casa dos Ventos) and TotalEnergies will form a joint venture to develop a renewable energy portfolio.

Please share:

CDV (Casa dos Ventos) and TotalEnergies will form a joint venture to develop a renewable energy portfolio. This portfolio contains 700MW of onshore wind capacity in operation and 1GW of onshore wind capacity under construction. It also includes 2.8GW of onshore wind power and 1.6GW of solar projects under development.

A joint venture in Brazil

CDV, in partnership with TotalEnergies, will be able to acquire existing and new projects. This will help the company to grow. It will have access to an additional portfolio of at least 6GW of capacity developed by CDV.

TotalEnergies will invest $550 million and pay an additional $30 million to complete the acquisition. The group will leverage its presence in the corporate APP market, its buying power and its expertise. On its side, CDV will help the joint venture with its knowledge of the Brazilian market and its portfolio.

TotalEnergies’ strategy

Patrick Pouyanné, Chairman and CEO of TotalEnergies, said:

“After Adani Green in India and Clearway in the United States, I am delighted with this new major partnership in Brazil, with Casa dos Ventos, a leader in onshore wind energy. With this transaction, TotalEnergies acquires no less than a leading position in the Brazilian renewable energy market, one of the most dynamic commercial markets in the world. This market is in line with our strategy to capitalize on the growth of deregulated electricity markets, which is crucial to the energy transition.

The joint venture with CDV is an integral part of TotalEnergies’ strategy. Indeed, the company’s ambition is net zero by 2050.

The French group is building a portfolio of activities in the field of electricity and renewable energy. The goal is to reach 100GW of renewable generation and storage capacity by 2030. Finally, the company currently has a total of 12GW in operation or under construction in wind and solar power.

Register free of charge for uninterrupted access.

Publicite

Latest news

France: Primagaz urged to address massive customer service failures
New Russian Offensive: Ukrainian Energy Grid Severely Hit
London Bans the Opening of New Coal Mines in the United Kingdom
Boralex: Results Decline in Q3 2024 Despite Strategic Advancements
Alcazar Energy partners with Egypt for a 2 GW wind project

Recently published in

France: Primagaz urged to address massive customer service failures

Hundreds of complaints highlight major failures at Primagaz due to a change in its IT system. The Energy Ombudsman demands immediate action to protect affected consumers.
Boralex: Results Decline in Q3 2024 Despite Strategic Advancements
Despite a 3% drop in production for the third quarter of 2024, Boralex is pushing forward with new strategic renewable energy projects and strengthening its operational resilience.
en_1140458540
Boralex: Results Decline in Q3 2024 Despite Strategic Advancements
Despite a 3% drop in production for the third quarter of 2024, Boralex is pushing forward with new strategic renewable energy projects and strengthening its operational resilience.
en_1140458540
Schneider Electric: Olivier Blum leads from Dubai to boost emerging markets
The new CEO of Schneider Electric, Olivier Blum, moves to Dubai to oversee growth in India and the Middle East, strategic regions for the company's energy and digital transition efforts.
en_1140468540
Schneider Electric: Olivier Blum leads from Dubai to boost emerging markets
The new CEO of Schneider Electric, Olivier Blum, moves to Dubai to oversee growth in India and the Middle East, strategic regions for the company's energy and digital transition efforts.
en_1140468540
TotalEnergies: at COP29, Patrick Pouyanné advocates progress “step by step”
At COP29, TotalEnergies CEO Patrick Pouyanné defended the oil industry's commitment to reducing methane emissions, emphasizing the importance of gradual progress in addressing the climate crisis.
en_1140455540
TotalEnergies: at COP29, Patrick Pouyanné advocates progress “step by step”
At COP29, TotalEnergies CEO Patrick Pouyanné defended the oil industry's commitment to reducing methane emissions, emphasizing the importance of gradual progress in addressing the climate crisis.
en_1140455540

Vallourec: stable net income despite declining sales in Q3 2024

The French industrial giant Vallourec reported a slight drop in net income to €73 million in Q3 2024. This stability is attributed to its premiumization strategy and strong margins despite challenging market conditions.
Nexans sets ambitious financial goals driven by electrification
Nexans aims for increased financial performance by 2028, supported by significant investments in global electrification and a strategy focused on energy transition and recycling.
en_1140439540
Nexans sets ambitious financial goals driven by electrification
Nexans aims for increased financial performance by 2028, supported by significant investments in global electrification and a strategy focused on energy transition and recycling.
en_1140439540
Masdar and KESH join forces to transform Albania’s energy strategy
Masdar and KESH sign a strategic partnership to develop large-scale renewable energy projects, positioning Albania as a key player in the European energy market.
en_1140417540
Masdar and KESH join forces to transform Albania’s energy strategy
Masdar and KESH sign a strategic partnership to develop large-scale renewable energy projects, positioning Albania as a key player in the European energy market.
en_1140417540
Orlen invests $850 million to modernize Poland’s energy network
Polish energy giant Orlen partners with the European Investment Bank to modernize its energy distribution network, aiming to integrate renewable solutions and strengthen operational efficiency.
en_1140386540
Orlen invests $850 million to modernize Poland’s energy network
Polish energy giant Orlen partners with the European Investment Bank to modernize its energy distribution network, aiming to integrate renewable solutions and strengthen operational efficiency.
en_1140386540

The EIP fund increases its share to 10% in Plenitude, Eni’s green division

The Energy Infrastructure Partners (EIP) fund strengthens its investment in Plenitude, Eni's renewable energy subsidiary, valued at over 10 billion euros, to support its strategic growth.
Halliburton faces profit drop in North America in the third quarter
In the third quarter, Halliburton reports a 20% drop in net profit, mainly impacted by a cyberattack and slowing demand in North America, its key market.
en_1140371540
Halliburton faces profit drop in North America in the third quarter
In the third quarter, Halliburton reports a 20% drop in net profit, mainly impacted by a cyberattack and slowing demand in North America, its key market.
en_1140371540
Results Down for Energias de Portugal Despite the “Renewables” Bet
Energias de Portugal (EDP) posts a 37% drop in profits for the third quarter of 2024. The Portuguese group nevertheless continues its investments in renewable energies to support its energy transition.
en_1140374540
Results Down for Energias de Portugal Despite the “Renewables” Bet
Energias de Portugal (EDP) posts a 37% drop in profits for the third quarter of 2024. The Portuguese group nevertheless continues its investments in renewable energies to support its energy transition.
en_1140374540
Enel reports a profit of 5.9 billion euros despite falling energy prices
The Italian energy giant Enel announces a 38% increase in net profit over nine months, reaching 5.9 billion euros, despite a context of falling electricity prices.
en_1140341540
Enel reports a profit of 5.9 billion euros despite falling energy prices
The Italian energy giant Enel announces a 38% increase in net profit over nine months, reaching 5.9 billion euros, despite a context of falling electricity prices.
en_1140341540

Nexans creates Lynxeo, a dedicated entity for its industrial cables

Cable manufacturer Nexans announces the creation of Lynxeo, a distinct entity for its industrial cable business, aiming for greater clarity and market visibility.
The world’s largest battery manufacturers unite for a sustainable supply chain
The Global Battery Alliance reveals the results of a collaborative project involving the world’s largest battery manufacturers to harmonize transparency and sustainability in the battery supply chain.
en_1140347540
The world’s largest battery manufacturers unite for a sustainable supply chain
The Global Battery Alliance reveals the results of a collaborative project involving the world’s largest battery manufacturers to harmonize transparency and sustainability in the battery supply chain.
en_1140347540
Engie targets the top of its 2024 forecasts after strong quarterly performance
Engie targets the top of its 2024 forecasts after strong quarterly performance
en_1140349540
Engie targets the top of its 2024 forecasts after strong quarterly performance
Engie targets the top of its 2024 forecasts after strong quarterly performance
en_1140349540
Akastor strengthens its stake in AKOFS Offshore by acquiring Mitsui’s shares
Akastor ASA acquires Mitsui's shares in AKOFS Offshore for USD 22.5 million, increasing its stake to 75% and consolidating its position in the subsea intervention sector.
en_1140303540
Akastor strengthens its stake in AKOFS Offshore by acquiring Mitsui’s shares
Akastor ASA acquires Mitsui's shares in AKOFS Offshore for USD 22.5 million, increasing its stake to 75% and consolidating its position in the subsea intervention sector.
en_1140303540

Uniper repays 530 million euros to the German state, marking the start of public disinvestment

Struggling in 2022, German energy company Uniper initiates a 530 million euro repayment to the German state. This payment represents a significant step toward reducing public influence within the company.
Refining Margins Decline: ExxonMobil and Chevron Focus on Shareholders
ExxonMobil and Chevron’s quarterly results reveal pressure on refining margins, partially offset by increased volumes and significant shareholder support.
en_1140219540
Refining Margins Decline: ExxonMobil and Chevron Focus on Shareholders
ExxonMobil and Chevron’s quarterly results reveal pressure on refining margins, partially offset by increased volumes and significant shareholder support.
en_1140219540
ADNOC integrates autonomous AI to optimize energy operations
ADNOC, the national oil company of the United Arab Emirates, deploys autonomous artificial intelligence to optimize operations, reduce costs, and enhance energy efficiency.
en_1140237540
ADNOC integrates autonomous AI to optimize energy operations
ADNOC, the national oil company of the United Arab Emirates, deploys autonomous artificial intelligence to optimize operations, reduce costs, and enhance energy efficiency.
en_1140237540
TotalEnergies: Global Oil Demand to Peak Post-2030, Diverging from BP’s Forecast
TotalEnergies projects a peak in global oil demand after 2030, influenced by population growth and infrastructure shortfalls, contrasting with BP's earlier forecast.
en_1140240540
TotalEnergies: Global Oil Demand to Peak Post-2030, Diverging from BP’s Forecast
TotalEnergies projects a peak in global oil demand after 2030, influenced by population growth and infrastructure shortfalls, contrasting with BP's earlier forecast.
en_1140240540

Schneider Electric: departure of CEO Peter Herweck after strategic disagreements

Schneider Electric announced the sudden departure of its CEO Peter Herweck, who had been in office since May 2023, due to disagreements over the company’s strategy. Olivier Blum takes over immediately.
Schneider Electric, Rexel, Sonepar and Legrand fined 470 million euros for anticompetitive collusion
The French Competition Authority has imposed fines totaling 470 million euros on Schneider Electric, Rexel, Sonepar, and Legrand for collusion in the low-voltage electrical equipment sector. These sanctions represent a strong response against market manipulation.
en_1140207540
Schneider Electric, Rexel, Sonepar and Legrand fined 470 million euros for anticompetitive collusion
The French Competition Authority has imposed fines totaling 470 million euros on Schneider Electric, Rexel, Sonepar, and Legrand for collusion in the low-voltage electrical equipment sector. These sanctions represent a strong response against market manipulation.
en_1140207540
Volvo Cars to Buy Northvolt’s Stake in Their Novo Energy Joint Venture
Faced with Northvolt’s financial difficulties, Volvo Cars is buying out its partner’s stake in the Novo Energy joint venture, initially created to produce batteries for electric vehicles. Volvo is now seeking a new partner.
en_1140208540
Volvo Cars to Buy Northvolt’s Stake in Their Novo Energy Joint Venture
Faced with Northvolt’s financial difficulties, Volvo Cars is buying out its partner’s stake in the Novo Energy joint venture, initially created to produce batteries for electric vehicles. Volvo is now seeking a new partner.
en_1140208540
Nexans confirms its forecasts and announces new strategy for November
Nexans, the French specialist in industrial cables, confirms its financial outlook for 2024, with a strategic announcement scheduled for November 13 to outline its future and priorities in the energy sector.
en_1140209540
Nexans confirms its forecasts and announces new strategy for November
Nexans, the French specialist in industrial cables, confirms its financial outlook for 2024, with a strategic announcement scheduled for November 13 to outline its future and priorities in the energy sector.
en_1140209540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS