Solar Park: 2.2 GW more for Total in the United States

solar-texas

Total’s U.S. solar fleet is set to expand, with the company announcing on February 5 that it has acquired an additional 2.2 GW in Texas. This is in addition to 600 MW of battery storage assets also in Texas. Following the announcement of a joint venture in solar energy with the American company 174 Power Global, Total is expanding its portfolio with SunChase Power and MAP RE/ES.

Total’s U.S. solar fleet expands by 2.2 GW

Total will expand its U.S. solar fleet with an additional 2.2 GW of solar projects. These are being acquired from SunChase Power, an energy project developer, and MAP RE/ES, a private investment company. The compensation paid by Total to these two companies will be staggered as the projects progress.

Construction to begin in 2021

The portfolio consists of four large-scale solar projects, each with battery energy storage systems. Located in industrial areas near Houston, the first two projects are scheduled to begin construction in 2021. The other two will be commissioned between 2023 and 2024.

Total Commits to the U.S. Energy Transition

Total has also committed to purchase 1 GW from this portfolio to cover the electricity consumption of its U.S. industrial sites. These include the Port Arthur refining and petrochemical platform and the La Porte and Carville petrochemical sites. This is also in line with the group’s ambitions to be carbon neutral by 2050.

35 GW in the United States by 2025

For Patrick Pouyanné, CEO of Total, this investment in the U.S. solar park reflects Total’s commitment to meeting the challenges of energy transition. In this sense, Total is already developing nearly 4 GW of renewable energy production capacity in the United States. The ultimate goal is to reach 35 GW in operation by 2025.

Finally, this investment in the U.S. solar farm is a testament to Total’s green energy ambitions. Total wants to assert its position as a world leader in renewable energies.

Dans cet article :

Articles qui pourraient vous intéresser

Rising oil prices in the face of earthquakes and the Chinese recovery

The oil market reacted to increased demand in Turkey due to earthquakes and a recovery in Chinese demand. Brent and WTI prices rose by 2.30% and 2.46% respectively. This situation allows the oil industry to envisage a recovery that favors sustainable development.

IPC announces the acquisition of Cor4 Oil Corp

The shareholders of IPC and Cor4 have announced the proposed acquisition of Cor4 Oil Corporation by IPC for approximately C$84 million. The transaction is completed by increasing earnings on the Suffield property and developing the additional assets, while obtaining regulatory and shareholder approval.

MPC Energy Solutions: new solar power plants in El Salvador

MPC Energy Solutions has announced the start of operations at its Santa Rosa and Villa Sol solar power plants in El Salvador. These projects will produce 45.7 GWh of solar energy per year, avoiding 11,000 tons of CO2 emissions per year.

BP completes purchase of Archaea Energy

BP is finalizing the purchase of Archaea Energy, a leading supplier of renewable natural gas (RNG) in the United States. This marks an important step in the growth of its strategic bioenergy business.

Already have an account? connect here.

Continue reading

Unlimited access

1€ per week without commitment
Billed per month
  • Enjoy unlimited access to the latest industry news. Cancel online at any time.

Limited articles per month

Free
  • Access some of our articles and customize your newsletters according to your interests.

No commitment is required, you can cancel at any time.
Your payment method will be automatically debited in advance every 4 weeks. All subscriptions are automatically renewed. You can cancel at any time. Other restrictions and taxes may apply. Offers and prices are subject to change without notice.