SUBSCRIBE
PROFILE

TotalEnergies expands its Energy Empire in Texas

TotalEnergies embarks on a strategic acquisition of 1.5GW of gas-fired power plants in Texas.

Share:

Stratégie Énergétique Intégrée de TotalEnergies

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90$/month

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99$/year

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Sign up for free to unlock this article

In an ambitious move to strengthen its presence in the energy market, TotalEnergies recently signed an agreement to acquire gas-fired power plants worth $635 million.

Key gas-fired power plants in the Agreement

The transaction involves three gas-fired power plants with a total capacity of 1.5 gigawatts (GW) located in a southern U.S. state. These installations are connected to ERCOT (Electric Reliability Council of Texas).
The first facility, Wolf Hollow I, is a 745MW combined-cycle gas turbine (CCGT) power plant located on the outskirts of a major Texas city. The second, Colorado Bend I, with a 530MW CCGT and a 74MW open-cycle gas turbine (OCGT), is located south of another major Texas city. The third, in La Porte, includes a 150MW OCGT and is located southeast of the same Texas city.

Impact and Importance of New Acquisitions

These flexible assets, strategically positioned near two major metropolises, will meet the growing demand for energy in these cities. They will also compensate for the intermittent nature of renewable energy production. The addition of 1.5GW of flexible generation capacity acquired by TotalEnergies will complete its renewable energy capacity in Texas.

TotalEnergies’ commitment to Sustainable Energy

This latest acquisition underscores TotalEnergies’ commitment to providing more available, affordable and sustainable energy to ERCOT’s 26 million customers in Texas. In affet, Stephane Michel, President Gas, Renewables & Power at TotalEnergies, expressed his enthusiasm about the agreement signed with TexGen.
Michel also pointed out that this acquisition will contribute positively to the company’s profitability objective, with a return on capital employed (ROACE) of 12% by 2028 for its Integrated Power business segment. Completion of this transaction remains subject to the approval of the relevant authorities.

TotalEnergies’ acquisition of gas-fired power plants in Texas represents a strategic milestone in the evolution of its integrated business model.

  • Popular on energynews.pro
China redefines electric vehicle strategy around technological innovation
IAEA: Iran held 440.9 kg at 60% before Israeli strikes
Shell halts its biofuels plant in Rotterdam amid strategic trade-off
NANO Nuclear secures $1.25mn contract for KRONOS MMR microreactor
Van Oord completes installation of 109 cables at Sofia offshore wind farm
TotalEnergies confirms imminent investment decision for new LNG train in Texas
The Chief Executive Officer of TotalEnergies said that NextDecade would formalise on Tuesday a final investment decision for a new liquefaction unit under the Rio Grande LNG project in the United States.
McDermott wins major contract for $25bn gas liquefaction unit in Louisiana
Monkey Island LNG has awarded McDermott the design of a gas terminal with a potential capacity of 26 MTPA, using a modular format to increase on-site output density and reduce execution risks.
Two sanctioned Russian LNG carriers deliver to China despite restrictions
The Voskhod and Zarya vessels, targeted by Western sanctions, departed China’s Beihai terminal after potentially offloading liquefied natural gas from the Arctic LNG 2 project.
ADNOC Gas joins FTSE Emerging Index, unlocking up to $250mn in investments
ADNOC Gas will join the FTSE Emerging Index on September 22, potentially unlocking up to $250mn in liquidity, according to market projections.
BlueNord lowers Tyra production guidance for Q3 2025
Norwegian company BlueNord has revised downward its production forecasts for the Tyra gas field for the third quarter, following unplanned outages and more impactful maintenance than anticipated.
Monkey Island LNG integrates ConocoPhillips technology in strategic agreement
Monkey Island LNG adopts ConocoPhillips' Optimized Cascade® process for its 26 MTPA terminal in Louisiana, establishing a technology partnership focused on operational efficiency and competitive gas export pricing.
NextDecade signs 20-year LNG deal with EQT for 1.5 MTPA from Train 5
NextDecade has signed a liquefied natural gas supply agreement with EQT for 1.5 million tonnes annually from Rio Grande LNG Train 5, pending a final investment decision.
Sawgrass LNG extends supply contract with Barbados until 2030
Sawgrass LNG & Power has renewed its liquefied natural gas supply agreement with state-owned BNECL, consolidating a commercial cooperation that began in 2016.
Gazprom and CNPC seal binding agreement for the Power of Siberia 2 project
Gazprom and China National Petroleum Corporation have signed a binding memorandum to build the Power of Siberia 2 pipeline, set to deliver 50 bcm of Russian gas per year to China via Mongolia.
Permex Petroleum secures option to acquire 50 wells to power Bitcoin mining
Permex Petroleum signed a $3 million purchase option on oil and gas assets in Texas to support a strategy combining energy production and Bitcoin mining.
Enbridge deploys two new gas projects for 2.8 Bcf/d in the United States
Enbridge announces the implementation of two major natural gas transmission projects aimed at strengthening regional supply and supporting the LNG market.
Commonwealth LNG secures final non-FTA export authorization
Commonwealth LNG’s Louisiana liquefied natural gas project clears a decisive regulatory step with final approval from the U.S. Department of Energy for exports to non-free trade agreement countries.
Indonesia secures supply of 10 LNG cargoes for September
The Indonesian government confirmed the delivery of nine to ten liquefied natural gas cargoes for domestic demand in September, without affecting long-term export commitments.
Egypt commits $343mn to new gas drilling to support supply
The Egyptian government signs four exploration agreements for ten gas wells, allocating $343mn to limit the impact of the rapid decline in national production.
Hungary receives over 5 bn m³ of Russian gas via TurkStream in 2024
Hungary has imported over 5 billion cubic metres of Russian natural gas since January via TurkStream, under its long-term agreements with Gazprom, thereby supporting its national energy infrastructure.
United States clears Rio Grande and Commonwealth LNG toward final decisions
U.S. regulators have approved two major milestones for Rio Grande LNG and Commonwealth LNG, clarifying their investment decision timelines and reinforcing the country’s role in expanding global liquefaction capacity.
Hokkaido Gas readies 2027: LNG tender and volumes
Hokkaido Gas is adjusting its liquefied natural gas procurement strategy with a multi-year tender and a long-term agreement, leveraging Ishikari’s capacity and price references used in the Asian market. —
KOGAS signs 3.3 mtpa of US LNG for ten years starting in 2028
Korea Gas Corporation commits to 3.3 mtpa of US LNG from 2028 for ten years, complementing new contracts to cover expired volumes and diversify supply sources and price indexation.
Bangladesh finalises memorandum with Aramco for LNG supply deals
Petrobangla plans to sign a memorandum with Saudi Aramco to secure liquefied natural gas deliveries under a formal agreement, following a similar deal recently concluded with the Sultanate of Oman.
CTCI wins TWD29.6bn contract for LNG regasification unit at Kaohsiung
CTCI strengthens its position in Taiwan with a new EPC contract for a regasification unit at the Kaohsiung LNG terminal, with a capacity of 1,600 tonnes per hour.

Log in to read this article

You'll also have access to a selection of our best content.