Tag: TotalEnergies

TotalEnergies Inaugurates its Largest Solar Field in Europe

Stuart Mitchell

TotalEnergies inaugurates its largest solar power plant cluster in Europe, near Sevilla in Spain. It consists of five solar projects with a total installed capacity of 263 MW. This solar field will produce 515 GWh per year of renewable electricity, equivalent to the consumption of over 150,000 Spanish households, and will avoid 245,000 tons of CO2 emissions per year. Most of the electricity produced will be sold through long-term power purchase agreements (PPAs) and the rest will be sold on the wholesale market. Declared of strategic interest by the Junta de Andalucía,…

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TotalEnergies publishes its Sustainability & Climate 2025 Progress Report and further strengthens its emissions reduction targets

Stuart Mitchell

TotalEnergies publishes its Sustainability & Climate – 2025 Progress Report, which presents the progress of its transition strategy. This report completes the sustainability report that will be integrated into the Universal Registration Document in application of the CSRD. TotalEnergies sees, in 2024, the rewards of its integrated and balanced multi-energy strategy This strategy, which combines profitable growth and sustainable development, is anchored on two pillars: oil & gas (notably LNG) and electricity (notably renewable), the energy at the heart of the transition. It proved its relevance once again this year:…

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TotalEnergies and RWE join forces on green hydrogen to decarbonize the Leuna refinery

Stuart Mitchell

In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has signed an agreement with the German developer RWE to supply 30,000 tons a year of green hydrogen to the German Leuna refinery for fifteen years, beginning in 2030. The green hydrogen will be produced by a 300 MW electrolyzer, built and operated by RWE in Lingen. Green hydrogen storage will be provided locally. The green hydrogen will be delivered by a 600 km pipeline to the gates of the refinery and will prevent…

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TotalEnergies Implements its Strategy of Capital Recycling with an Acquisition in Germany and a Farm Down in the US

Stuart Mitchell

TotalEnergies announces the signing of an agreement with Partners Group, one of the largest firms in the global private markets industry, for the acquisition of VSB Group, a Germany based renewable energy project developer for a consideration of €1.57 billion (equity value and shareholder loan). On another side in line with its Integrated Power business model, TotalEnergies has signed an agreement with funds managed by Apollo (NYSE: APO) for the sale of 50% of a portfolio of 2 GW solar and battery energy storage systems (BESS) projects located in Texas.…

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bp, Equinor, Shell and TotalEnergies join forces to help increase access to energy

Stuart Mitchell

bp, Equinor, Shell and TotalEnergies announce a commitment to invest in support of the UN Sustainable Development Goal 7 (UN SDG7), which aims to ensure access to affordable, reliable, sustainable, and modern energy for all. The four energy majors have come together with a $500 million joint investment commitment, intended to create positive energy access impact for people in key regions over the coming years. A growing number of people without access to electricity and clean cooking Despite ongoing efforts, progress towards universal energy access has stalled, particularly amidst recent…

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