TotalEnergies and European Energy to Partner on Renewable Projects in Multiple Geographies
20 Setembro 2023 - 5:46AM
Business Wire
Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and European
Energy have agreed to jointly develop, build and operate in a 65/35
joint-venture at least four GW of onshore renewable projects in
multiple geographies.
The partnership aims to leverage both parties’ strengths:
TotalEnergies brings its strong experience in the construction and
operation of large-scale projects coupled with its capability to
market the offtake in merchant countries and its financial
robustness. European Energy has a proven track record in developing
greenfield projects and engaging successfully with
stakeholders.
“We are delighted to enter into this agreement with European
Energy which has developed a portfolio of asset in merchant
countries such or Spain where TotalEnergies is already active, and
which will enable us to accelerate our profitable growth. This
cooperation will build on the strength and complementarity of both
companies to bring value to these markets where our integrated
power strategy makes a lot of sense.” said Vincent Stoquart,
Senior Vice President, Renewables at TotalEnergies.
“The strategic cooperation that we will enter into with
TotalEnergies is a decisive step in moving forward the green
transition. With our extensive development pipeline and experience
in developing green field renewable projects and TotalEnergies’
experience and ambitions on renewable energy onshore and offshore,
this partnership sets a new milestone for the further acceleration
of the growth of our renewable energy capacity around the world,
said Knud Erik Andersen, Group CEO at European Energy.
This agreement is subject to the receipt of applicable
regulatory approvals from relevant authorities.
***
TotalEnergies and renewables electricity As part of its
ambition to get to net zero by 2050, TotalEnergies is building a
portfolio of activities in electricity and renewables. At the end
of July 2023, TotalEnergies' gross renewable electricity generation
installed capacity was 19 GW. TotalEnergies will continue to expand
this business to reach 35 GW of gross production capacity from
renewable sources and storage by 2025, and then 100 GW by 2030 with
the objective of being among the world's top 5 producers of
electricity from wind and solar energy.
About TotalEnergies TotalEnergies is a global
multi-energy company that produces and markets energies: oil and
biofuels, natural gas and green gases, renewables and electricity.
Our more than 100,000 employees are committed to energy that is
ever more affordable, cleaner, more reliable and accessible to as
many people as possible. Active in more than 130 countries,
TotalEnergies puts sustainable development in all its dimensions at
the heart of its projects and operations to contribute to the
well-being of people.
European Energy and offshore wind European Energy is
developing a portfolio of offshore wind projects primarily in the
Nordics.
About European Energy European Energy was founded in 2004
in Copenhagen. The company develops and constructs renewable energy
projects across the world. European Energy owns more than 1,4 GW of
renewable energy projects and has more than 60 GW of renewable
energy projects in its pipeline in 28 countries.
@TotalEnergies TotalEnergies TotalEnergies
TotalEnergies
Cautionary Note The terms “TotalEnergies”, “TotalEnergies
company” or “Company” in this document are used to designate
TotalEnergies SE and the consolidated entities that are directly or
indirectly controlled by TotalEnergies SE. Likewise, the words
“we”, “us” and “our” may also be used to refer to these entities or
to their employees. The entities in which TotalEnergies SE directly
or indirectly owns a shareholding are separate legal entities. This
document may contain forward-looking information and statements
that are based on a number of economic data and assumptions made in
a given economic, competitive and regulatory environment. They may
prove to be inaccurate in the future and are subject to a number of
risk factors. Neither TotalEnergies SE nor any of its subsidiaries
assumes any obligation to update publicly any forward-looking
information or statement, objectives or trends contained in this
document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the
most recent Universal Registration Document, the French-language
version of which is filed by TotalEnergies SE with the French
securities regulator Autorité des Marchés Financiers (AMF), and in
the Form 20-F filed with the United States Securities and Exchange
Commission (SEC).
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