United States: TotalEnergies Starts Up in Texas a 380 MW Utility-Scale Solar Power Plant with Battery Storage
24 Outubro 2023 - 3:30AM
Business Wire
Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has started
commercial operations of Myrtle Solar, its utility-scale operated
solar farm in the United States.
Located south of Houston, Texas, Myrtle has a capacity of 380
megawatts peak (MWp) of solar production and 225 MWh of co-located
batteries. With 705,000 ground-mounted photovoltaic panels
installed over an area equivalent to 1,800 American football
fields, Myrtle produces enough green electricity to cover the
equivalent consumption of 70,000 homes.
70% of Myrtle’s capacity will supply green electricity to the
Company’s industrial plants in the U.S. Gulf Coast region. It is
part of the Company’s “Go Green” Project, which will enable the
Company to cover, by 2025, the power needs and curtail the Scope
1+2 emissions of its industrial sites in Port Arthur and La Porte
in Texas, and Carville in Louisiana.
The remaining 30% of Myrtle’s capacity will supply green
electricity to Kilroy Realty, a publicly traded real estate
company, under a 15-year corporate power purchase agreement (CPPA)
indexed on merchant prices.
In addition to the photovoltaic installations, the solar power
plant also features battery energy storage equipment to meet the
need for grid stabilization. With a total capacity of 225 MWh, this
storage is made of 114 high-tech Energy Storage Systems (ESS)
containers designed and assembled by TotalEnergies' affiliate Saft,
which develops cutting-edge industrial batteries.
The Myrtle project, which benefits from the IRA (Inflation
Reduction Act) Tax Credit mechanisms, will positively contribute to
TotalEnergies’ Integrated Power’s profitability target of 12%.
“We are very proud to start up Myrtle, TotalEnergies’
largest-to-date operated utility-scale solar farm with storage in
the United States. This startup is another milestone in achieving
our goal to build an integrated and profitable position in Texas,
where ERCOT is the main electrical grid operator. Besides, the
project will enable the Company to cover the power needs of some of
its biggest U.S. industrial sites with electricity from a renewable
source,” said Vincent Stoquart, Senior Vice President,
Renewables at TotalEnergies. “Given the advantages that IRA tax
exemptions are generating, we will continue to actively develop our
25 GW portfolio of projects in operation or development in the
United States, to contribute to the Company’s global power
generation target of more than 100 TWh by 2030.”
*Myrtle was initially developed by SunChase
Power and Eolian
TotalEnergies in the U.S Operating in the United States
since 1957, TotalEnergies is focused on identifying opportunities
to meet growing energy needs while reducing carbon emissions. With
a presence in more than 30 U.S. states, the Company is developing
an integrated portfolio combining 25 GW of operated and
non-operated solar and wind projects, storage, and trading. It is
also the number one U.S. exporter of LNG, a critical partner for
intermittent renewable energies.
TotalEnergies and electricity As part of its ambition to
get to net zero by 2050, TotalEnergies is building a world class
cost-competitive portfolio combining renewables (solar, onshore and
offshore wind) and flexible assets (CCGT, storage) to deliver clean
firm power to its customers. In 2022, TotalEnergies generated more
than 33 TWh of electricity, and had a gross renewable electricity
generation installed capacity of 17 GW. TotalEnergies will continue
to expand this business to grow its power generation to more than
100 TWh 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 nearly 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.
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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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