Spain: Total to Enter Into the Solar Market With a Pipeline of 2 GW of Projects
11 Fevereiro 2020 - 07:15AM
Business Wire
Regulatory News:
Total (Paris:FP) (LSE:TTA) (NYSE:TOT), through its
wholly owned affiliate Total Solar International, establishes its
presence on the Spanish solar market through two agreements with
Powertis and Solarbay Renewable Energy and to develop nearly 2
gigawatts (GW) of solar projects.
“Spain benefits from a solar resource that is unparalleled in
Europe. Its photovoltaic market is one of the most dynamic in
Europe, with an expected capacity increase from 6 GW to nearly 40
GW by 20301. Total is pleased to enter on this fast-growing
market through partnerships with local developers,” said Julien
Pouget, Senior Vice President Renewables at Total.
- Establishment of a Joint Venture with Powertis with an
Initial 800 MW Portfolio of Projects
Total Solar International and Powertis, a developer of
utility-scale solar plants in Europe and South America, have agreed
to establish a joint venture (65%/35%) to develop solar PV projects
in Spain. Powertis will bring to this joint venture a pipeline of
800 MW of early stage projects and the JV will develop further new
projects as well.
- Acquisition of a 1.2 GW Portfolio of Projects developed by
Solarbay
Total Solar International has signed an agreement to acquire
100% of a portfolio of solar PV projects which are being developed
by the spanish company Solarbay. The projects, which will be
located in the regions of Andalusia, Aragon and Castile-La Mancha,
represent a cumulative capacity of up to 1.2 GW.
The first project of these pipelines is set to begin operations
by the end of 2020, with the ambition that all projects of both
portfolios will be in service in 2023. Success fees will be paid by
Total to Solarbay and Powertis along the steps of development of
the projects.
Total and Low-Carbon Electricity
Total integrates climate change into its strategy and is staying
ahead of new energy market trends by building a portfolio of
low-carbon businesses that could account for 15 to 20% of its sales
by 2040. Total's gross low-carbon power generation capacity
worldwide is currently close to 7 gigawatts, of which 3 gigawatts
from renewable energies.
Total actively contributes to the growth of solar energy
worldwide by designing and operating utility-scale power plants and
supplying industrial and commercial customers with solar energy
generated at their sites.
About Total
Total is a major energy player that produces and markets fuels,
natural gas and low-carbon electricity. Our 100,000 employees are
committed to better energy that is safer, more affordable, cleaner
and accessible to as many people as possible. Active in more than
130 countries, our ambition is to become the responsible energy
major.
* * * * *
Cautionary note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TOTAL S.A. directly or indirectly owns investments are separate
legal entities. TOTAL S.A. has no liability for their acts or
omissions. In this document, the terms “Total”, “Total Group” and
Group are sometimes used for convenience. Likewise, the words “we”,
“us” and “our” may also be used to refer to subsidiaries in general
or to those who work for them.
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 TOTAL S.A. 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
---------
1 Plan Nacional Integrado de Energia y Clima 2021-2030.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200211005466/en/
Total Media Relations: +33 1 47 44 46 99 l
presse@total.com l @TotalPress Investor Relations: +44 (0)207 719
7962 l ir@total.com
Totalenergies (LSE:TTE)
Gráfico Histórico do Ativo
De Fev 2024 até Mar 2024
Totalenergies (LSE:TTE)
Gráfico Histórico do Ativo
De Mar 2023 até Mar 2024