United States: TotalEnergies Acquires 1.5 GW Flexible Power Generation Capacity in Texas
13 Novembro 2023 - 4:28AM
Business Wire
Regulatory News:
As part of its development as an integrated power player,
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed an
agreement with TexGen, a U.S.-based company to acquire for $635
million three gas-fired power plants with a total capacity of 1.5
GW in Texas.
The three plants, which are connected to ERCOT (Electric
Reliability Council of Texas), the second largest power market in
the United States, consist of the following:
- The Wolf Hollow I plant with a 745 MW
combined-cycle gas turbine (CCGT) plant on the outskirts of
Dallas.
- The Colorado Bend I plant with a 530 MW CCGT and
a 74 MW open-cycle gas turbine (OCGT), south of Houston,
provides additional flexibility to meet exceptionally high demand,
especially in the summer.
- The La Porte site with a 150 MW OCGT, southeast
of Houston.
These flexible assets, located close to Dallas and Houston, will
serve the fast-growing energy demand of these cities and will allow
to offset the intermittency of renewable power production. Their
importance was recently highlighted during weather events that
impacted power generation from renewable assets in Texas or led to
high seasonal peak demand.
The 1.5 GW additional flexible production capacity acquired by
TotalEnergies will complement its renewable capacity in Texas –
currently 2 GW gross installed, 2 GW under construction and more
than 3 GW under development – and will strengthen its trading
capabilities in the gas and power markets.
This latest acquisition reinforces TotalEnergies’ commitment to
delivering energy that is more available, affordable, and
sustainable for the 26 million ERCOT customers across Texas.
"We are delighted with the agreement signed with TexGen to
acquire 1.5 GW of CCGT in ERCOT. After the signing of several
corporate PPA over the last couple of years and the recent start-up
of the utility-scale Myrtle solar plant, this deal is a major
milestone for our Integrated Power strategy in the ERCOT market.
These plants will enable us to complement our renewable assets,
intermittent by nature, provide our customers with firm power, and
take advantage of the volatility of electricity prices”, said
Stephane Michel, President Gas Renewables & Power at
TotalEnergies. “This acquisition will contribute positively to our
profitability target of 12% ROACE by 2028 for our Integrated Power
business segment.”
This transaction remains subject to approval by the relevant
authorities.
***
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, more sustainable, 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.
@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 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).
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231112703949/en/
TotalEnergies Corporate Media Relations: +33 (0)1 47 44
46 99 l presse@totalenergies.com l @TotalEnergiesPR Investor
Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
TotalEnergies (NYSE:TTE)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
TotalEnergies (NYSE:TTE)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024