TotalEnergies Mulls Over 1 GW Of Solar Power Development in 2023

French RE major TotalEnergies will be developing 1 GW of solar power in 2023 as the company has announced that it has reached a new milestone with the signature of 1 GW of green Power Purchase Agreements (PPAs) for self-consumption on the sites of its B2B customers.

TotalEnergies calls this performance the result of a development strategy based on a multi-energy approach to support its B2B customers in their energy transition through solarization of their sites.

“We are proud to have reached 1 GW of signed solar capacity with our B2B customers today. The deployment of this capacity to over 500 industrial and commercial sites will be completed by the end of 2023,” said Matthieu Langeron, VP Solar Distributed Generation at TotalEnergies.

TotalEnergies says that it offers attractive energy solutions adapted to all fields of activity, both in the private sector – particularly in the Mining, Cement, Retail and Agri-food market segments – and in the public sector. Its presence in 30 countries and good services allows TotalEnergies to be close to its customers in the Asia-Pacific region, China, the Middle East, Africa, Europe and the United States.

TotalEnergies sells to its B2B customers clean energy produced directly on their sites through long-term Power Purchase Agreements (PPAs). To this end, the Company develops, finances, builds, and operates solar panels installed on rooftops, carports, or vacant industrial land.

These solar solutions enable companies to benefit from significant savings on their bills, while greatly reducing their carbon footprint.

“Our organization enables us to meet the requirements of global, regional, and local key accounts with high-quality turnkey solutions. In a context of unstable and rising energy prices, we provide not only decarbonized energy but also visibility on energy prices as well as technical support throughout the duration of the PPA,” added Matthieu Langeron.

TotalEnergies also announced that it is selling 50% of a 234 MW portfolio of renewable projects to Crédit Agricole Assurances as part of its strategy of profitable growth in renewable energies. At the end 2022, its gross renewable electricity generation installed capacity is 17 GW.