Paris, 2nd February 2023 – TotalEnergies 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. This performance is the result of a strong development strategy based on a multi-energy approach to support its B2B customers in their energy transition through the solarization of their sites.
TotalEnergies 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. Ensuring a high level of service, its presence in 30 countries allows the Company 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.
“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.
This good result shows the trust that has been established between our customers and TotalEnergies’ experts. The professionalism of our teams, located in different regions of the world, ensures a quality of listening and service recognized by our customers. 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.” said Matthieu Langeron, VP Solar Distributed Generation at TotalEnergies.
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 2022, TotalEnergies’ gross renewable electricity generation installed capacity was 17 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.
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.
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).