PARIS (Reuters) – TotalEnergies announced on Sunday that it had exceeded 1.5 gigawatts (GW) of long-term contracts for the production and supply of solar electricity on sites for businesses, which the group has concluded with around 600 industrial and commercial customers in the world.
These PPA (Power purchase agreement) type contracts target sectors such as the automobile, agri-food, textile, cement and steel industries, the French oil and gas company, also very present in renewable energies.
TotalEnergies develops, finances, builds and operates solar panels installed on roofs, shade houses or vacant industrial land, for its customers’ self-consumption but also to inject electricity into the networks.
The group argues that its on-site solar production PPAs, with an average duration of 20 years, give its customers the guarantee of predictable prices – 20% to 45% lower than current prices depending on the country – while limiting their carbon footprint.
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Matthieu Langeron, director of renewable production on B2B sites at TotalEnergies, specified that the group was targeting a capacity of between 8 and 9 GW in the field of solar on sites by 2030, or a little less than 10% of the objective. global gross renewable capacity of 100 GW, as well as profitability (ROACE) around the 12% targeted for its entire “Integrated Power” branch.
“Across all of our sites around the world, our production represents approximately 20% of our customers’ consumption. This on-site solarization solution is often the first stone in the building of their decarbonization,” a- he told journalists, emphasizing that this model was easier and quicker to implement than contracts backed by large solar or wind farms.
TotalEnergies, which is its first customer in terms of on-site solar production, specified that Asia currently represented around 60% of its capacities in this area, the United States and Europe 15% each, and the Middle East and Africa 10%.
(Reporting by Benjamin Mallet, editing by Kate Entringer)
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