FRANKFURT/LONDON : Oil majors BP and TotalEnergies emerged as the winners in a 7 gigawatt (GW) offshore wind site auction in Germany worth 12.6 billion euros ($13.96 billion), highlighting the appeal of renewable assets across Europe. The move comes as European oil giants seek to grow their low-carbon businesses by entering the renewables sector, a […]
Total, Air Liquide Invest in $1.7 Billion Green Hydrogen Fund
TotalEnergies SE, Air Liquide SA and Vinci SA pledged to contribute 100 million euros ($116 million) each to a fund created by Ardian SAS and FiveT Hydrogen that aims to invest 1.5 billion euros in clean hydrogen infrastructure. The commitments are the latest sign of the growing interest in the carbon-free fuel. Nations have pledged […]
Total Makes Big Clean Energy Moves in Taiwan and Europe
Total is acquiring a 23% stake in Tawian’s Yunlin Holding GmbH, which owns an offshore wind farm being built off the coast of Taiwan, 200km southwest of Taipei. Also, the energy giant has entered into a €515 million ($620.9 million) deal with EDP, thereby acquiring around 2.5 million residential contracts in Spain. By investing heavily […]
Total to Acquire Stake in 640 MW Offshore Wind Project in Taiwan
Planned to be completed in 2022, the project is anticipated to produce 2.4TWh of renewable electricity per year. Total has reached an agreement with Germany-based wpd to acquire a 23% stake in Yunlin Holding, which owns the Yunlin offshore wind farm, located off the coast of Taiwan. The offshore wind farm is currently owned by […]
Total to acquire stake in offshore wind farm in Taiwan
France-based energy company Total has signed an agreement with wind project developer wpd to acquire a 23% interest in Yunlin Holding. Yunlin Holding is the owner of the 640MW Yunlin offshore wind farm in Taiwan. For the acquisition, Total has agreed to pay a consideration to wpd based on its share of past costs. wpd […]
Uzbekistan shortlists Five Bidders in Final Phase of Uzbekistan’s 200 MW Solar Tender
Uzbekistan shortlists Five Bidders in Final Phase of Uzbekistan’s 200 MW Solar Tender RFP – BID OPENING OF ENVELOPE I (LEGAL, TECHNICAL AND COMMERCIAL PROPOSALS) Program Name Uzbekistan Solar Program Project Name Sherabad Solar PV Project Uzbekistan (the “Project”) This public announcement is made in accordance with Article 19 of the Public Procurement Law. In […]
Total sells wind and solar farm stakes to Credit Agricole and Banque des Territoires
TOTAL-M&A/RENEWABLES (URGENT)Total sells wind and solar farm stakes to Credit Agricole and Banque des Territoires PARIS: French energy group Total has agreed to sell off stakes in some wind and solar farms to Credit Agricole Assurances and Banque des Territoires, in deals which Total said would boosts its cash flow and return on equity. Total […]
Total Farms Down 2 Portfolios of Renewable Assets in France to Banque des Territoires and Crédit Agricole Assurances
In line with its business model for the development of its renewables business, Total (Paris:FP) (LSE:TTA) (NYSE:TOT), through Total Quadran – its 100% renewable electricity production subsidiary in France, farms down respectively to Banque des Territoires and Crédit Agricole Assurances half of its equity in two portfolios of renewable projects. Crédit Agricole Assurances acquires a 50% […]
Total speeds up renewables push with $2.5 bln investment in Indian solar power
For its investment, Total will get a 20% stake in AGEL and a seat on its board, as well as a 50% share in the Indian firm’s portfolio of solar power assets, the French firm said. Total is paying $2.5 billion for a share in Indian renewable energy firm Adani Green Energy Limited (AGEL) and […]
Total adds to renewable gas push with Fonroche acquisition
It gave no financial details for the Fonroche purchase. Total aims to produce 1.5 terawatt-hours of biomethane a year by 2025, the group said in a statement PARIS: French oil group Total said on Monday it had acquired Fonroche Biogaz, a leading producer of renewable gas in France with nearly 500 gigawatt-hours of installed capacity. […]