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Total and 174 Global team up on US solar and energy storage projects

Published by , Assistant Editor
Energy Global,


Total and 174 Power Global, a wholly owned Hanwha Group affiliate, have signed an agreement to form a 50/50 joint venture (JV) to develop 12 utility-scale solar and energy storage projects of 1.6 GW cumulative capacity in the US, transferred from 174 Power Global’s development pipeline.

Total and 174 Power Global, a wholly owned Hanwha Group affiliate, have signed an agreement to form a 50/50 joint venture (JV) to develop 12 utility-scale solar and energy storage projects of 1.6 GW cumulative capacity in the US, transferred from 174 Power Global’s development pipeline.

The first project started production in 2020, and the remainder will be put on stream between 2022 and 2024. Located in Texas, Nevada, Oregon, Wyoming and Virginia the projects will produce clean and reliable energy across the US and lead to the creation of jobs in engineering, construction and plant operations.

The JV builds on a strong partnership that combines 174 Power Global’s extensive solar project development experience in the US with Total’s decade-long international expertise in the development of solar projects.

As part of its ambition to get to net zero by 2050, Total is building a portfolio of activities in renewables and electricity that could account for up to 40% of its sales by 2050. At the end of 2020, Total's gross power generation capacity worldwide was around 12 GW, including close to 7 GW of renewable energy. With the objective of reaching 35 GW of production capacity from renewable sources by 2025, Total will continue to expand its business to become one of the world leaders in renewable energies.

 

 

For more news and technical articles from the global renewable industry read our latest issue of Energy Global magazine.

Energy Global’s Winter 2020 issue

The Winter issue of Energy Global provides a range of technical articles covering technological advancements and future outlooks in the renewables sector, from companies including CorPower Ocean, Rystad Energy, Black & Veatch, Voltalia, FUERGY, and more.

Read the article online at: https://www.energyglobal.com/solar/18012021/total-and-174-global-team-up-on-us-solar-and-energy-storage-projects/

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