Total acquires a portfolio of 2.8GW solar and battery storage pipeline projects in US.

by Feb 5, 2021

French oil and gas major, Total, has continued its flurry of utility-scale solar acquisitions and also strengthens its presence in US by picking up a 2.8GW pipeline of assets in Texas. The pipeline consists of four large-scale solar projects of 2.2GW, each with co-located battery energy storage systems (BESS) totaling 600 MW of output power, in industrial areas close to Houston that have high demand for electricity. The projects are bought from renewable energy developer SunChase Power and private energy investor MAP RE/ES for an undisclosed amount, to be paid in stages as the project advances. Construction of the first two projects is expected to start later this year, with all four projects set to come online between 2023 and 2024. With this latest acquisition, Total is now developing close to 4 GW of renewable power capacity in the U.S., thus contributing to its objective to reach close to 35 GW of renewable generation capacity by 2025 and it is expected that the its renewable and electricity activities would account for 40% of the company’s sales by 2050. Link to the news: