Page 12 - AsiaElec Week 15 2022

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TotalEnergies, ENEOS

seal 2-GW solar deal

JAPAN FRANCE’S TotalEnergies and Japanese refiner Joint Venture. We are confident that this partner-
ENEOS are to develop 2GW of decentralised ship enables us to expand this business efficiently
solar capacity over five years at and commercial and effectively in Asia including Japan,” said Kat-
and industrial (C&I) sites across Asia. suki Arisa, Senior Vice President, President &
The two said in a statement that the deal CEO of Resources & Power Company, ENEOS
would allow them to lower the cost of decentral- Corporation.
ised solar supply technology to C&I offered to ENEOS operates 22 solar power plants in
industrial and commercial customers in India, Japan and also participates in renewable energy
Thailand, Vietnam, Indonesia, Philippines, projects in the US, Australia and Vietnam
Cambodia, Singapore and Malaysia. Making this By 2040, it aims to be carbon-neutral in
joint venture one of the most competitive service terms of its own CO2 emissions from its refining
providers in the region. activities.
“With this partnership, TotalEnergies fur- The deal follows TotalEnergies’ deal with
ther demonstrates its commitment to Asia, a key Sempra at the start of April to co-develop several
continent for reaching our target of 100 GW of onshore and offshore renewable energy projects
renewable generation capacity by 2030,” Vincent in North America.
Stoquart, Senior Vice President Renewables for The two companies will do-develop the Vista
TotalEnergies. Pacífico LNG project, planned to be a mid-scale
TotalEnergies already has a global portfolio facility on Mexico’s west coast, a location that
of 2 GW of solar distributed generation in opera- TotalEnergies says is well-situated for exporting
tion, under construction or under development. to high-demand markets such as Asia and South
“We strongly believe TotalEnergies, one of the America.
leading energy companies on a global scale, is the The deal also covers TotalEnergies’ potential
best partner for us since both of us are increas- acquisition of 30% of Sempra’s equity interest in
ingly developing the renewable energy business some solar projects under development along
in the global energy transition. In addition to the Mexico-US border.
the highly competitive business model which TotalEnergies aims to reach net zero by 2050,
TotalEnergies has developed, we will be utiliz- and it aims to expand its gross renewable capac-
ing our strong brand and customer network in ity from 10GW at present to 35GW by 2025 and
Japan and Asia for the business expansion of this 100GW by 2030.™

P12 www. NEWSBASE .com Week 15 13•April•2022