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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Total plans 2 GW entry into Spanish solar market
French oil and gas giant Total has announced it is entering the solar power market in Spain, with agreements to develop nearly 2 GW of projects in the country.
Operating through an owned affiliate company, Total Solar International, the company will work with local developers Powertis and Solarbay Renewable Energy on two separate schemes.
The first is a joint venture to install 800 MW of solar capacity alongside Spanish solar developer Powertis, and the second is an agreement to wholly acquire a 1.2 GW portfolio of early-stage projects from Solarbay. The Solarbay projects will be located in Andalusia, Aragon and Castile-La Mancha.
The addition to Total’s renewables portfolio will contribute towards its target of operating 25 GW of renewable electricity generation projects by 2025. Currently, Total’s gross low carbon power generation capacity worldwide is close to 7 GW, of which 3 GW are from renewable energies. Total also states that low carbon businesses could account for 15–20% of its sales by 2040.
‘Spain benefits from a solar resource that is unparalleled in Europe,’ said Julien Pouget, Senior Vice President Renewables at Total. ‘Its photovoltaic market is one of the most dynamic in Europe, with an expected capacity increase from 6 GW to nearly 40 GW by 2030. Total is pleased to enter on this fast-growing market through partnerships with local developers.’
The first project of these pipelines is set to begin operation by the end of 2020, with the ambition that all projects of both portfolios will be in service in 2023.
Photo: Zylberman Laurent – Graphix Images – Total
News Item details
Journal title: Energy World
Countries: Spain -
Organisation: Total
Subjects: Renewables, Solar power
