RECPDCL Invites Bids for 223 MW ISTS-Connected Solar Projects

Clean Energy Tech Firm Ecozen Raises $30 Million for Global Expansion

SJVN Green Energy Invites Bids to Source Land for 200 MW Solar Projects in Assam

Avaada Inks ₹45 Billion Refinancing Deal for Four Solar Projects in Rajasthan

Daily News Wrap-Up: Application Process for ALMM Inclusion and Renewal

Australia Adds 5.9 GW of Renewable Capacity to the Grid in 2023

POWERGRID Wins Contracts to Evacuate 18 GW of Renewable Energy

MNRE Seeks Feedback on Guidelines for PM-Surya Ghar Rooftop Solar Program

Apple Partners with CleanMax to Power India Operations with Renewable Energy

Explainer: Application Process for ALMM Inclusion and Renewal

<p><a href="https://totalenergies.com/" target="_blank" rel="noopener">TotalEnergies</a>, a global multinational integrated oil and gas firm, has entered into a 50-50 partnership with Japanese petroleum company ENEOS to develop 2 GW of decentralized onsite solar capacity for commercial and industrial (C&amp;I) consumers in Asia in the next five years.</p>
<p>TotalEnergies will leverage its expertise in the B2B market to strengthen its global footprint. With expertise in renewables, ENEOS aims to lower the costs of decentralized solutions offered to C&amp;I customers in Japan. The two oil conglomerates have signed the agreement to boost their competitive services in the region further.</p>
<p>A multi-energy company, TotalEnergies has a 2 GW solar distributed generation portfolio in different stages of development. In July 2021, it <a href="https://mercomindia.com/amazon-ppa-totalenergies-renewable-energy/" target="_blank" rel="noopener">announced</a> a strategic collaboration with e-commerce giant Amazon to supply 100% renewable energy for Amazon&#8217;s operations. The companies have signed a power purchase agreement (PPA) based on which TotalEnergies would supply 474 MW of renewable energy for Amazon&#8217;s operations in the United States and Europe.</p>
<p>Under its ENEOS Group Long-Term Vision to 2040, the Japan-based oil company has placed next-generation energy supply and community services, including distributed power sources, as one of its growth businesses.</p>
<p>Referring to the merger, the <strong>Senior Vice President for Renewables in TotalEnergies, Vincent Stoquart, said,</strong><strong> &#8220;</strong>With this partnership, TotalEnergies further demonstrates its commitment to Asia, a key continent, for reaching our target of 100 GW of renewable generation capacity by 2030.&#8221;</p>
<p>TotalEnergies has been making significant acquisitions to empower its distributed generation business. The global energy conglomerate <a href="https://mercomindia.com/totalenergies-acquires-sunpowers-ci-solar-250-million/" target="_blank" rel="noopener">acquired</a> SunPower&#8217;s commercial and industrial solutions business for $250 million, including $60 million of the earn-out sum. The acquisition will help TotalEnergies develop its distributed business globally, accounting for around 500 MW capacity.</p>
<p>Last October, ENEOS <a href="https://mercomindia.com/eneos-acquire-stake-japan-renewable-energy/" target="_blank" rel="noopener">announced</a> that its consolidated subsidiary ENEOS Corporation would acquire a 100% stake in the Japan Renewable Energy Corporation (JRE) for $1.76 billion. JRE has maintained its stronghold in the renewable power generation sector across the entire value chain, including renewable project development to operation and maintenance of energy projects. It is also engaged in offshore wind project development, including monitoring wind conditions and developing construction plans.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/gourav-mishra/" class="vcard author" rel="author"><span class="fn">Gourav Mishra</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/WhatsApp-Image-2022-04-06-at-6.37.25-PM-1-1.jpeg" width="50" /></p>
<p><strong style="text-decoration: underline">Gourav,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">More articles from Gourav.</a></p>
</div>
<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/WhatsApp-Image-2022-04-06-at-6.37.25-PM-1-1.jpeg" width="89" height="102" /><a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">Gourav</a> is a staff reporter with Mercom India with over six years of experience in various roles with NewsX, The New Indian Express, IBTimes India, and U.S., Republic, and Analytics India Magazine. Gourav has a Master&#8217;s in journalism from Jain University, Bengaluru. <a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">More articles from Gourav Mishra</a></div>
</div></div><div class="clearfix"></div></div></div>

TotalEnergies, ENEOS Partner to Develop 2 GW Solar Capacity for C&I Entities in Asia

eneos-oil

Get the most relevant India solar and clean energy news.

RECENT POSTS