Global energy giant Total has announced that its affiliate, Total Solar Distribution Generation, will provide 25 MW of solar rooftop systems to Betagro, a food company in Thailand.
It said that each of these projects across 24 facilities will come with a 20-year long power purchase agreement (PPA) and that together, Total and Betagro have one of the largest portfolios of corporate PPAs in Thailand.
The French oil and gas major said that this included 62,000 solar panels, and the projects were designed to generate nearly 38 GW of renewable energy, helping the food maker lower its carbon dioxide emission by 26,000 tons throughout the lifespan of the solar rooftop systems. This also provided 15% of the company’s total power consumption, it added.
“With this project in Thailand, Total Solar Distributed Generation continues to grow its reach in the dynamic solar market in Southeast Asia where renewables will represent 30% of power generation sources by 2040,” said Julien Pouget, Senior Vice President of Renewables at Total.
Total said that it aims to integrate climate change into its strategy by building a portfolio of low-carbon businesses that could account for 15-20% of its sales by 2040.
“The implementation of these solar-powered solutions will be very beneficial to our operations, effectively managing to drive down our costs and the impact on the environment,” said Vasit Taepaisitphongse, CEO and President, Betagro Group.
Recently, Total entered signed an agreement with Adani Green Energy Limited to acquire a 50% stake in a joint venture company for $510 million (~₹36.26 billion). The agreement was to lead to the transfer of 2,148 MW (AC) of operating solar assets, which are currently owned by AGEL to the new joint venture company. AGEL will own the remaining 50% stake in the company.
Previously, Mercom reported that Total Eren and EDF Renewables signed 25-year long term power purchase agreements (PPA) for four solar power projects with an installed capacity of 716 MW. These projects are located in northern India, in the states of Rajasthan and Uttar Pradesh.
Nithin is a staff reporter at Mercom India. Previously with Reuters News, he has covered oil, metals and agricultural commodity markets across global markets. He has also covered refinery and pipeline explosions, oil and gas leaks, Atlantic region hurricane developments, and other natural disasters. Nithin holds a Masters Degree in Applied Economics from Christ University, Bangalore and a Bachelor’s Degree in Commerce from Loyola College, Chennai. More articles from Nithin.