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Business Wire
3 days ago
- Business
- Business Wire
UK: TotalEnergies Acquires a Pipeline of Solar and Battery Projects
PARIS--(BUSINESS WIRE)-- TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the acquisition from Low Carbon, a leading renewable energy company, of a pipeline of 8 solar projects with a capacity of 350 MW and 2 battery storage projects with a capacity of 85 MW. As the solar projects are at an advanced stage of development, the target is that they could be operational by 2028. They will produce more than 350 GWh/year of renewable electricity, equivalent to the electricity consumption of around 100,000 UK households. 'We are very pleased with the acquisition of this pipeline from the renewable developer Low Carbon. The acquisition of these solar and battery projects located in the south of England will complement our integrated electricity portfolio in the UK, which includes 1.1 GW of gross installed offshore wind, 1.3 GW of gross combined cycle gas turbine, and more than 600 MW of solar projects under development', said Olivier Jouny, SVP renewables at TotalEnergies. Roy Bedlow, Chief Executive and Founder at Low Carbon, added: 'We are very pleased to have finalised this agreement with TotalEnergies, who are making an impressive commitment to building renewable infrastructure and sees Low Carbon deliver one of the largest ready-to-build portfolios of solar and battery projects in the UK market. Once built, these projects will make a vital contribution to the Government's Clean Power 2030 ambition and reinforce Low Carbon's track record for developing renewable assets of the highest quality, while supporting the build out of the rest of our renewables pipeline as we continue to scale as an independent power producer.' *** TotalEnergies in the UK TotalEnergies has been present in the UK for more than 60 years, employing more than 1,800 people across the energy value chain. The Company is one of the country's leading oil and gas operators, operating around 27% of the UK Continental Shelf's gas production, with average daily equity production of 121,000 barrels of oil equivalent per day (boe/d) in 2024. TotalEnergies is deploying its Integrated Power strategy in the UK, which combines renewable power production and flexible power generation capacities. Its renewable portfolio in the country includes 1.1 GW of gross installed capacity (Seagreen offshore wind farm) and 4.5 GW under development, in both offshore wind and solar projects. TotalEnergies also holds a 50% stake in a 1.3 GW combined cycle gas turbine (CCGT) operated in partnership with EPUKI. TotalEnergies is one of the UK's largest suppliers of gas and electricity to businesses and the public sector, offers electric vehicle charging solutions and markets petroleum products including lubricants, aviation fuel, bitumen and specialty fluids. TotalEnergies and electricity TotalEnergies is building a competitive portfolio that combines renewables (solar, onshore wind, offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. As of the end of March 2025, TotalEnergies has 28 GW of installed gross renewable electricity generation capacity and aims to reach 35 GW by the end of 2025, and more than 100 TWh of net electricity production by 2030. About TotalEnergies TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. About Low Carbon Low Carbon creates large-scale renewable energy to fight climate change. We're building a net-zero energy company that will protect the planet for future generations. This defining purpose drives us to deliver for our communities, investors, and the environment. We are a long-standing certified B-Corporation and recognised as a gold standard for our environmental impact. We invest in, develop, and operate solar, wind, energy storage, and energy from waste projects across the UK, Europe, and North America. We're contributing to the world's move to 100% renewable energy by creating and operating 20 GW of new capacity. We have more than 16 GW of new renewables in development right now across the globe. TotalEnergies Contacts Media Relations: +33 (0)1 47 44 46 99 l presse@ l @TotalEnergiesPR Investor Relations: +33 (0)1 47 44 46 46 l ir@ Low Carbon Contacts Media Relations: +44 (0) 789 614 0920 @TotalEnergies TotalEnergies TotalEnergies TotalEnergies Cautionary Note The terms 'TotalEnergies', 'TotalEnergies company' or 'Company' in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words 'we', 'us' and 'our' may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
Associated Press
3 days ago
- Business
- Associated Press
UK: TotalEnergies Acquires a Pipeline of Solar and Battery Projects
PARIS--(BUSINESS WIRE)--Jun 3, 2025-- TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the acquisition from Low Carbon, a leading renewable energy company, of a pipeline of 8 solar projects with a capacity of 350 MW and 2 battery storage projects with a capacity of 85 MW. As the solar projects are at an advanced stage of development, the target is that they could be operational by 2028. They will produce more than 350 GWh/year of renewable electricity, equivalent to the electricity consumption of around 100,000 UK households. 'We are very pleased with the acquisition of this pipeline from the renewable developer Low Carbon. The acquisition of these solar and battery projects located in the south of England will complement our integrated electricity portfolio in the UK, which includes 1.1 GW of gross installed offshore wind, 1.3 GW of gross combined cycle gas turbine, and more than 600 MW of solar projects under development', said Olivier Jouny, SVP renewables at TotalEnergies. Roy Bedlow, Chief Executive and Founder at Low Carbon, added: 'We are very pleased to have finalised this agreement with TotalEnergies, who are making an impressive commitment to building renewable infrastructure and sees Low Carbon deliver one of the largest ready-to-build portfolios of solar and battery projects in the UK market. Once built, these projects will make a vital contribution to the Government's Clean Power 2030 ambition and reinforce Low Carbon's track record for developing renewable assets of the highest quality, while supporting the build out of the rest of our renewables pipeline as we continue to scale as an independent power producer.' *** The Company is one of the country's leading oil and gas operators, operating around 27% of the UK Continental Shelf's gas production, with average daily equity production of 121,000 barrels of oil equivalent per day (boe/d) in 2024. TotalEnergies is deploying its Integrated Power strategy in the UK, which combines renewable power production and flexible power generation capacities. Its renewable portfolio in the country includes 1.1 GW of gross installed capacity (Seagreen offshore wind farm) and 4.5 GW under development, in both offshore wind and solar projects. TotalEnergies also holds a 50% stake in a 1.3 GW combined cycle gas turbine (CCGT) operated in partnership with EPUKI. TotalEnergies is one of the UK's largest suppliers of gas and electricity to businesses and the public sector, offers electric vehicle charging solutions and markets petroleum products including lubricants, aviation fuel, bitumen and specialty fluids. As of the end of March 2025, TotalEnergies has 28 GW of installed gross renewable electricity generation capacity and aims to reach 35 GW by the end of 2025, and more than 100 TWh of net electricity production by 2030. @TotalEnergiesTotalEnergiesTotalEnergiesTotalEnergies We invest in, develop, and operate solar, wind, energy storage, and energy from waste projects across the UK, Europe, and North America. We're contributing to the world's move to 100% renewable energy by creating and operating 20 GW of new capacity. We have more than 16 GW of new renewables in development right now across the globe. View source version on CONTACT: TotalEnergies Contacts Media Relations: +33 (0)1 47 44 46 99 [email protected]@TotalEnergiesPR Investor Relations: +33 (0)1 47 44 46 46 [email protected] Carbon Contacts Media Relations: +44 (0) 789 614 [email protected] KEYWORD: NORTH AMERICA FRANCE UNITED STATES UNITED KINGDOM EUROPE INDUSTRY KEYWORD: ALTERNATIVE ENERGY ENERGY OTHER ENERGY OIL/GAS SOURCE: TotalEnergies SE Copyright Business Wire 2025. PUB: 06/03/2025 06:05 AM/DISC: 06/03/2025 06:03 AM
Yahoo
3 days ago
- Business
- Yahoo
UK: TotalEnergies Acquires a Pipeline of Solar and Battery Projects
The pipeline is made of 350 MW of solar projects and 85 MW of battery projects They could be operational by 2028 and generate electricity equivalent to the consumption of 100,000 UK households PARIS, June 03, 2025--(BUSINESS WIRE)--TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the acquisition from Low Carbon, a leading renewable energy company, of a pipeline of 8 solar projects with a capacity of 350 MW and 2 battery storage projects with a capacity of 85 MW. As the solar projects are at an advanced stage of development, the target is that they could be operational by 2028. They will produce more than 350 GWh/year of renewable electricity, equivalent to the electricity consumption of around 100,000 UK households. "We are very pleased with the acquisition of this pipeline from the renewable developer Low Carbon. The acquisition of these solar and battery projects located in the south of England will complement our integrated electricity portfolio in the UK, which includes 1.1 GW of gross installed offshore wind, 1.3 GW of gross combined cycle gas turbine, and more than 600 MW of solar projects under development", said Olivier Jouny, SVP renewables at TotalEnergies. Roy Bedlow, Chief Executive and Founder at Low Carbon, added: "We are very pleased to have finalised this agreement with TotalEnergies, who are making an impressive commitment to building renewable infrastructure and sees Low Carbon deliver one of the largest ready-to-build portfolios of solar and battery projects in the UK market. Once built, these projects will make a vital contribution to the Government's Clean Power 2030 ambition and reinforce Low Carbon's track record for developing renewable assets of the highest quality, while supporting the build out of the rest of our renewables pipeline as we continue to scale as an independent power producer." *** TotalEnergies in the UKTotalEnergies has been present in the UK for more than 60 years, employing more than 1,800 people across the energy value Company is one of the country's leading oil and gas operators, operating around 27% of the UK Continental Shelf's gas production, with average daily equity production of 121,000 barrels of oil equivalent per day (boe/d) in is deploying its Integrated Power strategy in the UK, which combines renewable power production and flexible power generation capacities. Its renewable portfolio in the country includes 1.1 GW of gross installed capacity (Seagreen offshore wind farm) and 4.5 GW under development, in both offshore wind and solar projects. TotalEnergies also holds a 50% stake in a 1.3 GW combined cycle gas turbine (CCGT) operated in partnership with is one of the UK's largest suppliers of gas and electricity to businesses and the public sector, offers electric vehicle charging solutions and markets petroleum products including lubricants, aviation fuel, bitumen and specialty fluids. TotalEnergies and electricityTotalEnergies is building a competitive portfolio that combines renewables (solar, onshore wind, offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its of the end of March 2025, TotalEnergies has 28 GW of installed gross renewable electricity generation capacity and aims to reach 35 GW by the end of 2025, and more than 100 TWh of net electricity production by 2030. About TotalEnergiesTotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. @TotalEnergies TotalEnergies TotalEnergies TotalEnergies About Low CarbonLow Carbon creates large-scale renewable energy to fight climate change. We're building a net-zero energy company that will protect the planet for future generations. This defining purpose drives us to deliver for our communities, investors, and the environment. We are a long-standing certified B-Corporation and recognised as a gold standard for our environmental invest in, develop, and operate solar, wind, energy storage, and energy from waste projects across the UK, Europe, and North America. We're contributing to the world's move to 100% renewable energy by creating and operating 20 GW of new capacity. We have more than 16 GW of new renewables in development right now across the Cautionary NoteThe terms "TotalEnergies", "TotalEnergies company" or "Company" in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words "we", "us" and "our" may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC). View source version on Contacts TotalEnergies Contacts Media Relations: +33 (0)1 47 44 46 99 l presse@ l @TotalEnergiesPR Investor Relations: +33 (0)1 47 44 46 46 l ir@ Low Carbon Contacts Media Relations: +44 (0) 789 614 0920 Sign in to access your portfolio
New Statesman
27-05-2025
- Business
- New Statesman
Could a new green Labour faction cause trouble for Ed Miliband?
Image:Ed Miliband likely breathed a sigh of relief on Friday morning after Ofgem announced a 7 per cent reduction in the energy price cap. Average bills will go down by £129 a year for a typical household (or around £11 a month) from 1 July. This is not quite the £300 reduction Miliband and his team promised in the run-up to the election, but it's certainly a start. Coupled with the government's feeble U-turn on the cut to the Winter Fuel Payment, it will have taken some of the electoral heat off the Energy Secretary's performance. But the real challenge on the horizon may come from within his own party. Despite vicious attacks from both Reform and the Conservatives – in this new phase of the climate culture wars – the government remains committed to the Clean Power 2030 and Net Zero agenda. Keir Starmer used his speech to the International Energy Summit, held in London at the end of April, to double-down on his commitment to the cause, telling delegates that 'homegrown clean energy is the only way to take back control of our energy system'. Still, as I have written previously, recent aspects of the government's growth agenda – such as support for the expansion of Heathrow, Luton and Gatwick airports – do not sit easily with the green transition. They have also not been looked on favourably by the some of the more climate-focussed members of the Parliamentary Labour Party (PLP), some of whom question how Miliband can keep on this path. But, as one MP told me, pointing this out to the Energy Secretary and his team is often met with protestations that it's better to have someone in government pushing the agenda, even as the Prime Minister pursues polluting policies like Heathrow's third runway. Miliband's riposte is fair enough; but it is unlikely to stop pro-net zero MPs from organising if they unhappy with the government's direction. Until the start of this year, most of these MPs congregated around the Climate and Nature Bill, a private members bill which aimed to place a requirement on the Environment Secretary to implement a strategy, with annual targets, to reduce CO2 emissions and reverse the degradation of nature. While it was sponsored by the Lib Dem MP, Roz Savage, the bill had also garnered the support of several Labour MPs such as Clive Lewis, Alex Sobel, Olivia Blake and Simon Opher. On 24 January, the government won a motion by 120 votes to seven to end the debate of the bill. It will not return to the House of Commons until July and is unlikely to pass into law. Before pushing to drop the law, the government made a deal with supportive Labour backbenchers, saying it would make a statement on progress towards climate and nature targets within six months, hold a consultation with the bill's supporters over upcoming environmental legislation, and host more meetings between Miliband and climate-conscious MPs. But as one MP involved with the bill told me, considering current concern over recent government policies (Heathrow, Rosebank) these offers felt a bit flat. The cancellation of the bill has left a vacuum. But those MPs' concerns have not dissipated (and are unlikely to). The question is where it goes next. There are several upcoming flash points; the Report Stage of the Planning and Infrastructure Bill (which begins after 9 June) is perhaps the most significant. Chris Hinchcliffe, a member of the 2024 intake, and MP for East Hertfordshire, has submitted a raft of amendments to the bill, intended to strengthen its protections for nature. Speaking in the Commons last week, Hinchcliffe said the bill as it stands would 'push the public towards Reform'. His amendment already has the backing of Lewis and other MPs sympathetic to the climate and nature cause. Another flashpoint will arrive when a decision is finally made over the future of the oil fields at Jackdaw and Rosebank. Though the High Court ruled that permissions for both fields had been granted unlawfully, drilling could still go ahead (this would be consistent with Labour's policy of no new oil and gas licences as permission for these fields was granted under the Tories). Subscribe to The New Statesman today from only £8.99 per month Subscribe This decision is sitting in Miliband's in-tray. The Energy Secretary previously said allowing both fields to go ahead would be 'an act of climate vandalism', though, as mentioned previously, Starmer and Reeves are both said to be supportive. One Labour insider told me, if he finds himself stuck in a bind, Miliband could recuse himself from making the decision, leaving Energy Minister Sarah Jones to give the announcement. Nothing has been confirmed yet, but if permission is granted, the environment-focussed members of the PLP will certainly not be happy – a clearer climate faction could subsequently emerge. Conversations are certainly being had in Parliament by unhappy members of the PLP. Depending on the outcome of upcoming flashpoints, a new climate movement within the ranks of the Labour party may be about to take shape. Related
Scotsman
15-05-2025
- Business
- Scotsman
Clean power official 'disappointed' by scrapped offshore wind farm plans
Warning of storm facing sector Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... The decision by a major Danish energy firm to cancel plans for a huge offshore windfarm partly reflects the 'reality' facing the sector in a global market being hit by a 'force nine gale of events,' according to the man tasked with delivering the UK government's clean energy plans. Chris Stark, head of mission control for Clean Power 2030 at the Department of Energy Security and Net Zero, told a key industry conference in Glasgow that Ørsted's move to scrap the vast development off the coast of East Yorkshire highlighted the pressures facing the renewables business. Advertisement Hide Ad Advertisement Hide Ad It comes as a new report from the offshore energy trade body, OEUK, warned that without action to address price inflation, capital cost, and supply chain competitiveness, the UK government's clean power target of 2030 will not be met. Chris Stark, the UK Government's head of 'mission control' at the department for energy security and net zero, addresses the conference | PA With a potential capacity of 2.4GW, the Hornsea 4 project would have become one of the biggest offshore developments in the world, but the firm behind it cited a range of reasons why it was pulling the plug, including adverse macroeconomic developments, continued supply chain challenges, and increased execution, market and operational risks. 'A difficult couple of weeks for us' In a keynote address to the All Energy conference in Glasgow on Thursday, Mr Stark, said: 'It is a force nine gale of events happening right now around us. This has been a difficult couple of weeks for us. Ørsted's decision to delay Hornsea 4, despite securing a CFD (contract for difference award) last year, is definitely a blow for us, particularly because it displaced other very good projects that would otherwise be in full development right now. 'I'm very disappointed that has happened. We can debate the specifics of it. It's partly about a company that's very exposed to that global gale. But it's also partly about the reality of offshore wind development in today's global market. Advertisement Hide Ad Advertisement Hide Ad 'There's no dressing it up - we need to acknowledge the challenges that face this industry. I want our clean power plan to be key to making the UK a safe port for investment in a storm.' Ørsted's Hornsea One Offshore Wind Farm. | PA Mr Stark, a former chief executive of the Climate Change Committee, stressed that 'no single project throws us of course,' and said the Ørsted decision had given the government fresh impetus. 'If anything it's strengthened our resolve that we need a mission around this stuff to get it moving, and I do think we've got some very good tools in the box, which we'll bring out shortly,' he added. Mr Stark, a former director of energy and climate change at the Scottish Government, said that after feeling 'gloomy' following the Hornsea 4 announcement, he travelled to Inverness to visit offshore wind projects, an experience which left him 'full of renewed conviction that this should be a guiding mission for this country.' Advertisement Hide Ad Advertisement Hide Ad
