Latest news with #TotalEnergies'
Time of India
2 hours ago
- Business
- Time of India
French energy giant TotalEnergies reaffirms support for Adani Green's expansion in India
TotalEnergies is "committed to continue to support the expansion of AdGreen ," Patrick Pouyanne , Chairman and CEO of the French energy giant, said on Monday. With Adani Green Energy Limited (AGEL )'s current capacity of 14 gigawatts and plans for continued expansion, the partnership with TotalEnergies is expected to play a crucial role in India 's ambitious renewable energy targets and the country's transition toward cleaner energy sources. Pouyanne said this during his meeting with Indian Commerce and Industry Minister Piyush Goyal , who is currently on a three-day visit to France from June 1. "We are committed to continue to support the expansion of Adani Green, which already has 14 gigawatts of capacity," Pouyanne stated, adding, "We will continue to support this growth." The French energy major has invested approximately USD 5 billion in India over the past five years, focusing on natural gas infrastructure, city gas development, and renewable energy projects, particularly solar and wind installations, in partnership with Adani entities. TotalEnergies' involvement with Adani Green began in January 2021 when the company acquired a minority stake in the publicly listed renewable energy firm. As part of its strategy to strengthen renewable energy development in India, TotalEnergies also secured a 50 per cent stake in three joint ventures with AGEL operating renewable energy assets. During the Paris meetings, Pouyanne outlined TotalEnergies' broader Indian expansion plans, including increased energy exports from the United States, where the company serves as the largest energy exporter. The executive also highlighted plans to restart operations in Mozambique, which could provide additional energy supplies to India. This commitment marks a significant turnaround from TotalEnergies' position following allegations made by short-seller Hindenburg Research against the Adani Group last year. In response to those allegations, the French company had announced it would suspend further financial contributions to its Adani investments pending clarification of the accusations and their consequences. TotalEnergies emphasised that its investments in Adani entities were conducted in full compliance with applicable laws and the company's internal governance processes based on thorough due diligence and declarations provided by the investment partners. The renewed partnership comes as both companies look to capitalise on India's growing renewable energy market. Minister Goyal reportedly encouraged TotalEnergies to expand its presence in India further, building on the substantial investments already made in the country's energy infrastructure. The announcement also follows a memorandum of understanding signed with Gujarat State Petroleum Corporation (GSPC) during the India Energy Summit, signalling TotalEnergies' broader commitment to the Indian energy sector.
India Gazette
17 hours ago
- Business
- India Gazette
French energy giant TotalEnergies reaffirms support for Adani Green's expansion in India
By Shailesh Yadav Paris [France], 2 June (ANI): TotalEnergies is 'committed to continue to support the expansion of Adani Green,' Patrick Pouyanne, Chairman and CEO of the French energy giant, said on Monday. With Adani Green Energy Limited (AGEL )'s current capacity of 14 gigawatts and plans for continued expansion, the partnership with TotalEnergies is expected to play a crucial role in India's ambitious renewable energy targets and the country's transition toward cleaner energy sources. Pouyanne said this during his meeting with Indian Commerce and Industry Minister Piyush Goyal, who is currently on a three-day visit to France from June 1. 'We are committed to continue to support the expansion of Adani Green, which already has 14 gigawatts of capacity,' Pouyanne stated, adding, 'We will continue to support this growth.' The French energy major has invested approximately USD 5 billion in India over the past five years, focusing on natural gas infrastructure, city gas development, and renewable energy projects, particularly solar and wind installations, in partnership with Adani entities. TotalEnergies' involvement with Adani Green began in January 2021 when the company acquired a minority stake in the publicly listed renewable energy firm. As part of its strategy to strengthen renewable energy development in India, TotalEnergies also secured a 50 per cent stake in three joint ventures with AGEL operating renewable energy assets. During the Paris meetings, Pouyanne outlined TotalEnergies' broader Indian expansion plans, including increased energy exports from the United States, where the company serves as the largest energy exporter. The executive also highlighted plans to restart operations in Mozambique, which could provide additional energy supplies to India. This commitment marks a significant turnaround from TotalEnergies' position following allegations made by short-seller Hindenburg Research against the Adani Group last year. In response to those allegations, the French company had announced it would suspend further financial contributions to its Adani investments pending clarification of the accusations and their consequences. TotalEnergies emphasised that its investments in Adani entities were conducted in full compliance with applicable laws and the company's internal governance processes based on thorough due diligence and declarations provided by the investment partners. The renewed partnership comes as both companies look to capitalise on India's growing renewable energy market. Minister Goyal reportedly encouraged TotalEnergies to expand its presence in India further, building on the substantial investments already made in the country's energy infrastructure. The announcement also follows a memorandum of understanding signed with Gujarat State Petroleum Corporation (GSPC) during the India Energy Summit, signalling TotalEnergies' broader commitment to the Indian energy sector. (ANI)
Time of India
a day ago
- Business
- Time of India
India emerges as key market for LNG, ranks fourth globally in 2024: TotalEnergies CEO
Synopsis TotalEnergies' Chairman Patrick Pouyanne highlighted India's growing importance as the fourth-largest LNG market globally in 2024. The French energy giant has invested nearly USD 5 billion in India over the past five years, focusing on gas infrastructure and renewable energy projects. Encouraged by Union Commerce Minister Piyush Goyal, TotalEnergies plans further expansion in India.
Associated Press
4 days ago
- Business
- Associated Press
Indonesia-Singapore: TotalEnergies and RGE Reach New Milestone in Large-Scale Solar and Battery Storage Project
PARIS & SINGAPORE--(BUSINESS WIRE)--May 30, 2025-- TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and RGE, a group operating in the bio-based resources and energy sectors, are pleased to announce that Singapore's Energy Market Authority (EMA) has awarded their equally-owned joint venture Singa Renewables ('Singa') a conditional licence to import 1 GW of renewable power from Indonesia. Today, the partners also signed a Memorandum of Understanding with Singapore Energy Interconnections (SGEI) to jointly develop a subsea interconnector, enabling electricity imports from Indonesia to Singapore. The partners had previously signed a Co-Investment Agreement to develop, build and operate a hybrid renewable power plant comprising a solar farm, Battery Energy Storage System (BESS), and a subsea cable in Riau Province, Indonesia, during an official ceremony in Jakarta on May 28 th, 2025, in the presence of French President Emmanuel Macron and Indonesian President Prabowo Subianto. A flagship initiative for the decarbonization of local industries The project will supply Clean Firm Power to energy-intensive consumers in Singapore and to industrial complexes near the solar site in Riau Province, Indonesia. Throughout the project's development, the partners will harness TotalEnergies' global expertise in large-scale energy projects while leveraging RGE's wide footprint in Indonesia and Singapore. 'I would like to thank the Singapore authorities for granting the necessary licences for this landmark electricity import project, that we are pleased to develop with our partner RGE,' said Helle Kristoffersen, President Asia and Executive Committee Member at TotalEnergies. 'The project will contribute to Singapore's goal of reaching net zero emissions by 2050, while supporting Riau Province's economic development in Indonesia. This initiative also illustrates TotalEnergies' commitment to ASEAN's energy transition and security of supply.' 'We are doing our part to accelerate the region's clean energy transition,' said Imelda Tanoto, Managing Director at RGE. 'The Conditional Licence is a key milestone that affirms our role in advancing the region's collaboration and decarbonization goals as we remain focused on creating lasting value for communities, markets, and governments alike.' @TotalEnergiesTotalEnergiesTotalEnergiesTotalEnergies 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] KEYWORD: INDONESIA FRANCE SINGAPORE SOUTHEAST ASIA ASIA PACIFIC EUROPE INDUSTRY KEYWORD: OTHER ENERGY TECHNOLOGY UTILITIES BATTERIES ALTERNATIVE ENERGY ENERGY SOURCE: TOTALENERGIES SE Copyright Business Wire 2025. PUB: 05/30/2025 09:24 AM/DISC: 05/30/2025 09:23 AM
Business Wire
4 days ago
- Business
- Business Wire
Indonesia-Singapore: TotalEnergies and RGE Reach New Milestone in Large-Scale Solar and Battery Storage Project
PARIS--(BUSINESS WIRE)-- TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and RGE, a group operating in the bio-based resources and energy sectors, are pleased to announce that Singapore's Energy Market Authority (EMA) has awarded their equally-owned joint venture Singa Renewables ('Singa') a conditional licence to import 1 GW of renewable power from Indonesia. Today, the partners also signed a Memorandum of Understanding with Singapore Energy Interconnections (SGEI) to jointly develop a subsea interconnector, enabling electricity imports from Indonesia to Singapore. The partners had previously signed a Co-Investment Agreement to develop, build and operate a hybrid renewable power plant comprising a solar farm, Battery Energy Storage System (BESS), and a subsea cable in Riau Province, Indonesia, during an official ceremony in Jakarta on May 28th, 2025, in the presence of French President Emmanuel Macron and Indonesian President Prabowo Subianto. A flagship initiative for the decarbonization of local industries The project will supply Clean Firm Power to energy-intensive consumers in Singapore and to industrial complexes near the solar site in Riau Province, Indonesia. Throughout the project's development, the partners will harness TotalEnergies' global expertise in large-scale energy projects while leveraging RGE's wide footprint in Indonesia and Singapore. 'I would like to thank the Singapore authorities for granting the necessary licences for this landmark electricity import project, that we are pleased to develop with our partner RGE,' said Helle Kristoffersen, President Asia and Executive Committee Member at TotalEnergies. 'The project will contribute to Singapore's goal of reaching net zero emissions by 2050, while supporting Riau Province's economic development in Indonesia. This initiative also illustrates TotalEnergies' commitment to ASEAN's energy transition and security of supply.' 'We are doing our part to accelerate the region's clean energy transition,' said Imelda Tanoto, Managing Director at RGE. 'The Conditional Licence is a key milestone that affirms our role in advancing the region's collaboration and decarbonization goals as we remain focused on creating lasting value for communities, markets, and governments alike.' 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 providing 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 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). 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@
