United States: TotalEnergies adds 4 GW to its Renewable Energy Portfolio with the Acquisition of Core Solar & More News Here

Paris/Austin, April 27, 2022 – TotalEnergies is additional increasing its presence in the U.S. renewable power trade by buying Austin-based Core Solar, LLC whose portfolio consists of greater than 4 GW of utility-scale photo voltaic and power storage tasks at numerous phases of improvement throughout a number of U.S. states  and energy markets. Core Solar’s CEO Greg Nelson and his workers will be part of TotalEnergies’ groups. 

With this acquisition, TotalEnergies additional develops its presence in the U.S. the place it now has a portfolio of greater than 10 GW gross capability of renewable tasks in operation, in building and in improvement: 

• In giant scale photo voltaic power, TotalEnergies is already growing 2.2 GW of tasks, initially carried by SunChase Power, and 1.6 GW of tasks in partnership with Hanwha Energy, which shall be accomplished by the 4 GW of tasks acquired from Core Solar. These portfolios additionally embody power storage tasks.
• In offshore wind power, TotalEnergies is beginning the improvement of a 3 GW wind farm off the coast of New York and New Jersey, which was awarded final February throughout the New York Bight public sale. The Company has additionally launched a three way partnership with Simply Blue to unlock the huge potential for floating offshore in the United States. Beyond, TotalEnergies is engaged on the preparation of the upcoming public sale of offshore wind tasks off the coast of California.
• In photo voltaic distributed technology, TotalEnergies acquired in the first quarter of 2022 the industrial and business photo voltaic actions of SolarPower with the goal to develop greater than 100 MW per yr of extra capability.

“We are delighted with this new addition to our portfolio of solar projects in the U.S., a key region for achieving our global target of 100 GW of renewable projects in operation by 2030. This attractive 4 GW pipeline of projects will strengthen and diversify our portfolio. I look forward to welcoming Core Solar’s teams who have established an impressive track record with market-leading technical expertise, consistently delivering optimal project results,” stated Vincent Stoquart, Senior Vice President Renewables at TotalEnergies.

“We are thrilled to join TotalEnergies with its unparalleled financial capability, project execution, and operational excellence. This will enable the business to accelerate its growth across the U.S. solar market. The Core Solar team brings with it an exceptional ability that will contribute to TotalEnergies’ ambition to become a market leader in solar energy delivery in the U.S.,” stated Greg Nelson, President and CEO at Core Solar.

¹ Texas, Kentucky, Ohio, Pennsylvania

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TotalEnergies and renewables electrical energy
As half of its ambition to get to web zero by 2050, TotalEnergies is constructing a portfolio of actions in renewables and electrical energy. At the finish of September 2021, TotalEnergies’ gross renewable electrical energy technology capability is 10 GW. TotalEnergies will proceed to broaden this enterprise to attain 35 GW of gross manufacturing capability from renewable sources and storage by 2025, after which 100 GW by 2030 with the goal of being amongst the world’s prime 5 producers of electrical energy from wind and photo voltaic power.

About TotalEnergies
TotalEnergies is a world multi-energy firm that produces and markets energies: oil and biofuels, pure fuel and inexperienced gases, renewables and electrical energy. Our greater than 100,000 workers are dedicated to power that’s ever extra inexpensive, cleaner, extra dependable and accessible to as many individuals as attainable. Active in additional than 130 nations, TotalEnergies places sustainable improvement in all its dimensions at the coronary heart of its tasks and operations to contribute to the well-being of folks.

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Cautionary Note
The phrases “TotalEnergies”, “TotalEnergies company” or “Company” on this doc are used to designate TotalEnergies SE and the consolidated entities which are instantly or not directly managed by TotalEnergies SE. Likewise, the phrases “we”, “us” and “our” might also be used to refer to these entities or to their workers. The entities by which TotalEnergies SE instantly or not directly owns a shareholding are separate authorized entities. TotalEnergies SE has no legal responsibility for the acts or omissions of these entities. This doc might include forward-looking data and statements which are primarily based on a quantity of financial information and assumptions made in a given financial, aggressive and regulatory setting. They might show to be inaccurate in the future and are topic to a quantity of danger components. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to replace publicly any forward-looking data or assertion, goals or traits contained on this doc whether or not consequently of new data, future occasions or in any other case. Information regarding danger components, which will have an effect on TotalEnergies’ monetary outcomes or actions is supplied in the most up-to-date Registration Document, the French-language model 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).

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