TotalEnergies expands its renewable portfolio in the United States

TotalEnergies on Wednesday announced the acquisition of Texas-based Core Solar, which has more than 4 gigawatts of solar projects, allowing the French energy giant to strengthen its renewable energy portfolio in the United States, according to a press release. .

Core Solar, based in Austin, Texas – the amount of the acquisition of which is not disclosed – owns “more than 4 GW of solar and storage projects in various stages of development in different states and US electric markets“. Its CEO, Greg Nelson, and its employeeswill integrate the teams of TotalEnergies“, indicates the French group. “With this acquisition, TotalEnergies strengthens its presence in the United States, where the company now has a portfolio of renewable projects of more than 10 GW in operation, under construction and in development.“, specifies the press release. “We are excited to expand our portfolio of solar projects in the United States, a key region to reach our goal of 100 GW of renewable power generation capacity worldwide by 2030“Commented Vincent Stoquart, Renewables Director of TotalEnergies, quoted in the press release.

This operation “will allow us to multiply our strike force on the American solar market» and the Core Solar teams will «contribute to TotalEnergies’ ambition to become the leader in solar energy in the United States“said Greg Nelson for Core Solar. In the United States, TotalEnergies is already developing several solar projects.in large scaleand has also undertaken the development of a 3 GW offshore wind farm off New York and New Jersey. In the solar on buildings sector, it also acquired in the first quarter of 2022 the industrial and commercial solar activities of SunPower.

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