TOTALENERGIES SE: United States: TotalEnergies Acquires 1.5 GW Flexible Power Generation Capacity in Texas
13 Noviembre 2023 - 1:28AM
UK Regulatory
TIDMTTE
As part of its development as an integrated power player,
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed an
agreement with TexGen, a U.S.-based company to acquire for $635
million three gas-fired power plants with a total capacity of 1.5
GW in Texas.
The three plants, which are connected to ERCOT (Electric
Reliability Council of Texas), the second largest power market in
the United States, consist of the following:
-- The Wolf Hollow I plant with a 745 MW combined-cycle gas turbine (CCGT)
plant on the outskirts of Dallas.
-- The Colorado Bend I plant with a 530 MW CCGT and a 74 MW open-cycle gas
turbine (OCGT), south of Houston, provides additional flexibility to meet
exceptionally high demand, especially in the summer.
-- The La Porte site with a 150 MW OCGT, southeast of Houston.
These flexible assets, located close to Dallas and Houston, will
serve the fast-growing energy demand of these cities and will allow
to offset the intermittency of renewable power production. Their
importance was recently highlighted during weather events that
impacted power generation from renewable assets in Texas or led to
high seasonal peak demand.
The 1.5 GW additional flexible production capacity acquired by
TotalEnergies will complement its renewable capacity in Texas --
currently 2 GW gross installed, 2 GW under construction and more
than 3 GW under development -- and will strengthen its trading
capabilities in the gas and power markets.
This latest acquisition reinforces TotalEnergies' commitment to
delivering energy that is more available, affordable, and
sustainable for the 26 million ERCOT customers across Texas.
"We are delighted with the agreement signed with TexGen to
acquire 1.5 GW of CCGT in ERCOT. After the signing of several
corporate PPA over the last couple of years and the recent start-up
of the utility-scale Myrtle solar plant, this deal is a major
milestone for our Integrated Power strategy in the ERCOT market.
These plants will enable us to complement our renewable assets,
intermittent by nature, provide our customers with firm power, and
take advantage of the volatility of electricity prices", said
Stephane Michel, President Gas Renewables & Power at
TotalEnergies. "This acquisition will contribute positively to our
profitability target of 12% ROACE by 2028 for our Integrated Power
business segment."
This transaction remains subject to approval by the relevant
authorities.
***
TotalEnergies in the U.S
Operating in the United States since 1957, TotalEnergies is
focused on identifying opportunities to meet growing energy needs
while reducing carbon emissions. With a presence in more than 30
U.S. states, the Company is developing an integrated portfolio
combining 25 GW of operated and non-operated solar and wind
projects, storage, and trading. It is also the number one U.S.
exporter of LNG, a critical partner for intermittent renewable
energies.
TotalEnergies and electricity
As part of its ambition to get to net zero by 2050,
TotalEnergies is building a world class cost-competitive portfolio
combining renewables (solar, onshore and offshore wind) and
flexible assets (CCGT, storage) to deliver clean firm power to its
customers. In 2022, TotalEnergies generated more than 33 TWh of
electricity, and had a gross renewable electricity generation
installed capacity of 17 GW. TotalEnergies will continue to expand
this business to grow its power generation to more than 100 TWh by
2030, with the objective of being among the world's top 5 producers
of electricity from wind and solar energy.
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and
markets energies: oil and biofuels, natural gas and green gases,
renewables and electricity. Our more than 100,000 employees are
committed to energy that is ever more affordable, more sustainable,
more reliable and accessible to as many people as possible. Active
in nearly 130 countries, TotalEnergies puts sustainable development
in all its dimensions at the heart of its projects and operations
to contribute to the well-being of people.
@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
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forward-looking information and statements that are based on a
number of economic data and assumptions made in a given economic,
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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 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
Corporate Media Relations: +33 (0)1 47 44 46 99 l
presse@totalenergies.com l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l
ir@totalenergies.com
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SOURCE: TotalEnergies SE
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