TOTAL: Renewables: Total to develop 25 MW of solar rooftops in Thailand
06 Marzo 2020 - 1:20AM
UK Regulatory
TIDMTTA
Total (BOURSE:FP), through its affiliate Total Solar Distributed
Generation, has signed a binding contract to provide 25
megawatt-peak (MWp) of solar rooftops for 24 facilities of one of
the largest food companies in Thailand, Betagro.
Each one of these projects benefits from a 20-year Power
Purchase Agreement (PPA). Jointly they constitute one of the
largest portfolios of corporate PPAs in Thailand.
Equipped with over 62.000 solar panels, the projects are
designed to generate nearly 38 GWh of renewable electricity per
year, helping Betagro shrink its carbon footprint by 26.000 tons of
CO2 over the life of the solar rooftops while providing about 15%
of the company's total power consumption.
"With this project in Thailand, Total Solar Distributed
Generation continues to grow its reach in the dynamic solar market
in Southeast Asia where renewables will represent 30% of power
generation sources by 2040(1) ," said Julien Pouget, Senior Vice
President, Renewables at Total. "We are committed to helping our
commercial and industrial customers drive down both their energy
costs and carbon footprint by providing reliable fully integrated
solar solutions".
Mr. Vasit Taepaisitphongse, CEO and President, Betagro Group
said that "Betagro runs business on the sustainable way which not
only improve society's quality of life while reducing impact to
environment. We also have strong interest in clean and
environmentally friendly energy such as solar power. The
implementation of these solar-powered solutions will be very
beneficial to our operations, effectively managing to drive down
our costs and the impact on environment. We are confident that the
partnership with Total Solar Distributed Generation, will help
Betagro Group achieve these objectives."
Total and Low-Carbon Electricity
Total integrates climate change into its strategy and is staying
ahead of new energy market trends by building a portfolio of
low-carbon businesses that could account for 15 to 20% of its sales
by 2040. Total's gross low-carbon power generation capacity
worldwide is currently close to 7 gigawatts including 3 gigawatts
from renewable energies.
With over 5 GW of solar projects, announced since the beginning
of 2020, the Group is well on track to reach its objective of 25 GW
of installed power generation capacity from renewable sources by
2025.
About Total
Total is a major energy player that produces and markets fuels,
natural gas and low-carbon electricity. Our 100,000 employees are
committed to better energy that is safer, more affordable, cleaner
and accessible to as many people as possible. Active in more than
130 countries, our ambition is to become the responsible energy
major.
Cautionary Note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TOTAL S.A. directly or indirectly owns investments are separate
legal entities. TOTAL S.A. has no liability for their acts or
omissions. In this document, the terms "Total", "Total Group" and
Group are sometimes used for convenience. Likewise, the words "we",
"us" and "our" may also be used to refer to subsidiaries in general
or to those who work for them.
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 TOTAL S.A. 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.
(1) Source : International Energy Agency -
https://www.iea.org/reports/southeast-asia-energy-outlook-2019
Media Relations: +33 1 47 44 46 99 l presse@total.com l
@TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
View source version on businesswire.com:
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CONTACT:
Total
SOURCE: TOTAL
Copyright Business Wire 2020
(END) Dow Jones Newswires
March 06, 2020 02:20 ET (07:20 GMT)
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