Since 2020, TotalEnergies has acquired a more than 5 gigawatt (GW) portfolio of solar projects in Spain and a 2.2 GW portfolio of solar projects in the United States.
Ultimately our traders will be able to acquire part of these solar farms’ output - around 6 terawatts-hour per year in Spain and 1 GW per year in the United States. For each megawatt-hour (MWh) we purchase, we will receive an electronic certificate certifying that it is renewable. This is known as a Guarantee of Origin.
This project will allow us to cover 100% of the electricity needs of our industrial, commercial and administrative sites in Europe by 2025 and of our operated industrial facilities in the United States, including the refining and petrochemical complexes in Port Arthur, Texas and the petrochemical sites in La Porte, Texas and Carville, Louisiana.
The strength of this decarbonization project lies in its replicability, both within TotalEnergies and with our potential customers. It restates our ambition to get to net zero by 2050, not only across all our global operations (Scope 1 and 2), but also the energy products we sell to our customers (Scope 3).
2 million
tons of CO2 avoided
a year in Europe