AT A GLANCE 2022

Monein solar power plant in France

Electricity:
Scaling Up Across the Value Chain

We are pursuing our expansion in the renewable energies market with the goal of ranking among the top five global players by 2030. We are active across the entire electricity value chain, from production to sales, as well as in strategic storage to support the development of renewable energies, which are intermittent by nature.

Between 2017 and 2021, our renewable electricity production capacity rose from 0.8 to 10 gigawatts (GW). This reflects a sharp acceleration in our projects, including large solar projects and wind farms (onshore and offshore) and distributed solar generation for industrial and commercial customers. In 2021, major partnerships were signed, notably to develop large-scale solar projects in India and the United States. Today, more than 10% of our investments are channeled to renewables and electricity. Our goal is to lift our renewable electricity production capacity to 35 GW by 2025 and 100 GW by 2030.

We are also growing our footprint by staking out a position as a major electricity and gas provider in Europe, with nearly nine million B2B and B2C customers. To get the most out of intermittent energies, we are developing large-scale electricity storage and backing our power generation capacity with natural gas, the lowest-carbon fossil fuel. Over the last few years, we have acquired combined-cycle gas turbine plants in France, Spain and Belgium to increase our power generation capacity. We now have eight plants in Europe with a capacity of 3.5 GW, and a target of 5 GW by 2025.