Total bets on US solar
The major snaps up a portfolio including an asset already in production, while Equinor remains at the testing phase
Europe’s largest oil and gas firms might be uniform in their trend of reorienting their traditional business models to also encompass new energies, but the speed and scale of their ambitions are significantly divergent. Two announcements within an hour of each other on Thursday from Total and Norway’s Equinor served to emphasise the point. Total swooped to take a 50pc share in a portfolio of 12 US utility-scale solar and energy storage projects with a 1.6GW cumulative capacity owned by 174 Power Global, a subsidiary of South Korea’s Hanwha Group. Across sites located in Texas, Nevada, Oregon, Wyoming and Virginia, the first project started production in 2020 and the remainder will be put ons
Also in this section
23 October 2024
Next government faces the difficult task of balancing decarbonisation ambitions with energy security realities
21 October 2024
Gulf Energy Information will host the largest women's event in the energy industry on 19–20 November in Houston, Texas
10 October 2024
The Gulf Energy Information Excellence Awards 2024 celebrated the industry's top innovators at a gala in Houston, recognising achievements in categories ranging from digital transformation to sustainability
4 October 2024
Boost for CCUS and blue hydrogen projects as government confirms funding for HyNet and East Coast clusters