French energy giant Total SE has signed an agreement with 174 Power Global to create a 50/50 joint venture (JV) aimed at developing 12 utility-scale solar and storage projects for 1.6 GW of combined capacity in the US.
Total said Thursday that these projects have been transferred from a pipeline developed by 174 Power Global, a US-based solar and storage company and a wholly-owned affiliate of South Korean conglomerate Hanwha Group.
According to a map that Total posted on its website, the JV pipeline consists of ten solar and two energy storage projects.
One project reached production stage in 2020, while the remaining ones are expected to go live between 2022 and 2024. The project sites are located in Texas, Nevada, Oregon, Wyoming and Virginia.
“This transaction is a first significant step for Total in the US utility scale solar market, in line with our 2025 ambition to achieve 35 GW of renewables production capacity worldwide. I am confident that this will pave the way to more opportunities in the US renewables and storage market,” Julien Pouget, Director Renewables at Total, said in a statement.