September 25, 2020 Read More →

French oil major Total signs 3.3GW solar deal to power its European operations

PV Tech:

French oil major Total will aim to cover all the electricity consumption of its European industrial sites from solar power by 2025 after securing a new development agreement with Spanish firm Ignis.

Some 3.3GW of solar projects will be constructed by Ignis in Madrid and Andalucia, the first of which is due to start operations in 2022, with the ambition of bringing them all into production by 2025.

The deal consolidates Total’s presence in Spain following two agreements it signed in February with local companies Powertis and Solarbay Renewable Energy to develop nearly 2GW of solar projects in the country. As a result, the company’s solar construction pipeline in Spain now stands in excess of 5GW.

Total will purchase nearly 6TWh per year of green electricity generated by its Spanish solar sites through an agreement covering more than 3GW of solar farms, a deal it says represents “the largest corporate power purchase agreement in the world”.

Total announced plans earlier this year to become net zero by 2050, including a pledge for a 60% or more reduction in average carbon intensity of energy products used worldwide by the company’s customers.

[Jules Scully]

More: Total maintains Spanish solar push with 3.3GW development deal

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