TotalEnergies will install 1GW of solar power in 2023. Photo by: Markus Spiske / Unsplash.

French oil giant TotalEnergies has announced that it will install 1 GW of green Power Purchase Agreements for self-consumption on the sites of its B2B customers this year.

The projects will directly generate energy for business customers, particularly in the mining, cement, retail and agriculture industries.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The company installs solar panels for their commercial customers on rooftops, carports or vacant industrial land for self-consumption by the company. In a press release, a company spokesperson said that they expect more than 500 industrial and commercial projects to be completed by the end of 2023.

TotalEnergies vice president of solar distributed generation Matthieu Langeron said: “In a context of unstable and rising energy prices, we provide not only decarbonised energy but also visibility on energy prices as well as technical support.”

This announcement comes among a number of other renewable developments from the company as it aims to diversify away from petroleum products.

See Also:

In 2021 the business changed their name from Total to TotalEnergies. This follows similar moves from Denmark’s Dong which changed its name to Ørsted as part of a green rebrand in 2017 and Norway’s Statoil became Equinor in 2018.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In TotalEnergies’ 2022 environmental report CEO Ptraick Pouyanné described the name change as part of “a new ambition to become a major player in the energy transition” with over half of the energy produced coming from renewable sources by the year 2050. This will require the development 400 GW of renewable capacity.

Last year, the company dedicated a quarter of total investment to renewables and electricity generation.