Retail Supplier Affiliate & Oil Major To Jointly Develop 1.6 GW Of Solar And Energy Storage Projects In The U.S., Including Texas
January 14, 2021 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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Total and 174 Power Global, a wholly owned Hanwha Group affiliate, have signed an agreement to form a 50/50 joint venture (JV) to develop 12 utility-scale solar and energy storage projects of 1.6 gigawatts (GW) cumulative capacity in the United States, transferred from 174 Power Global’s development pipeline.
174 Power Global is affiliated with Chariot Energy, a retail energy provider that provides 100% solar energy in the Texas market.
The first project under the JV started production in 2020, and the remainder will be put on stream between 2022 and 2024. The projects 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," said Julien Pouget, Director Renewables of Total.
Since its formation in 2017, 174 Power Global has signed over 3 gigawatts (GW) of power purchase agreements (PPAs) with more than 8 GW of additional solar projects and 10GWh of ESS projects in the development pipeline.