Total Acquires Nearly 3 GW Of Solar, Storage In Texas
February 5, 2021 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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Total announced that it is acquiring a development pipeline of 2.2 GW of solar projects, and 600 MW of battery storage assets, all located in Texas, from SunChase Power, and MAP RE/ES, a private energy investment firm.
This announcement comes after recent news of a joint venture with 174 Power Global to develop 1.6 GW in the United States.
The newly announced pipeline consists of four large-scale solar projects, each with co-located battery energy storage systems (BESS), in industrial areas close to Houston that have high demand for electricity. Construction of the first two projects is expected to start later this year. All projects will come online between 2023 and 2024.
The remuneration paid by Total to Sunchase and MAP RE/ES will be in staged payment as the projects advance.
Total will commit to a 1 GW corporate PPA sourced from this solar power and energy storage portfolio in order to cover all the electricity consumption of its operated industrial sites in the U.S., including the Port Arthur refining and petrochemicals platform and La Porte and Carville petrochemical sites.
With this latest acquisition, Total is now developing close to 4 GW of renewable power capacity in the U.S.