TotalEnergies strengthens its solar activities in Eastern Europe with the acquisition of five photovoltaic projects in Romania
Romania, 04 july 2023 – TotalEnergies announces the acquisition of a portfolio of five solar projects in the North West part of Romania from its trusted partner PNE, a German developer. With a total capacity of more than 200 MW, these projects will help securing the supply of local renewable electricity to meet the country’s needs.
The commissioning of these five solar farms will enable TotalEnergies to provide its B2B customers with locally produced green electricity through power purchase agreements (PPA) from 2025. It will provide access to stable-priced, local, low-carbon renewable electricity through long-term contracts.
To preserve the agricultural vocation of the sites, TotalEnergies will set up agri-pasture on the 200 hectares of land where the farms are located in order to develop sheep farming in the north-west of Romania, near the Hungarian border.
"The acquisition of these five solar projects in Romania is a perfect illustration of TotalEnergies' commitment to develop its renewable energy activities in the country, and more broadly in Eastern Europe, in support of the European Green Deal," said Marin de Montbel, VP Renewable Explorer - New Markets. "The development of these projects allows us to deploy the Company's expertise in solar power generation and strengthens our presence in Eastern Europe with the acquisition of a portfolio of solar projects in Poland with a total capacity of 200 MW. We are proud to become a partner of choice to support Romania in diversifying and decarbonizing its energy mix from renewable energy."
Markus Lesser, CEO of PNE AG: "We are delighted that TotalEnergies has placed its trust in our recognized expertise in the field of photovoltaics."
***
TotalEnergies and renewable electricity
As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in electricity and renewables. At the end of 2022, TotalEnergies' gross renewable electricity generation installed capacity stood at almost 17 GW. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources and storage by 2025, and then 100 GW by 2030, with the objective of being among the world's top 5 producers of electricity from wind and solar energy.
About TotalEnergies in Romania
Having started in Romania in 1998 with its lubricant activity first, TotalEnergies is present on the Romanian market through 4 companies - Hutchinson, TotalEnergies Marketing, AS24 Romania and TotalEnergies Global Services Bucharest– and it’s located between Bucharest and the surroundings of Brasov, with over 1400 active employees.
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies on social media
Twitter : @TotalEnergies
LinkedIn : @TotalEnergies
Facebook : @TotalEnergies
Instagram : @TotalEnergies
Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).