Total bags about 131 MW of solar power projects in France
Category: #energy-and-environment  By Saipriya Iyer  Date: 2020-04-24
  • share
  • Twitter
  • Facebook
  • LinkedIn
Total bags about 131 MW of solar power projects in France

French multinational integrated oil & gas firm, Total SA has recently announced that it has bagged multiple solar power generation projects from a government tender in France, which aggregates to a total capacity of 131 megawatts.

Reportedly, the solar energy projects, which holds nearly 20% of the all projects, were awarded by CRE 4, the French energy regulatory commission. Total revealed that these projects would be operated by Quadran, a fully-owned subsidiary of Total that produces and develops green energy in France.

One of the largest projects amongst these awarded tenders would be Valenciennes’ 50 MWp ground-mounted solar plant, becoming Total Quadran’s largest solar plant up till date. Sources cite that it would be installed on the company’s old refinery facility that has since then been redeveloped. Evidently, the solar unit would be able to supply green electricity to almost 32,000 people once it becomes operational by 2022.

Commenting on the move, Thierry Muller, General Manager, Total Quadran, said that the company is proud to be named amongst the nation’s renewable energy leaders, and the results of this tender callout further illustrate the firms’ ability to create competitive, solid bids in an extremely competitive market.

Meanwhile, Total’s initiative to solarize industrial units by improving brownfield plants could play a key role in strengthening its dominance, something that the company intends to carry on, added Muller.

In other news, Total made another splash in the oil & gas sector when it inked an agreement with Tullow, a British oil company, to purchase its entire interests in the oil sector of Uganda, which includes the East African Crude Oil Pipeline.

Elaborating on the details of the deal, Total revealed that it would pay $575 million to buy Tullow's entire shares, which constitutes for 33.3% in Uganda's oil sector. Total said that it is planning to make an initial payment of $500 million at closing followed by a payment of $75 million when the partners come to a Final Investment Decision to commence Uganda's oil project.

Source Credit: https://finance.yahoo.com/news/total-wins-solar-power-projects-173027296.html

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Saipriya Iyer

Saipriya Iyer    

Saipriya Iyer currently works as a content developer for GroundAlerts. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had previous experience of 3 years under her belt, she has dabbled with website ...

Read More >>

More News By Saipriya Iyer

IP Telephonic Market Segmentation, Analysis by Recent Trends, Development by Regions to 2026
IP Telephonic Market Segmentation, Analysis by Recent Trends, Development by Regions to 2026
By Saipriya Iyer

IP Telephonic market aims to decode lucrative investment opportunities in the business sphere and educate readers about the bottlenecks created by Covid-19 pandemic. The IP Telephonic market report incorporates all key aspects such as the predominan...

Latest Study explores the Anomaly Detection Market Witness Highest Growth in near future
Latest Study explores the Anomaly Detection Market Witness Highest Growth in near future
By Saipriya Iyer

Market Study Report, LLC, adds a thorough analysis of the ' Anomaly Detection market', offering a comprehensive report emphasizing every vital aspect of the business vertical. The study has collectively presented refined data characterized by market ...

Land Management Software Market Research Key Players, Industry Overview, Supply Chain and Analysis to 2021 – 2026
Land Management Software Market Research Key Players, Industry Overview, Supply Chain and Analysis to 2021 – 2026
By Saipriya Iyer

The ' Land Management Software Market' research report added by Market Study Report, LLC, delivers a comprehensive analysis on the newest market drivers. The report also offers extracts regarding statistics, market valuation and revenue estim...