TOTALENERGIES SE: South Africa: TotalEnergies Launches Construction of a 216 MW Solar Plant with Battery Storage
15 Dicembre 2023 - 8:50AM
UK Regulatory
TIDMTTE
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partners
are launching construction of a major hybrid renewables project in
South Africa, comprising a 216 MW solar plant and a 500 MWh battery
storage system to manage the intermittency of solar production.
Located in the Northern Cape province, the site will supply
dispatchable renewable electricity to the South African national
grid for twenty years, equivalent to over 400 GWh per year. Under
the terms of a Power Purchase Agreement signed in November, and
thanks to the storage system, the project will supply 75 MW of
dispatchable power to the national utility Eskom on a continuous
basis from 5 a.m. to 9.30 p.m., i.e., for longer than the available
sunshine.
The project is being developed by a consortium of TotalEnergies
(35%), Hydra Storage Holding(1) (35%) and a B-BBEE(2) partner,
Reatile Renewables (30%). It has achieved financial close on 14
December and is expected to be operational in 2025, as part of the
Risk Mitigation Independent Power Producer Procurement Programme
launched by the Department of Mineral Resources and Energy to
develop electricity generation capacity and alleviate the country's
electricity supply constraints.
"Together with our partners, we are pleased to launch this major
solar power generation and storage project in South Africa. Thanks
to its innovative hybrid design, it will enable us to supply
continuous green electricity over a longer period and beyond the
hours of sunshine. This project will not only contribute to the
country's energy transition, but also to strengthening the
resilience of its power system," said Vincent Stoquart, Senior Vice
President, Renewables at TotalEnergies.
***
TotalEnergies and electricity
As part of its ambition to get to net zero by 2050,
TotalEnergies is building a world class cost-competitive portfolio
combining renewables (solar, onshore and offshore wind) and
flexible assets (CCGT, storage) to deliver clean firm power to its
customers. At the end of 2023, TotalEnergies' gross renewable
electricity generation installed capacity was 22 GW. TotalEnergies
will continue to expand this business to reach 35 GW in 2025 and
more than 100 TWh of net electricity production by 2030.
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, more sustainable,
more reliable and accessible to as many people as possible. Active
in nearly 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 TotalEnergies TotalEnergies 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
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forward-looking information and statements that are based on a
number of economic data and assumptions made in a given economic,
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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).
(1) Hydro Storage Holding (HSH) is developer owned by former
Mulilo shareholders
(2) Broad-Based Black Economic Empowerment (B-BBEE) is a program
launched in 2003 by the South African government to remedy the
inequalities of apartheid. It is a certificate issued to companies
that work towards greater economic integration of the black
community, and in return gives them a better chance of winning
government contracts.
TotalEnergies
Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l
ir@totalenergies.com
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SOURCE: TotalEnergies SE
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