TotalEnergies has announced its acquisition of a group of renewable energy projects from Low Carbon, a prominent player in the renewable energy sector. The agreement encompasses eight solar projects with a total capacity of 350 megawatts, along with two battery storage projects that have a combined capacity of 85 megawatts. These solar initiatives are already in advanced stages of development, with plans for them to become operational by 2028.
Olivier Jouny, SVP renewables at TotalEnergies, stated,“We are very pleased with the acquisition of this pipeline from the renewable developer Low Carbon. The acquisition of these solar and battery projects located in the south of England will complement our integrated electricity portfolio in the UK, which includes 1.1 GW of gross installed offshore wind, 1.3 GW of gross combined cycle gas turbine, and more than 600 MW of solar projects under development.”
Roy Bedlow, Chief Executive and Founder at Low Carbon, mentioned, “We are very pleased to have finalised this agreement with TotalEnergies, who are making an impressive commitment to building renewable infrastructure and sees Low Carbon deliver one of the largest ready-to-build portfolios of solar and battery projects in the UK market. Once built, these projects will make a vital contribution to the Government’s Clean Power 2030 ambition and reinforce Low Carbon’s track record for developing renewable assets of the highest quality, while supporting the build out of the rest of our renewables pipeline as we continue to scale as an independent power producer.”
Upon completion, the projects are anticipated to generate over 350 gigawatt-hours of clean electricity annually, sufficient to meet the electricity demands of approximately 100,000 households in the United Kingdom. This acquisition enhances TotalEnergies’ commitment to expanding its renewable energy portfolio and facilitating the transition to a cleaner energy future.
Source: TotalEnergies
