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DJ Total Acquires 2.2GW of US Solar Projects in Development

· 02/05/2021 04:00

By Giulia Petroni

Total SE said Friday that it has acquired a development pipeline of 2.2 gigawatts of solar projects and 600 megawatts of battery storage assets in Texas, U.S, from renewable energy company SunChase Power LLC and private investment firm MAP RE/ES.

The French oil-and-gas major said the pipeline includes four large-scale solar projects with battery energy storage systems. Construction of the first two projects should begin later this year, according to the company, and all projects are set to come online between 2023 and 2024.

The remuneration will be in the form of staged payments as the projects advance, Total said. No financial details were disclosed.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

February 05, 2021 04:00 ET (09:00 GMT)

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