DJ Total Acquires 2.2GW of US Solar Projects in Development
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.
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(END) Dow Jones Newswires
February 05, 2021 04:00 ET (09:00 GMT)
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