South Korea
Offshore wind
In September, Total and Macquarie’s Green Investment Group (GIG), concluded a 50/50 partnership to develop a portfolio of five large floating offshore wind projects in South Korea with a potential cumulated capacity of more than 2 gigawatts (GW). The partners aim to launch construction of the first project of around 500 megawatts by end 2023.
Europe
Batteries
Groupe PSA/Opel and Total/Saft signed an agreement in September for the creation of a joint venture dedicated to the manufacture of batteries in Europe: Automotive Cells Company (ACC). Total/Saft will contribute its expertise in Research & Development (R&D) and industrialization, and Groupe PSA its knowledge of the automotive market and its experience in mass production. The R&D center in Bordeaux and the pilot site in Nersac (France) have already started in order to develop the new high‑performance lithium‑ion cell technologies. At the end of this R&D phase, mass production could be launched in two “gigafactories”, in Douvrin (France) and Kaiserslautern (Germany).
France
Biofuels and bioplastics
In September, Total announced the conversion of its Grandpuits refinery into a zero‑crude platform. By 2024, following an investment totaling more than €500 million, the platform will focus on four new industrial activities: production of renewable diesel primarily intended for the aviation industry, production of bioplastics, plastic recycling, operation of two photovoltaic solar power plants. Crude oil refining at the plant will be discontinued in the first quarter 2021 and storage of petroleum products will end in late 2023. Operations at service stations and airports in the Greater Paris region will not be affected: they will be supplied by the refineries at Donges and Normandy. Total will carry out this industrial redeployment with no layoffs, with early retirements and internal mobility within the Group’s sites, providing each employee with an appropriate solution.
Spain
Renewables
In September, Total strengthened its presence in the Spanish electricity market through an agreement with the Spanish developer Ignis to develop 3.3 gigawatts (GW) of solar projects close to Madrid and in Andalusia. The first projects in the Ignis portfolio are scheduled to start in 2022, with the ambition of bringing them all into production by 2025. This operation brings to more than 5 GW Total’s portfolio of solar projects under development in Spain by 2025. This solar power portfolio will enable the Group to cover all the electricity consumption of its industrial sites in Europe by 2025.
United Kingdom
Electrical Vehicle charge points
Total is taking over the management and operation of the largest electric vehicle charging network in London, which includes over 1,600 on‑street charge points. Already active in the installation and operation of charge point networks in the Metropolitan Region Amsterdam (Netherlands) and the Brussels‑Capital Region (Belgium), this acquisition reinforces Total’s position as a key player in electric mobility in Europe. Total is continuing its development in major European cities, in line with its ambition of operating more than 150,000 electric vehicle charge points by 2025.
