The Shareholders' Newsletter SN#65

Latest News : The latest highlights



Renewable gas

In January 2021, Total announced the acquisition of Fonroche Biogaz, a company that designs, builds and operates anaerobic digestion units in France. With close to 500 GWh of installed capacity, Fonroche Biogaz is the French market leader in the production of renewable gas with more than a 10% market share. With this acquisition, Total becomes a major player in renewable gas in France and Europe, and significantly strengthens its presence in the sector, already effective through its affiliates Méthanergy (combined heat and power production from biogas) in France, PitPoint and Clean Energy (biomethane production and distribution via a network of Bio-CNG/Bio-LNG stations) in Benelux and the United States respectively. By 2030, Total plans to produce 4 to 6 TWh of biomethane a year.


Solar power

In January, Total announced the acquisition of a 20% interest in Adani Green Energy Limited (AGEL) from the Indian Adani Group. Total and Adani agreed the acquisition of a 50% stake in a 2.35 GWac portfolio of operating solar assets owned by AGEL and a 20% stake in the same company for a global investment of $2.5 billion. AGEL,#1 global solar power generation asset has over 14.6 GW of contracted renewable capacity, with an operating capacity of 3 GW and another 3 GW under construction and 8.6 GW under development. The partnership with AGEL will be a key contributor to Total’s objective of reaching 35 GWp of gross production capacity from renewable sources by 2025.

© Total

United Kingdom

Offshore wind

Total and the Green Investment Group are to develop an offshore wind project that could deliver up to 1.5 GW of electricity and will enable the two partners to expand in the UK, which is Europe's most mature market for offshore wind and provides steady growth perspectives.



Liquefied Natural Gas

In November 2020, Total and CMA CGM performed the largest Liquefied Natural Gas (LNG) bunkering operation to ever take place at the Port of Rotterdam, with the bunkering of the world’s largest containership powered by LNG. The pioneering bunkering operation demonstrates Total’s pledge to advance the use of LNG as a marine fuel, the best, immediately available solution in terms of energy transition to help reduce the carbon footprint of maritime transport. 


Renewable hydrogen

In January 2021, Total and Engie signed a cooperation agreement to design, develop, build and operate the Masshylia project, France’s largest renewable hydrogen production site. Located at the heart of Total’s La Mède biorefinery and powered by solar farms, the 40 MW electrolyzer will produce 5 tonnes of green hydrogen per day to meet the needs of the biofuel production process at the biorefinery, avoiding 15,000 tonnes of CO2 emissions per year. The project integrates the implementation of innovations that prefigure the industry's decarbonation solutions, without any precedent in Europe, in particular a digital piloting system for the continuous supply of hydrogen with real-time management of solar electricity production. The two partners aim to begin construction of the facilities in 2022, with a view to production in 2024.

United States

Solar and energy storage

Total and 174 Power Global, a Hanwha Group affiliate, announced the creation of a joint venture (50/50) in January 2021 to develop 12 utility-scale solar and energy storage projects of 1.6 GW cumulative capacity in the United States. The first project started production in 2020, and the remainder will be put on stream between 2022 and 2024. This transaction is a first significant step for Total in the US utility scale solar market. Total also strengthened its presence in the U.S. market in February by acquiring a development pipeline of 2.2 GW of solar projects, and 600 MW of battery storage assets, all located in Texas. The projects are bought from SunChase Power, a renewable energy company focused on developing utility-scale energy projects, and MAP RE/ES, a private energy investment firm.