REG-TotalEnergies SE South Africa: TotalEnergies Launches Construction of a 216 MW Solar Plant with Battery Storage

TotalEnergies SEAnnouncement

15/12/2023 08:00

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South Africa: TotalEnergies Launches Construction of a 216 MW Solar Plant with
Battery Storage

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partners are launching
construction of a major hybrid renewables project in South Africa, comprising
a 216 MW solar plant and a 500 MWh battery storage system to manage the
intermittency of solar production.

Located in the Northern Cape province, the site will supply dispatchable
renewable electricity to the South African national grid for twenty years,
equivalent to over 400 GWh per year. Under the terms of a Power Purchase
Agreement signed in November, and thanks to the storage system, the project
will supply 75 MW of dispatchable power to the national utility Eskom on a
continuous basis from 5 a.m. to 9.30 p.m., i.e., for longer than the available
sunshine.

The project is being developed by a consortium of TotalEnergies (35%), Hydra
Storage Holding(1) (35%) and a B-BBEE(2) partner, Reatile Renewables (30%). It
has achieved financial close on 14 December and is expected to be operational
in 2025, as part of the Risk Mitigation Independent Power Producer Procurement
Programme launched by the Department of Mineral Resources and Energy to
develop electricity generation capacity and alleviate the country’s
electricity supply constraints.

“Together with our partners, we are pleased to launch this major solar power
generation and storage project in South Africa. Thanks to its innovative
hybrid design, it will enable us to supply continuous green electricity over a
longer period and beyond the hours of sunshine. This project will not only
contribute to the country’s energy transition, but also to strengthening the
resilience of its power system,” said Vincent Stoquart, Senior Vice
President, Renewables at TotalEnergies.

***

TotalEnergies and electricity

As part of its ambition to get to net zero by 2050, TotalEnergies is building
a world class cost-competitive portfolio combining renewables (solar, onshore
and offshore wind) and flexible assets (CCGT, storage) to deliver clean firm
power to its customers. At the end of 2023, TotalEnergies’ gross renewable
electricity generation installed capacity was 22 GW. TotalEnergies will
continue to expand this business to reach 35 GW in 2025 and more than 100 TWh
of net electricity production by 2030.

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets
energies: oil and biofuels, natural gas and green gases, renewables and
electricity. Our more than 100,000 employees are committed to energy that is
ever more affordable, more sustainable, more reliable and accessible to as
many people as possible. Active in nearly 130 countries, TotalEnergies puts
sustainable development in all its dimensions at the heart of its projects and
operations to contribute to the well-being of people.

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Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
This document may contain forward-looking information and statements that are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TotalEnergies SE
nor any of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in
this document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the most
recent Universal Registration Document, the French-language version of which
is filed by TotalEnergies SE with the French securities regulator Autorité
des Marchés Financiers (AMF), and in the Form 20-F filed with the United
States Securities and Exchange Commission (SEC).

(1 )Hydro Storage Holding (HSH) is developer owned by former Mulilo
shareholders

(2) Broad-Based Black Economic Empowerment (B-BBEE) is a program launched in
2003 by the South African government to remedy the inequalities of apartheid.
It is a certificate issued to companies that work towards greater economic
integration of the black community, and in return gives them a better chance
of winning government contracts.

TotalEnergies

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Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)



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