REG-TotalEnergies SE Brazil: TotalEnergies, Petrobras and Casa dos Ventos will Explore Together Business Opportunities in Renewables

TotalEnergies SEAnnouncement

15/09/2023 07:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230915:nBw8jJ1ZPa&default-theme=true


Brazil: TotalEnergies, Petrobras and Casa dos Ventos will Explore Together
Business Opportunities in Renewables

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), Petrobras and Casa dos Ventos
Holding signed a Memorandum of Understanding to evaluate perspectives and
joint opportunities in renewable energy and low-carbon hydrogen in Brazil.

This agreement will enable the three companies to jointly study opportunities
of investment and offtake in onshore wind, offshore wind, solar and low-carbon
hydrogen in the country, capitalizing on their combined synergies.

Each company will bring their distinct skills to the cooperation. Casa dos
Ventos Holding, the JV formed by TotalEnergies and Casa dos Ventos is the
leader of wind and solar energy in Brazil with a 12 GW portfolio to be
developed in the coming years. Petrobras is the largest Brazilian Energy
company with recognized technical expertise in the energy domain. As for
TotalEnergies, it brings its global multi-energy know-how and industrial
approach to the partnership.

“Brazil is a great country for developing renewable energies. We are
therefore delighted to join forces with Casa dos Ventos and Petrobras to
identify potential synergies between our activities, and thus develop
profitable renewables opportunities”, said Patrick Pouyanné, Chairman and
CEO of TotalEnergies.

***

About TotalEnergies in Brazil

TotalEnergies has been operating in Brazil for almost 50 years, through six
subsidiaries, and today employs more than 3,500 people in its business
segments, in Exploration & Production, gas, renewable electricity (solar
and wind), lubricants, chemicals and distribution. TotalEnergies' Exploration
& Production portfolio currently includes 11 licenses, of which 4 are
operated. In 2022, the Company's average production in the country was 104,000
barrels of oil equivalent per day. TotalEnergies is investing in the growth of
the renewable energy segment in Brazil. TotalEnergies' subsidiary Total Eren
has 300 MW of solar and wind projects in operation. In October 2022, the
company entered into a partnership with Casa dos Ventos, Brazil's leading
renewable energy player, to jointly develop a 12 GW renewable energy
portfolio. TotalEnergies is also active in the Brazilian fuel distribution
market with a network of about 240 filling stations as well as several storage
facilities for petroleum products and ethanol.

TotalEnergies and renewables electricity

As part of its ambition to get to net zero by 2050, TotalEnergies is building
a portfolio of activities in electricity and renewables. At the end of July
2023, TotalEnergies' gross renewable electricity generation installed capacity
was 19 GW. TotalEnergies will continue to expand this business to reach 35 GW
of gross production capacity from renewable sources and storage by 2025, and
then 100 GW by 2030 with the objective of being among the world's top 5
producers of electricity from wind and solar energy.

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, cleaner, 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.

@TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergies&esheet=53555538&newsitemid=20230914186303&lan=en-US&anchor=%40TotalEnergies&index=1&md5=44e5e9072e8c3535705037c726a21ee2)
TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ftotalenergies%2F&esheet=53555538&newsitemid=20230914186303&lan=en-US&anchor=TotalEnergies&index=2&md5=5c3508d8cefbb58d36203659f38bc146)
TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.facebook.com%2FTotalEnergiesFrance%2F&esheet=53555538&newsitemid=20230914186303&lan=en-US&anchor=TotalEnergies&index=3&md5=286ac9925d99c7ebead3a7bd8285b284)
TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.instagram.com%2Ftotalenergies%2F&esheet=53555538&newsitemid=20230914186303&lan=en-US&anchor=TotalEnergies&index=4&md5=41d679e9b000423c8106cbce60b9df05)

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).

TotalEnergies 

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergiesPR&esheet=53555538&newsitemid=20230914186303&lan=en-US&anchor=%40TotalEnergiesPR&index=5&md5=1e5692235c2930e0cf17e34dca6c53cf)

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



View source version on businesswire.com:
https://www.businesswire.com/news/home/20230914186303/en/
(https://www.businesswire.com/news/home/20230914186303/en/)

TotalEnergies


Copyright Business Wire 2023