REG-TotalEnergies SE Energy transition & Renewables: TotalEnergies partners with Petronas in Asia-Pacific

TotalEnergies SEAnnouncement

26/06/2023 17:00

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Energy transition & Renewables: TotalEnergies partners with Petronas in
Asia-Pacific

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the signature of a
Strategic Collaboration Agreement with Gentari Renewables Sdn Bhd, the clean
energy solutions company of Petronas, to develop renewable energy projects in
the Asia Pacific region. Already collaborating in the upstream sector in 8
countries around the world, this agreement further strengthens
TotalEnergies’ partnership with Petronas in the energy transition.

This agreement was signed on the sidelines of the Energy Asia Conference in
Kuala Lumpur by Julien Pouget, Senior Vice President Asia Pacific for
Exploration & Production and Renewables, and Sushil Purohit, Chief
Executive Officer of Gentari, in the presence of Patrick Pouyanné, Chairman
and CEO of TotalEnergies and Tan Sri Tengku Muhammad Taufik, Gentari Chairman
as well as Petronas President and Group CEO.

Under this agreement, TotalEnergies and Gentari will jointly develop the 100MW
Pleasant Hills Solar Project in Queensland, Australia, to supply low-carbon
electricity to the Roma field’s gas production and processing facilities.
TotalEnergies and Gentari’s parent company, Petronas, each hold a 27.5%
stake in Gladstone LNG.

“We are pleased to join forces with our long-standing partner Petronas,
through Gentari, to deploy renewable energies in Asia-Pacific and decarbonize
our own facilities leveraging on our respective strengths: through this
Strategic Collaboration Agreement, we are paving the way for very concrete
action plans ranging from implementing best practices to eliminate methane
emissions, to energy efficiency and electrification with low carbon power,”
commented Julien Pouget, Senior Vice President Asia Pacific for Exploration
& Production and Renewables at TotalEnergies. “The 100MW Pleasant Hills
Solar Project, which will contribute to lowering the emissions of Gladstone
LNG, is a first material implementation of this agreement.”

“To achieve our joint decarbonization goals, it is critical to harness all
our capabilities, capacity and resources efficiently. This includes optimizing
our existing partnerships and working to decarbonize our own business
entities. Gentari’s latest partnership with TotalEnergies therefore, will
provide a new momentum in our net-zero efforts, and to build the right
ecosystem for growth in clean energy and net zero solutions,” commented
Sushil Purohit, CEO of Gentari.

***

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. By the first half of
2023, TotalEnergies' gross renewable electricity generation installed capacity
was 18 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.

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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).

TotalEnergies

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