REG-TotalEnergies SE New Caledonia: TotalEnergies and Prony Resources New Caledonia Join Forces for the Territory's Energy Transition through a 160 MW Solar Projet

TotalEnergies SEAnnouncement

20/12/2021 08:00

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New Caledonia: TotalEnergies and Prony Resources New Caledonia Join Forces for
the Territory's Energy Transition through a 160 MW Solar Projet

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) will develop a series of
photovoltaic and energy storage projects in New Caledonia in order to deliver
decarbonized electricity via a 25-year renewable power purchase agreement
(PPA) for the industrial operations of mining and metallurgy consortium Prony
Resources New Caledonia.

Between 2022 and 2025, the Company, will develop, in successive phases,
ground-based photovoltaic arrays with installed capacity of 160 MW, as well as
340 MWh of energy battery storage capacity. Most of the installations will be
located on property owned by the Grand Sud hydrometallurgical plant. The first
photovoltaic power plant (30 MW) is scheduled to come on stream in 2023.

Ultimately, the project will cover nearly two-thirds of the site's electricity
needs and will help avoid close to 230,000 tons of CO(2) emissions. This
project strengthens Prony Resources New Caledonia's ambition of achieving
carbon neutrality by 2040.

By combining solar energy and energy storage to replace electricity generated
from coal, TotalEnergies is demonstrating its ability to provide a sustainable
energy solution to Prony Resources New Caledonia while meeting demanding
local, industrial, environmental and social requirements.

"Prony Resources New Caledonia's commitment to decarbonization is both
ambitious and pioneering in the industry. We are very proud to support their
energy transition, and that of New Caledonia," said Thierry Muller, CEO of
TotalEnergies Renewables France. "As industrial firms, we think and act
responsibly. Our two companies are committed to protecting natural resources
and biodiversity, and to improving the situation of local communities. With
this long-term partnership, we are demonstrating that it is possible to
support industrial activity in New Caledonia and participate in a sustainable
development approach at the same time."

"Certainly, one of the most important pathways in our industrial
transformation – an orderly and assertive transition of our energy mix
towards renewables – allows Prony Resources to ensure that its electric
vehicle battery manufacturer customers are supplied with high environmental
quality nickel and cobalt while contributing to New Caledonia's sustainable
development. The choice of TotalEnergies brings in world-class industrial
expertise and opens the door to exciting opportunities and innovations in the
years ahead," declared Antonin Beurrier, Chairman of Prony Resources New
Caledonia.

TotalEnergies and renewable electricity

As part of its ambition to get to net zero by 2050, TotalEnergies is building
a portfolio of activities in renewables and electricity. At the end of
September 2021, TotalEnergies' gross renewable electricity generation capacity
is 10 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 105,000 employees are committed to energy that is ever more
affordable, cleaner, more reliable and accessible to as many people as
possible. Active in more than 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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About Prony Resources New Caledonia

A participant in the global energy transition, Prony Resources sustainably
contributes to New Caledonia’s development by processing its nickel and
cobalt resources in accordance with the highest industrial and environmental
standards.

Prony Resources’ metallurgical products are particularly well-suited to the
requirements of electric vehicle battery manufacturers and the world’s
largest automakers.

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.
TotalEnergies SE has no liability for the acts or omissions of these 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 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
(mailto:ir@totalenergies.com)

TotalEnergies Renewables France 

Elodie Billerey : +33 6 69 99 38 95 | elodie.billerey@totalenergies.com
(mailto:elodie.billerey@totalenergies.com)

Prony 

Adelie Garaud Ballande : +687 76 09 20 | adelie.ballande@vale.com
(mailto:adelie.ballande@vale.com)



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