REG-TotalEnergies SE Poland: TotalEnergies Invests in Renewable Energies with Biogas and Solar Projects

TotalEnergies SEAnnouncement

06/03/2023 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:20230306:nBw5bgj5ta&default-theme=true


Poland: TotalEnergies Invests in Renewable Energies with Biogas and Solar
Projects

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) is developing its renewable
activities in Poland by acquiring the country’s main biogas producer, Polska
Grupa Biogazowa (PGB), and a 200-megawatt (MW) development pipeline of solar
projects.

Poland, Europe’s Fourth-Largest Biogas Potential

With 130 employees in nine Polish regions, PGB is mainly involved in
generating renewable heat and power from biogas sourced from organic waste. It
owns and operates 17 facilities in production and one under construction, for
a total power generation capacity of 166 GWh per year(1). PGB's portfolio also
includes a development pipeline of 23 projects.

The acquisition of PGB raises TotalEnergies’ biogas production capacity to
1.1 TWh and gives the Company a leading position in the promising Polish
market, which represents Europe’s fourth-largest potential for biogas and
biomethane production, estimated at close 100 terawatt-hours (TWh).

Poland, a Dynamic Solar Market

TotalEnergies is also entering the Polish solar market with the acquisition of
six solar projects under development representing a production capacity of 200
MW. Located in northern and western Poland, the first solar farms are expected
to come on stream by 2025.

“These agreements illustrate TotalEnergies' commitment to developing its
renewable activities in Poland, and in Europe as a whole, to support the
European Green Deal,” said Stéphane Michel, President Gas, Renewables &
Power at TotalEnergies. “On the one hand, we are gaining a solid foothold in
Poland's biogas market thanks to an existing company’s proven track record,
experienced teams, and broad asset base. On the other hand, we are developing
our presence in renewable energies with a portfolio of solar projects. With
these two transactions, we are pleased to be able support Poland in its
ambition to develop renewable energies and strengthen its energy sovereignty.
We hope we will also have the opportunity to provide Poland with our expertise
in offshore wind, an area in which we have formed a partnership with KGHM."

***

TotalEnergies, Europe Second Largest Biogas Producer

TotalEnergies is one of the segment leaders in Europe, with now 1,1 TWh of
biogas production capacity, and aims to become a major player internationally
by partnering with market leaders such as Clean Energy in the United States.
The Company is active across the entire value chain, from project development
to marketing of this renewable gas and its by-products (biofertilizers,
bioCO(2)). It aims to produce at least 20 TWh per year by 2030, which
represents the average annual gas consumption of four million French
consumers, and a reduction in CO(2) emissions of around four million tons.

TotalEnergies and renewable 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 2022,
TotalEnergies' gross renewable electricity generation installed capacity stood
at almost 17 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 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.

@TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergies&esheet=53356683&newsitemid=20230305005134&lan=en-US&anchor=%40TotalEnergies&index=1&md5=460f9836f7e149402b98a0896aa29c01)
| TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ftotalenergies%2F&esheet=53356683&newsitemid=20230305005134&lan=en-US&anchor=TotalEnergies&index=2&md5=6deebc6bd24e181249059075431e97cc)
| TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.facebook.com%2FTotalEnergiesFrance%2F&esheet=53356683&newsitemid=20230305005134&lan=en-US&anchor=TotalEnergies&index=3&md5=98bb75118fafe4152efe4ac652d42f40)
| TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.instagram.com%2Ftotalenergies%2F&esheet=53356683&newsitemid=20230305005134&lan=en-US&anchor=TotalEnergies&index=4&md5=3db9373ea128c021d544770ae38e66a9)

TotalEnergies Contacts

Media Relations: +33 1 47 44 46 99 | presse@totalenergies.com
(mailto:presse@totalenergies.com) | @TotalEnergiesPR 
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergiesPR&esheet=53356683&newsitemid=20230305005134&lan=en-US&anchor=%40TotalEnergiesPR&index=5&md5=5de9be37f3e49a63061cbcfe00463ea5)

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

Cautionary Note

This press release, from which no legal consequences may be drawn, is for
information purposes only. The entities in which TotalEnergies SE directly or
indirectly owns investments are separate legal entities. TotalEnergies SE has
no liability for their acts or omissions. The terms “Company” or
“TotalEnergies company” refer collectively to the company TotalEnergies SE
and the companies it controls directly or indirectly. Such terms are used
solely for the sake of convenience for purposes of the present communication.
Likewise, the words “we”, “us” and “our” may also be used to refer
to subsidiaries in general or to those who work for them. 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.

(1) This represents nearly 0.4 TWh in biomethane equivalent (i.e., if the same
installations produced biomethane, with the same inputs, and based on 1 MW =
20.5 GWh/year of biomethane equivalent).



View source version on businesswire.com:
https://www.businesswire.com/news/home/20230305005134/en/
(https://www.businesswire.com/news/home/20230305005134/en/)

TotalEnergies


Copyright Business Wire 2023