REG-TotalEnergies SE South Africa: TotalEnergies Signs Renewable Power Purchase Agreements with Sasol and Air Liquide

TotalEnergies SEAnnouncement

23/02/2023 07:45

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South Africa: TotalEnergies Signs Renewable Power Purchase Agreements with
Sasol and Air Liquide

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed Corporate Power
Purchase Agreements (CPPA) with Sasol South Africa and Air Liquide Large
Industries South Africa for the supply of 260 MW capacity of renewable
electricity over 20 years.

TotalEnergies will develop a 120 MW solar plant and a 140 MW windfarm in the
Western Cape province to supply around 850 GWh of green electricity per year
to the Sasol’s Secunda site, located 700 kilometers further North-East,
where Air Liquide operates the biggest oxygen production site in the world.

The two projects will provide competitive and available renewable electricity
to decarbonize Sasol and Air Liquide’s production. These agreements
demonstrate TotalEnergies’ positioning to contribute to the evolution of the
energy mix in South Africa. The projects will have a direct impact on the
local community through job creations.

“Power generation in South Africa is still 80% based on coal and power cuts
occur daily. With these developments we are proud to support Air Liquide and
Sasol for their supply of green electricity. Meanwhile, we are pleased to
contribute to South Africa’s energy transition which consists of increasing
its share of renewables and gas as an alternative to coal” said Vincent
Stoquart, Senior Vice President, Renewables at TotalEnergies. “There is a
dynamic market for corporate PPAs in South Africa and we want TotalEnergies to
take a strong leadership position.”

The two projects are expected to be operational in 2025. The CPPAs with SASOL
and Air Liquide were signed with a consortium of TotalEnergies Marketing South
Africa(1) (70%), its partner Mulilo (17%) and a to-be-announced B-BBEE partner
(13%).

These projects are subject to regulatory approvals.

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 2022,
TotalEnergies' gross renewable electricity generation installed capacity was
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

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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) TotalEnergies Marketing South Africa is a South African registered company
of TotalEnergies (50.1%) and a number of South african BBBEE investors
(49.9%).



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