TotalEnergies is a multi-energy company that produces and markets energy from different sources on a global scale, including oil, biofuels, natural gas and green gases, renewables, and electricity.
To become one of the world's largest producers of renewable energy in five to ten years is a firm part of TotalEnergie's corporate strategy. To this end the company has already set the course in numerous ways in recent years.
Focusing on the expansion of renewable energies
The French multi-energy company is currently focusing on many future projects and investments both at home and abroad and Germany plays an important role in this as a focus market for renewable energies.
Our objective is to implement a total of 100 gigawatts of installed capacity from renewable energy sources around the globe by 2030, which will require an investment of around 60 billion US dollars. An important milestone was reached in 2021 when TotalEnergies' gross renewable power generation capacity had more than doubled in just a single year. From 1.5 GW in 2018, it had already grown to 10 GW by 2021. An annual expansion of 6 GW is planned up to 2030.
TotalEnergies' most recent acquisition was 50% of Clearway, the fifth largest renewable energy producer in the USA, which added 7.7 GW of commissioned wind, solar, and pipeline energy to our portfolio, bringing the total to over 25 GW in the USA. This represents another step towards our global target of 100 GW by 2030, at least a quarter of which will be met by the USA-based part of our portfolio.
Our technologies: active in all segments
TotalEnergies' technologies provide answers to the growing demand for renewable electricity. Our portfolio includes large-scale ground-mounted photovoltaic systems as well as on-site solar applications for industrial and commercial clients. Our company has proven expertise in financing, developing, and operating large-scale projects thanks to our globally based experts in customised solar solutions for all types of sites.
Based on our expertise in offshore wind power, TotalEnergies is already a major competitor in the field of anchored offshore wind power. Offshore wind projects with a total capacity of more than 11 GW are currently being developed, two-thirds of which are permanently installed and one-third are floating wind turbines. Our objective is to become the global market leader in floating offshore wind power.
TotalEnergies' strong presence in France and in high-growth markets has enabled us to gain a very good foothold in the onshore wind power sector, and we intend to continuously expand these activities. Through our Wind Concept Plus product range, TotalEnergies is also focusing on innovative lubricants for wind turbines, our primary focus being on the development of high-performance products with a long service life, as well as professional consultancy.
Our portfolio also includes solutions to support the use of renewable energies in the field of energy storage. In France, TotalEnergies is one of the winners of the first French storage capacity tender.
CO2 neutrality by 2050
Another of TotalEnergies' ambitions is to work with civil society to achieve carbon neutrality by 2050 at the latest, for all of our company's activities from production to the use of the sold energy products by our customers.
In particular, the development of new activities, new professions, and cutting-edge technologies in the renewable energy sector will help us to achieve this goal.
The company's vision for achieving net zero by 2050 will rely on the following energy mix: 50% renewable electricity, 25% new carbon-free molecules from biomass (biofuels, biogas) or from renewable electricity (hydrogen, e-fuels), and 25% fossil products (oil and gas), whilst capturing, recycling, or offsetting our customers' remaining Scope 3 emissions of around 100 MtCO2e.
- Founded: 1955
- Sales: 9 Mrd. €
- Employees: 4.000