Renewables: TotalEnergies Starts Up its Largest Utility-Scale Solar Farms with Batteries in the United States
TotalEnergies has launched commercial operations of Danish Fields and Cottonwood, two utility-scale solar farms with integrated battery storage in southeast Texas. These projects, with a combined capacity of 1.2 GW, are part of a 4 GW renewable asset portfolio in Texas. Danish Fields, TotalEnergies' largest U.S. solar farm, has a 720 MWp capacity and a 225 MWh battery storage system. Cottonwood has a 455 MWp capacity and will feature 225 MWh of battery storage by 2025.
Both projects have long-term Corporate Power Purchase Agreements (CPPAs) with industry players like Saint-Gobain and LyondellBasell, featuring upside sharing mechanisms. These solar farms will support TotalEnergies' decarbonization efforts for its industrial plants in the U.S. Gulf Coast region. The company aims to achieve a combined gross capacity of 10 GW by 2025 and more than 25 GW by 2030 in the United States.
TotalEnergies ha avviato le operazioni commerciali dei Danish Fields e Cottonwood, due fattorie solari utility-scale con stoccaggio integrato di batterie nel sud-est del Texas. Questi progetti, con una capacità combinata di 1,2 GW, fanno parte di un portafoglio di asset rinnovabili di 4 GW in Texas. Danish Fields, la più grande fattoria solare di TotalEnergies negli Stati Uniti, ha una capacità di 720 MWp e un sistema di stoccaggio di batterie da 225 MWh. Cottonwood ha una capacità di 455 MWp e presenterà 225 MWh di stoccaggio di batterie entro il 2025.
Entrambi i progetti hanno contratti di acquisto di energia a lungo termine (CPPA) con attori dell'industria come Saint-Gobain e LyondellBasell, che includono meccanismi di condivisione degli utili. Queste fattorie solari supporteranno gli sforzi di decarbonizzazione di TotalEnergies per i suoi impianti industriali nella regione del Golfo degli Stati Uniti. L'azienda mira a raggiungere una capacità lorda combinata di 10 GW entro il 2025 e oltre 25 GW entro il 2030 negli Stati Uniti.
TotalEnergies ha lanzado operaciones comerciales de Danish Fields y Cottonwood, dos granjas solares a gran escala con almacenamiento de batería integrado en el sureste de Texas. Estos proyectos, con una capacidad combinada de 1.2 GW, forman parte de un portafolio de activos renovables de 4 GW en Texas. Danish Fields, la granja solar más grande de TotalEnergies en EE.UU., tiene una capacidad de 720 MWp y un sistema de almacenamiento de batería de 225 MWh. Cottonwood tiene una capacidad de 455 MWp y contará con 225 MWh de almacenamiento de batería para 2025.
Ambos proyectos tienen Acuerdos de Compra de Energía Corporativa a Largo Plazo (CPPA) con actores de la industria como Saint-Gobain y LyondellBasell, que presentan mecanismos de participación en beneficios. Estas granjas solares apoyarán los esfuerzos de descarbonización de TotalEnergies para sus plantas industriales en la región del Golfo de EE.UU. La empresa tiene como objetivo alcanzar una capacidad bruta combinada de 10 GW para 2025 y más de 25 GW para 2030 en los Estados Unidos.
TotalEnergies는 텍사스 남동부에 통합 배터리 저장소가 있는 덴마크 필드와 코튼우드라는 두 개의 대규모 태양광 발전소의 상업 운영을 시작했습니다. 이 프로젝트들은 1.2 GW의 총 용량을 갖추고 있으며, 텍사스의 4 GW 재생 에너지 자산 포트폴리오의 일부입니다. 덴마크 필드는 TotalEnergies의 미국에서 가장 큰 태양광 발전소로, 720 MWp의 용량과 225 MWh의 배터리 저장 시스템을 갖추고 있습니다. 코튼우드는 455 MWp의 용량을 가지고 있으며 2025년까지 225 MWh의 배터리 저장소를 추가할 예정입니다.
두 프로젝트는 Saint-Gobain 및 LyondellBasell과 같은 산업 플레이어와 장기 기업 전력 구매 계약(CPPA)을 체결하고 있으며, 이 계약에는 이익 공유 메커니즘이 포함되어 있습니다. 이 태양광 발전소들은 TotalEnergies의 미국 걸프코스트 지역 산업 시설의 탈탄소화 노력에 기여할 것입니다. 회사는 미국에서 2025년까지 10 GW의 합산 총 용량과 2030년까지 25 GW 이상을 달성하는 것을 목표로 하고 있습니다.
TotalEnergies a lancé les opérations commerciales des Danish Fields et Cottonwood, deux centrales solaires à grande échelle avec stockage de batteries intégré dans le sud-est du Texas. Ces projets, avec une capacité combinée de 1,2 GW, font partie d'un portefeuille d'actifs renouvelables de 4 GW au Texas. Danish Fields, la plus grande centrale solaire de TotalEnergies aux États-Unis, a une capacité de 720 MWp et un système de stockage de batteries de 225 MWh. Cottonwood a une capacité de 455 MWp et disposera de 225 MWh de stockage de batteries d'ici 2025.
Les deux projets disposent d'accords d'achat d'énergie à long terme (CPPA) avec des acteurs de l'industrie tels que Saint-Gobain et LyondellBasell, comportant des mécanismes de partage des bénéfices. Ces centrales solaires soutiendront les efforts de décarbonisation de TotalEnergies pour ses usines industrielles dans la région du golfe des États-Unis. L'entreprise vise à atteindre une capacité brute combinée de 10 GW d'ici 2025 et plus de 25 GW d'ici 2030 aux États-Unis.
TotalEnergies hat die kommerziellen Betriebsabläufe von Danish Fields und Cottonwood gestartet, zwei große Solarparks mit integrierter Batteriespeicherung im Südosten von Texas. Diese Projekte haben eine kombinierte Kapazität von 1,2 GW und sind Teil eines 4 GW großen Portfolios erneuerbarer Energiequellen in Texas. Danish Fields, der größte Solarpark von TotalEnergies in den USA, hat eine Kapazität von 720 MWp und ein 225 MWh Batteriespeichersystem. Cottonwood hat eine Kapazität von 455 MWp und wird bis 2025 über 225 MWh Batteriespeicherung verfügen.
Beide Projekte haben langfristige Corporate Power Purchase Agreements (CPPA) mit Industrieakteuren wie Saint-Gobain und LyondellBasell, die Gewinnbeteiligungsmechanismen beinhalten. Diese Solarparks werden die Bemühungen von TotalEnergies zur Dekarbonisierung seiner Industrieanlagen in der US-Golfregion unterstützen. Das Unternehmen strebt an, bis 2025 eine kombinierte Bruttokapazität von 10 GW und bis 2030 mehr als 25 GW in den Vereinigten Staaten zu erreichen.
- Launch of two large-scale solar farms with 1.2 GW combined capacity in Texas
- Danish Fields is TotalEnergies' largest U.S. solar farm with 720 MWp capacity
- Integration of battery storage systems in both projects
- Long-term Corporate Power Purchase Agreements (CPPAs) secured with industry players
- Projects support decarbonization of TotalEnergies' industrial plants in the U.S. Gulf Coast
- Aim to achieve 10 GW combined gross capacity by 2025 and over 25 GW by 2030 in the U.S.
- Targeting 12% ROACE in Integrated Power business
- None.
Insights
TotalEnergies' launch of Danish Fields and Cottonwood solar farms marks a significant expansion in the U.S. renewable energy market. With a combined capacity of 1.2 GW, these projects substantially boost TotalEnergies' renewable portfolio in Texas to 4 GW. The integration of large-scale battery storage (
The strategic use of Corporate Power Purchase Agreements (CPPAs) with major industrial players like Saint-Gobain and LyondellBasell demonstrates a robust commercial model. The upside sharing mechanism indexed to merchant prices is particularly innovative, allowing both TotalEnergies and its customers to benefit from potential market upswings while providing price stability.
TotalEnergies' approach of using these projects to decarbonize its own industrial operations in the Gulf Coast region showcases a vertically integrated strategy, potentially leading to significant cost savings and emissions reductions. This aligns well with the company's ambitious target of achieving a
TotalEnergies' rapid expansion in the ERCOT market is strategically significant. Texas, with its deregulated electricity market and growing demand, offers substantial opportunities for renewable energy players. The company's target of 10 GW capacity by 2025 and 25 GW by 2030 in the U.S. positions it as a major player in the country's energy transition.
The addition of 1.5 GW of flexible gas-fired power production capacity complements the renewable assets, creating a balanced and resilient portfolio. This approach of combining intermittent renewables with dispatchable gas power addresses the critical issue of grid stability, potentially giving TotalEnergies a competitive edge in the evolving energy landscape.
The company's global ambition to reach more than 100 TWh of net electricity production by 2030 indicates a substantial shift in its business model towards becoming an integrated energy company. This transition, if executed successfully, could significantly alter TotalEnergies' valuation metrics, potentially leading to a re-rating of the stock as it becomes less dependent on traditional oil and gas revenues.
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has started commercial operations of Danish Fields and Cottonwood, two utility-scale solar farms with integrated battery storage located in southeast
Danish Fields is TotalEnergies’ largest solar farm in
The remaining
Cottonwood has a capacity of 455 MWp featuring over 847,000 ground-mounted photovoltaic panels. The site will also feature 225 MWh of battery storage supplied by Saft, scheduled for commissioning in 2025. Cottonwood’s electricity production is contracted under long-term PPAs indexed to merchant prices through an upside-sharing mechanism with LyondellBasell and Saint-Gobain, to support their decarbonization efforts.
“The start-ups of Danish Fields and Cottonwood in the fast-growing ERCOT market showcase TotalEnergies’ ability to deliver competitive renewable electricity to support our clients’ decarbonization goals, as well as our own. Thanks to these projects, we are delighted to take another step in delivering our strategy across the entire value chain, from power generation to customer delivery, in order to achieve our profitability target of
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TotalEnergies and electricity in the
TotalEnergies is one of the top renewable energy players in
TotalEnergies and electricity
As part of its ambition to get to net zero by 2050, TotalEnergies is building a world class cost-competitive portfolio combining renewables (solar, onshore and offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. Mid-2024, TotalEnergies’ gross renewable electricity generation installed capacity was 24 GW. TotalEnergies will continue to expand this business to reach 35 GW in 2025 and more than 100 TWh of net electricity production by 2030.
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, more sustainable, 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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FAQ
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