TotalEnergies, bp, Equinor and Shell Join Forces to Help Increase Access to Energy
TotalEnergies, bp, Equinor, and Shell have announced a joint $500 million investment commitment to support UN Sustainable Development Goal 7, which aims to ensure universal access to affordable and sustainable energy. The initiative targets underserved communities in Sub-Saharan Africa, South and Southeast Asia, focusing on solar home systems, mini-grids, and clean cooking solutions. This comes as global electricity access challenges persist, with 685 million people lacking access and 2.1 billion without clean cooking facilities. The investment will be managed by a global private equity firm specializing in impact investing, aiming to generate both social impact and financial returns.
TotalEnergies, bp, Equinor e Shell hanno annunciato un impegno comune di 500 milioni di dollari per supportare l'Obiettivo di Sviluppo Sostenibile delle Nazioni Unite n. 7, che mira a garantire l'accesso universale a un'energia sostenibile ed economica. L'iniziativa si rivolge a comunità svantaggiate in Africa subsahariana, Sud e Sudest asiatico, concentrandosi su sistemi energetici solari domestici, mini-reti e soluzioni per la cottura pulita. Questo annuncio arriva mentre persistono le sfide globali per l'accesso all'elettricità, con 685 milioni di persone prive di accesso e 2,1 miliardi senza strutture per la cottura pulita. L'investimento sarà gestito da una società globale di private equity specializzata in investimenti ad impatto, con l'obiettivo di generare sia impatti sociali che ritorni finanziari.
TotalEnergies, bp, Equinor y Shell han anunciado un compromiso conjunto de 500 millones de dólares para apoyar el Objetivo de Desarrollo Sostenible 7 de la ONU, que busca garantizar el acceso universal a una energía asequible y sostenible. La iniciativa se dirige a comunidades desatendidas en África subsahariana, Asia del Sur y del Sudeste, enfocándose en sistemas solares domésticos, mini-redes y soluciones de cocina limpia. Esto ocurre en un contexto donde persisten los desafíos globales para el acceso a la electricidad, con 685 millones de personas sin acceso y 2.1 mil millones sin instalaciones para cocinar de manera limpia. La inversión será gestionada por una firma global de capital privado especializada en inversiones de impacto, con el objetivo de generar tanto impacto social como retornos financieros.
TotalEnergies, bp, Equinor 및 Shell은 전 세계적으로 5억 달러의 공동 투자를 발표하여 유엔 지속가능 발전 목표 7을 지원할 예정이다. 이 목표는 누구나 저렴하고 지속 가능한 에너지에 접근할 수 있도록 하는 것이다. 이 이니셔티브는 사하라 이남 아프리카, 남아시아 및 동남아시아의 소외된 지역 사회를 대상으로 하며, 태양광 가정 시스템, 미니 그리드 및 청정 조리 솔루션에 중점을 두고 있다. 현재 전 세계적으로 전기 접근에 대한 도전이 계속되고 있으며, 6억 8,500만 명의 사람들이 전기에 접근하지 못하고 있고, 21억 명이 청정 조리 시설이 없는 상황이다. 이 투자는 사회적 영향과 재정적 수익을 모두 창출하는 것을 목표로 하는 임팩트 투자 전문 글로벌 사모펀드에 의해 관리될 것이다.
TotalEnergies, bp, Equinor et Shell ont annoncé un engagement commun de 500 millions de dollars pour soutenir l'Objectif de Développement Durable numéro 7 des Nations Unies, qui vise à garantir l'accès universel à une énergie abordable et durable. L'initiative cible les communautés défavorisées en A Afrique subsaharienne, en Asie du Sud et en Asie du Sud-Est, en mettant l'accent sur les systèmes solaires domestiques, les mini-réseaux et les solutions de cuisine propre. Cela intervient alors que les défis mondiaux d'accès à l'électricité persistent, avec 685 millions de personnes sans accès et 2,1 milliards sans installations de cuisine propre. L'investissement sera géré par une société mondiale de capital-investissement spécialisée dans les investissements à impact, visant à générer à la fois un impact social et des rendements financiers.
TotalEnergies, bp, Equinor und Shell haben ein gemeinsames $500 Millionen Investitionsengagement angekündigt, um das Ziel 7 der UN-Nachhaltigkeitsziele zu unterstützen, das darauf abzielt, einen universellen Zugang zu erschwinglicher und nachhaltiger Energie zu gewährleisten. Die Initiative richtet sich an unterversorgte Gemeinschaften in Sub-Sahara-Afrika, Süd- und Südostasien und konzentriert sich auf solarbetriebene Haushaltsysteme, Mini-Netze und Lösungen für sauberes Kochen. Dies geschieht vor dem Hintergrund, dass die Herausforderungen beim Zugang zu elektrischer Energie weiterhin bestehen, mit 685 Millionen Menschen ohne Zugang und 2,1 Milliarden ohne saubere Kochmöglichkeiten. Die Investition wird von einer globalen Private-Equity-Firma verwaltet, die auf Impact-Investitionen spezialisiert ist und sowohl soziale Auswirkungen als auch finanzielle Erträge generieren soll.
- Significant $500 million joint investment commitment
- Strategic expansion into emerging markets with high growth potential
- Diversification into renewable energy solutions and clean technology
- None.
Insights
The
The investment's structure through a private equity firm suggests a sustainable, market-driven approach rather than pure philanthropy. This model typically yields better long-term outcomes than traditional aid. The focus on diverse solutions including solar systems, mini-grids and clean cooking addresses multiple aspects of energy poverty while creating potential market opportunities.
TotalEnergies' additional commitment of
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), bp, Equinor and Shell announce a commitment to invest in support of the UN Sustainable Development Goal 7 (UN SDG7), which aims to ensure access to affordable, reliable, sustainable, and modern energy for all. The four energy majors have come together with a
A growing number of people without access to electricity and clean cooking
Despite ongoing efforts, progress towards universal energy access has stalled, particularly amidst recent macroeconomic shocks and rising energy prices. In 2022, the number of people without access to electricity globally increased by around 10 million to 685 million.1 Additionally, approximately 2.1 billion people, primarily in sub-Saharan Africa and
Joint efforts to support energy access in Sub-Saharan Africa, South and
bp, Equinor, Shell and TotalEnergies decided to join forces to help address the challenges of energy access. With
A global private equity firm with a strong track record in impact investing, has been selected to manage the joint investment. Their expertise will support the investments being strategically directed to create both social impact and financial returns, while engaging with governments, international organizations, financial institutions, the private sector, civil society, and philanthropies. This includes sharing learnings, providing technical assistance, and addressing market barriers.
Patrick Pouyanné, Chairman and CEO of TotalEnergies commented: “At TotalEnergies, we are deeply committed to making energy accessible to all. Around a third of our development in electricity in the coming years will be in emerging countries, which will enable about 40 million people to benefit from access to electricity. Furthermore, we are committed to investing
Murray Auchincloss, CEO of bp commented: “It is early days, but we hope that by jointly investing, we will be able to contribute to wider efforts to tackle the very real challenge of access to energy. Over time, we believe it can help to create a more inclusive energy future for some of the many millions of people who lack that access today.”
Anders Opedal, President and CEO of Equinor commented: “This joint investment brings together four leading energy companies investing in emerging countries. We believe this effort will help close some of the energy access gaps, which is a key part in reaching the global ambition of a just and equitable energy transition.”
Wael Sawan, CEO of Shell commented: “We want to support accelerated progress towards universal energy access as we believe it has the power to transform lives. This joint investment will help to do that. By working collectively to overcome key energy access challenges we can achieve sustained impact and drive real change.”
About TotalEnergies
TotalEnergies is a global integrated 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 provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.
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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 International Renewable Energy Agency, Tracking SD7 The Energy Progress Report 2024.
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Source: TOTALENERGIES SE
FAQ
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