Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTTA.L Regulatory News (TTA)

  • There is currently no data for TTA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Spain: Total Signs a 45 MW Renewable Corporate Power Purchase Agreement with Merck1

20 May 2021 07:38

 

Total (Paris:FP) (LSE:TTA) (NYSE:TOT):

Total and MSD, known as Merck & Co. signed a major renewable corporate power purchase agreement (CPPA) over a period of 10 years, with 90 GWh a year of clean energy produced by a 45 MW utility-scale solar power projects from Total’s portfolio in Spain, Castilla La Mancha region.

As part of its ambition to get to net zero by 2050, together with society, Total actively supports its customers and partners in their efforts to reduce the carbon footprint of their activities through their energy transition.

With a strong expertise in the development, construction and operation of renewable energy projects, Total was chosen as a trusted partner to contribute to MSD’s ambition to source 100% of its purchased electricity with renewables.

“This agreement with MSD contributes to securing the revenues of our solar projects in Castilla La Mancha region in Spain and paves the way to launching the construction of new sites,” said Julien Pouget, Senior Vice President Renewables at Total. “Our global portfolio of renewables projects makes us one of the key players to supply green electricity to corporate players willing to decarbonize their electricity consumption and thus reduce their carbon footprint in order to accelerate the transition toward a carbon neutral world.”

“This contract is an important step for MSD toward meeting its commitment to sustainability by bringing carbon-free energy to the Spanish grid and reducing the environmental impact of our European operations. As a human and animal health company, we see our renewable energy strategy as fully integrated with MSD’s mission to save and improve lives”, said Susanna Webber, senior vice president, Global Supplier Management Group and Chief Procurement Officer, MSD.

Total, renewables and electricity

As part of its ambition to get to net zero by 2050, Total is building a portfolio of activities in renewables and electricity that should account for up to 40% of its sales by 2050. At the end of 2020, Total's gross power generation capacity worldwide was around 12 GW, including 7 GW of renewable energy. Total will continue to expand this business to reach 35 GW of gross production capacity from renewable sources by 2025, and then 100 GW by 2030 with the objective of being among the world's top 5 in renewable energies.

About Total

Total is a broad energy company that produces and markets fuels, natural gas and electricity. Our 100,000 employees are committed to better energy that is more affordable, more reliable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.

Cautionary note

This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL SE directly or indirectly owns investments are separate legal entities. TOTAL SE has no liability for their acts or omissions. In this document, the terms “Total”, “Total Group” and Group are sometimes used for convenience. 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 TOTAL 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 Also known as MSD (Merck & Co. Inc of Kenilworth, New Jersey in the US and Canada)

TotalMedia Relations: +33 (0)1 47 44 46 99 l presse@total.com l @TotalPressInvestor Relations: +44 (0)207 719 7962 l ir@total.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20210519006043/en/

Copyright Business Wire 2021

Date   Source Headline
9th May 20166:28 pmBUSCOMMUNIQUÉ DU 9 MAI 2016 : DÉPOT DU PROJET D’OFFRE PUBLIQUE D’ACHAT
9th May 20168:23 amBUSProposed Acquisition of Saft Group by Total
3rd May 20167:00 amBUSTOTAL S.A. : Ordinary and Extraordinary Shareholders’ Meeting on Tuesday, May 24, 2016
27th Apr 20161:40 pmBUS1st Quarter Results
27th Apr 20167:39 amBUSTotal Announces Its First Quarter 2016 Interim Dividend
19th Apr 20166:26 pmBUSTotal Presents New Organization to Achieve Its Ambition of Becoming the Responsible Energy Major
15th Apr 20167:20 amBUSTOTAL: Main Indicators
8th Apr 20166:19 pmBUSTotal: Results of the Option to Receive the Third Quarter 2015 Interim Dividend in Shares
8th Apr 20163:09 pmBUSTotal S.A.: Statement in Compliance with the Article 223-16 of the General Regulation of the Financial Markets Authority (AMF - Autorité des Marchés Financiers)
21st Mar 201612:51 pmBUSTotal and China National Petroleum Company Sign A Strategic Cooperation Agreement
21st Mar 20167:00 amBUSMomar Nguer appointed President, Marketing & Services and member of the Executive Committee of Total
17th Mar 201610:47 amBUSTotal Voting Rights
16th Mar 20164:17 pmBUSTotal: 2015 Annual Reports
16th Mar 20168:20 amBUSTotal Quarterly Ex-Dividend Dates for 2017 Dividend
16th Mar 20167:20 amBUSTotal Declares Its Third Quarter 2015 Interim Dividend of 0.61 Euro Per Share, Available in Cash or in Discounted New Shares
16th Mar 20167:20 amBUSTOTAL: Minutes of Board of Directors Meeting of March 15, 2016
25th Feb 20167:49 amBUSArgentina: Total Starts up Vega Pleyade Offshore Project in Tierra del Fuego
16th Feb 20166:00 pmBUSTOTAL S.A.: Statement in compliance with the article 223-16 of the General Regulation of the Financial Markets Authority (AMF - Autorité des Marchés Financiers)
11th Feb 201611:40 amBUSTotal: Fourth Quarter and Full-Year 2015 Results
11th Feb 20167:38 amBUSTotal Proposes a Fourth Quarter 2015 Dividend of 0.61 Euros Per Share and the Option to Receive the Dividend in Shares at a 10% Discount
8th Feb 20167:20 amBUSUK: Total Starts-Up Production at Laggan-Tormore in the West of Shetland
4th Feb 20167:32 amBUSTotal Signs Heads of Agreement to Supply LNG to ENN in China
2nd Feb 20167:20 amBUSTotal Signs Long-Term Agreements to Supply LNG to State-Owned Indonesian Company Pertamina
28th Jan 20165:16 pmBUSTotal: Audience of Patrick Pouyanné with Hassan Rouhani
27th Jan 20162:34 pmBUSDominican Republic: Total Acquires the Country’s Main Retail Network and Establishes Its Leadership in the Caribbean
21st Jan 201610:40 amBUSRussia: Total Transfers 20% Interest and Operatorship of Kharyaga to Zarubezhneft
15th Jan 20167:42 amBUSTrading Statement
13th Jan 20165:40 pmBUSTotal S.A.: Statement in Compliance with the Article 223-16 of the General Regulation of the Financial Markets Authority (AMF - Autorité Des Marchés Financiers)
12th Jan 20166:19 pmBUSTotal: Results of the Option to Receive the Second Quarter 2015 Interim Dividend in Shares
21st Dec 201510:50 amBUSTotal S.A.: Statement in Compliance with the Article 223-16 of the General Regulation of the Financial Markets Authority (AMF - Autorité Des Marchés Financiers)
17th Dec 20157:00 amBUSTotal’s Board of Directors elects Patrick Pouyanné Chairman and Chief Executive Officer and appoints a Lead Independent Director
16th Dec 20156:30 pmBUSTotal Declares Its Second Quarter 2015 Interim Dividend of 0.61 Euro Per Share, Available in Cash or in Discounted New Shares
11th Dec 20157:35 amBUSCongo: Total Starts up Moho Phase 1b Deep Offshore Project
25th Nov 20155:30 pmBUSTotal Successfully Places $1.2 Billion “Synthetic” Bond Financing
25th Nov 20157:00 amBUSTotal Launches Synthetic Bond Financing
23rd Nov 20157:00 amRNSAdmission of securities to the official list
13th Nov 20154:56 pmBUSTotal Voting Rights
29th Oct 201512:17 pmBUSTotal: Third Quarter and First Nine Months 2015 Results
29th Oct 20157:45 amBUSTotal Announces Its Third Quarter 2015 Interim Dividend
20th Oct 201512:17 pmBUSTOTAL S.A.: Statement in Compliance with the Article 223-16 of the General Regulation of the Financial Markets Authority (AMF - Autorité Des Marchés Financiers)
19th Oct 20155:35 pmBUSTotal: Results of the option to receive the first quarter 2015 interim dividend in shares
19th Oct 20157:36 amBUSNorway: Total Sells a Further 15% Interest in the Gina Krog Field
16th Oct 20158:07 amBUSTotal: Australia: Gladstone LNG Ships First Liquefied Natural Gas Cargo
15th Oct 20157:34 amBUSTOTAL: Main Indicators
30th Sep 20154:56 pmBUSTotal Voting Rights
23rd Sep 20158:29 amBUSTotal Strategy & Outlook Presentation
22nd Sep 20155:10 pmBUSTotal Declares Its First Quarter 2015 Interim Dividend of 0.61 Euro Per Share
21st Sep 20152:28 pmBUSCanada: Total Sells a 10% Interest in Fort Hills to Suncor
10th Sep 20158:24 amBUSFrance: Total Sells a Majority Interest in Géosel to EDF Invest and Ardian
1st Sep 20152:56 pmBUSTotal: Canada: Start-up of Surmont 2

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.