Total Eren, a subsidiary of Eren Groupe, has 3.5GW of renewable capacity in operation worldwide, plus a 10GW-plus pipeline of solar, wind, hydroelectric and storage pipeline projects. Wind accounts for around 1.6GW of Total Eren’s portfolio, all onshore projects spread across Asia-Pacific, Central and South America, and Africa, according to Windpower Intelligence, the research and data division of Windpower Monthly.
Although Total Eren has some operational wind farms, most of its wind projects are still in development, including the 1GW Mirny wind-plus-storage project in Kazakhstan, its biggest wind project to date.
The deal follows a strategic agreement signed between TotalEnergies and Total Eren in 2017, which granted TotalEnergies the right to acquire all of Total Eren (formerly Eren RE) after a five-year period. It will bring TotalEnergies closer to its goal of 35GW of gross production capacity from renewable sources and storage by 2025, up from 18GW at the end of March 2023.
The company then hopes to add a further 65GW in the five years to 2030 to reach 100GW, with the objective of being among the world’s top five producers of electricity from wind and solar energy, it said. As well as onshore projects, offshore wind is a major focus for Total Energy as part of this strategy. According to the company, its portfolio of offshore wind projects exceeds 10GW, with fixed-bottom wind turbines accounting for two thirds of this and floating wind turbines representing the other third.
Eren Groupe and TotalEnergies added that they plan on “continuing their collaboration, particularly by developing wind and solar giga-projects dedicated to the production of green hydrogen”.
Patrick Pouyanné, chairman and CEO of TotalEnergies said: “With the acquisition and integration of Total Eren, we are now opening a new chapter of our development as the expertise of its team and its complementary geographical footprint will strengthen our renewable activities and our ability to build a profitable integrated power player.”