TotalEnergies acquires Core Solar, adding 4GW of solar and storage to US pipeline

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
TotalEnergie’s US solar portfolio sits now at 7.8GW in different stages and passed 10GW including wind and storage. Image: TotalEnergies.

French energy major TotalEnergies has acquired solar developer Core Solar and its 4GW portfolio of development solar and battery storage assets.

With the acquisition of Core Solar its portfolio of renewable projects in the US – either in operation, construction or development –  passed 10GW, with 2.2GW of large-scale solar developed by SunChase Power and 1.6GW of solar projects with Hanwha Energy.

The US portfolio brings the French firm closer to its goal of 35GW of renewable energy and storage capacity by 2025, a target which increases to 100GW by 2030.

Core Solar’s CEO and employees will be integrated into TotalEnergies’ teams and the 4GW of utility-scale solar and battery storage projects are distributed in four states: Texas, Kentucky, Ohio and Pennsylvania.

Moreover, the solar portfolio in the US is distributed across 14 states, including California, Nevada, Texas and Hawaii.

This is not the first US acquisition for TotalEnergies this year in order to increase its renewable portfolio in the country as it acquired SunPower’s solar commercial and industrial (C&I) activities earlier this year.

The C&I solar activities will focus in the solar distributed generation market in the country with the goal to develop more than 100MW of capacity per year.

“We are delighted with this new addition to our portfolio of solar projects in the U.S., a key region for achieving our global target of 100 GW of renewable projects in operation by 2030. This attractive 4 GW pipeline of projects will strengthen and diversify our portfolio,” said Vincent Stoquart, senior vice president renewables at TotalEnergies.

Earlier this month, TotalEnergies formed a joint venture with Japanese oil company Eneos to develop 2GW of decentralised solar capacity across Asia over the next five years.

14 June 2022
Join us in Napa to unlock the key to reliable PV module supply to the U.S. market in 2022 & 2023. We'll also be gathering the main players in the US solar market for some wine tasting!

Read Next

May 25, 2022
TotalEnergies has made its “largest investment in US renewables” to date, acquiring a stake in developer Clearway Energy.
May 24, 2022
Canadian Solar has unveiled a new PV manufacturing strategy, bringing more upstream capacity inhouse to reduce its exposure to pricing volatility.
PV Tech Premium
May 19, 2022
PV Tech speaks to Qcells CEO Justin Lee about the manufacturer's recent solar manufacturing capacity expansion, its use of TOPCon as a 'stepping stone' to future cell technologies and its new clean energy strategy.
May 19, 2022
More than 80 US House representatives have joined a chorus of lawmakers opposing the solar tariffs investigation and pressed US President Joe Biden to expedite it.
May 18, 2022
US solar EPC company iSun doubled its Q1 revenue year-on-year but has lowered its 2022 guidance as a result of module procurement challenges within its utility-scale unit.
May 18, 2022
Shoals Technologies has become the latest solar manufacturer to adjust its guidance for the year, blaming an “increasingly challenging environment” caused by the US AD/CVD investigation.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 7, 2022
Leonardo Royal London City, London, UK
Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
June 22, 2022
Sheraton Austin Hotel at the Capitol, Austin, Texas