TotalEnergies SE Expands Renewable Energy Portfolio

TotalEnergies SE, a leading integrated oil and gas company, has secured a conditional permit to import 1GW of renewable energy from Indonesia. This move is part of the company’s efforts to diversify its energy sources.

Renewable Energy Projects in Indonesia

The company has partnered with RGE to develop a solar-plus-storage project in Indonesia. The jointly owned joint venture, Singa Renewables, will be responsible for building and managing the project. This development is expected to contribute significantly to TotalEnergies’ renewable energy portfolio.

Additional Renewable Energy Initiatives

TotalEnergies has also announced plans to develop a solar project in Indonesia. This initiative further solidifies the company’s presence in the region and demonstrates its commitment to expanding renewable energy capabilities.

Impact on Stock Price

The company’s efforts to expand its renewable energy capabilities are likely to have a positive impact on its stock price, which has been trending upwards in recent months.