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Total, 174 Power Global to form JV to develop solar, energy storage projects

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Essential Energy Insights - January 2021


Total, 174 Power Global to form JV to develop solar, energy storage projects

Total SE and Hanwha Group affiliate 174 Power Global Corp. agreed to form a 50/50 joint venture to develop 12 utility-scale solar and energy storage projects in the U.S. with a combined capacity of 1.6 GW, according to a Jan. 14 news release.

The first project has already begun production in 2020, while the rest are slated to start up between 2022 and 2024. The projects will be located in Texas, Nevada, Oregon, Wyoming and Virginia.

"This transaction is a first significant step for Total in the U.S. utility scale solar market, in line with our 2025 ambition to achieve 35 GW of renewables production capacity worldwide," said Julien Pouget, director of renewables at Total.