French energy giants TotalEnergies and Eneos have been given approval to form a joint venture to develop 2GW of business-to-business solar projects in Asia over the next five years. The deal to create TotalEnergies ENEOS Renewables Distributed Generation Asia JV was first announced in April 2022.

Gavin Adda, Head of TotalEnergies Renewables Distributed Generation Asia, said, “We are very pleased to announce that we will be developing the first set of projects through our joint venture with ENEOS. Together with our partners, we will mobilize our expertise and expertise for more projects in the coming months, putting us firmly on track to achieve our 2GW target over the next five years. We are increasingly seeing B2B customers prefer to rely on established companies they can trust to deliver cost-effective, carbon-reducing power solutions.

TotalEnergies ENEOS initially decided to sign long-term power purchase agreements for 34MWp in nine countries. The list of B2B customers includes Air Liquide, PTT Global Chemical and Yanmar Engine, which will receive clean energy at steep discounts of more than 35% below current grid costs.

Kenichiro Kesamaru, General Manager, Planning and Management Division, Resources and Power, Eneos Corporation, said: "We are proud to partner with TotalEnergies in this joint venture, which will make it possible to help corporate customers save on energy costs and switch to green energy. In line with our long-term vision to contribute to a low-carbon society, we will be able to accelerate our renewable energy business while leveraging ENEOS' strong customer network. Keywords: engineering news, overseas news

As more companies transform their businesses to be more environmentally friendly, we believe this partnership will create greater and more sustainable value in the Asian market. Earlier in 2022, TotalEnergies agreed to buy a 50% stake in Clearway Energy Group for $1.6 billion.Editor/XingWentao