TotalEnergies accelerates growth of renewables in the Asia Pacific region with new solar projects in Thailand and Vietnam

The region accounts for 36% of its global installed renewable generation capacity

Singapore, October 23, 2023 – TotalEnergies, the Multi-Energy Partner at Singapore International Energy Week (SIEW) 2023, is committed to growing renewables in Asia Pacific. In 2023, the region accounts for more than 36% of its global renewable installed power generation capacity: it has 7 GW of capacity installed,1.1 GW in construction and 11.8 GW in development.

The global multi-energy company announces two new solar photovoltaic (PV) projects in Thailand and Vietnam.

• Thailand – first floating solar PV system for TotalEnergies ENEOS in Asia Pacific: TotalEnergies ENEOS has signed a 12-year agreement with S. Kijchai Enterprise, a leading manufacturer of wood-based panels in Thailand. The new project is a 1.8 megawatt-peak (MWp) floating solar PV system to help the customer decarbonize its facility. With over 3,000 of modules installed, the PV system is expected to generate 2,650 MWh of renewable electricity annually, realising significant cost savings and reducing the customer’s carbon footprint by about 1,125 tons of CO2 emissions, equivalent to planting around 18,500 trees. This is the second project with S. Kijchai following the solar roof project in 2019.
• Vietnam – first agri-PV system for TotalEnergies ENEOS in Asia Pacific: TotalEnergies entered into a 20-year agreement with Hiep Phat International Agricultural, a leading starch manufacturer in Vietnam, to provide a 2.1 MWp solar PV system for its plant and offices in Tay Ninh, Vietnam. With over 3,600 panels installed, the ground-mounted solar PV system will power 20% of its facilities with renewable energy, generating 3,250 MWh of renewable electricity.

Under both agreements, TotalEnergies will fully fund, install and operate the systems while partners will pay for the electricity generated, avoiding any upfront costs. This will help each customer realize significant cost savings for their facilities and reduce CO2 emissions by 2050.

“Our multi-energy approach is fast gaining momentum, with Asia Pacific playing a pivotal role in our pursuit of achieving more energy with less emission. TotalEnergies has solar and wind projects in operations and/ or construction including Australia, China, India, Japan, Malaysia, South Korea, Taiwan, and Kazakhstan. We are actively exploring new developments to meet the increasing energy demands in this region,” remarked Ting Wee LIANG, President of Marketing & Services, Asia Pacific Middle East, and Country Chair Singapore, TotalEnergies.

“As a leading solar service provider known for our proven track record in deploying renewable energy solutions in highly technical and complex sites, we are delighted to be the partner of choice for customers. We are committed to help our customers reduce their carbon footprint, while we adapt to new market segments and needs for a cleaner energy future,” added Elodie RENAUD, Director of TotalEnergies ENEOS Renewables Distributed Generation Asia.

At SIEW 2023, TotalEnergies presents its industry insights on how governments, international institutions and industries can work together towards a Net Zero Asia, and ASEAN Pathway for regional Interconnectivity. It will also showcase a broad range of innovative multi-energy solutions & technologies including: LNG, renewables (solar & wind), battery storage, electric mobility, hydrogen.

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About TotalEnergies in Singapore
Present in Singapore for 41 years with more than 600 staff, TotalEnergies has activities ranging from regional headquarters, manufacturing, and research & development. Business divisions represented include Exploration & Production, Gas, Renewables & Power, Trading & Shipping, Marketing & Services (including the largest EV charging network in Singapore, TotalEnergies’ largest lubricants blending plant worldwide, and global headquarters of TotalEnergies Marine Fuels). Singapore also houses Saft batteries, and Hutchinson’s research and development activities. Visit us: TotalEnergies Singapore

About TotalEnergies ENEOS Renewables Distributed Generation Asia
The company is a 50/50 joint venture between TotalEnergies and ENEOS to develop onsite B2B solar distributed generation across Asia. It is headquartered in Singapore with a plan to develop 2 GW of decentralized solar capacity over the next five years. https://solar.totalenergies.asia

TotalEnergies and electricity
As part of its ambition to get to net zero by 2050, TotalEnergies is building a world class cost-competitive portfolio combining renewables (solar, onshore and offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. In 2022, TotalEnergies generated more than 33 TWh of electricity, and had a gross renewable electricity generation installed capacity of 17 GW. TotalEnergies will continue to expand this business to grow its power generation to more than 100 TWh by 2030, with the objective of being among the world's top 5 producers of electricity from wind and solar energy.

About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

TotalEnergies Singapore Contact: [email protected]