TotalEnergies Joins Hand With Petronas For Renewable Energy Projects In Asia-Pacific
Portfolio Pulse from Lekha Gupta
TotalEnergies (NYSE:TTE) has signed a strategic deal with Petronas' Gentari Renewables to develop renewable energy projects in the Asia Pacific region. The partnership includes the 100MW Pleasant Hills Solar Project in Queensland, Australia. This deal aligns with TTE's goal to reach net zero by 2050 and have a gross renewable electricity generation installed capacity of 18 GW by H1 2023.
June 26, 2023 | 5:32 pm
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TotalEnergies partners with Petronas' Gentari Renewables for renewable energy projects in Asia Pacific, including the 100MW Pleasant Hills Solar Project, supporting TTE's net zero goal.
The strategic partnership with Gentari Renewables will help TotalEnergies expand its renewable energy portfolio in the Asia Pacific region, contributing to its net zero goal. This collaboration is expected to have a positive impact on TTE's stock price in the short term as it demonstrates the company's commitment to renewable energy and its growth strategy.
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IMPORTANCE 80
RELEVANCE 100