TotalEnergies has commenced commercial operations of Danish Fields and Cottonwood, two utility-scale solar farms with integrated battery storage located in southeast Texas.
These new projects, with a combined capacity of 1.2 GW, are part of the company’s portfolio of renewable assets totaling 4 GW in operation or under construction in Texas.
Danish Fields is TotalEnergies’ largest solar farm in the U.S., with a 720 MW capacity and 1.4 million ground-mounted photovoltaic panels. The project also comprises a 225 MWh battery storage system (BESS) supplied by Saft, the battery subsidiary of TotalEnergies.
Seventy percent of Danish’s solar capacity has been contracted through long-term Corporate Power Purchase Agreements, featuring an upside sharing mechanism indexed on merchant price.
The remaining 30% is set to support the decarbonization of TotalEnergies’ industrial plants in the U.S. Gulf Coast region. Along with Myrtle Solar which was commissioned last year and the under-construction Hill 1 solar farm, these three projects are expected to cover the electricity consumption of TotalEnergies’ industrial sites in Port Arthur and La Porte in Texas, and Carville in Louisiana.
Cottonwood has a capacity of 455 MW, and features 847,000 ground-mounted photovoltaic panels. The site is also expected to feature a 225 MWh of battery storage supplied by Saft, scheduled for commissioning next year. Cottonwood’s electricity production is contracted under long-term PPAs indexed to merchant prices through an upside-sharing mechanism with LyondellBasell and Saint-Gobain, to support their decarbonization efforts.
“The start-ups of Danish Fields and Cottonwood in the fast-growing ERCOT market showcase TotalEnergies’ ability to deliver competitive renewable electricity to support our clients’ decarbonization goals, as well as our own,” says Olivier Jouny, senior vice president, Renewables at TotalEnergies.
“Thanks to these projects, we are delighted to take another step in delivering our strategy across the entire value chain, from power generation to customer delivery, in order to achieve our profitability target of 12% ROACE in our Integrated Power business.”
The post TotalEnergies Starts Commercial Operations of Texas Solar + BESS Projects appeared first on Solar Industry.
TotalEnergies Starts Commercial Operations of Texas Solar+Storage Projects
I’m not a financial pro, but here’s some advice:
Don’t live on a budget. Make a lot of money and live far beneath your means. What value does luxury actually bring to your life, especially if it makes you nervous about running out of cash?
As I told my kids when they were growing up, “Unless you’re completely shallow, showing off your money is an idiotic thing to do. You make false friends and have people glomming onto you to sell you stuff you really don’t need.”
Warren Buffett still lives in a modest house in Nebraska, a state in which he could buy an entire country. Maybe there is something about him and his values that could benefit you.
I see.
There’s not enough land in Spain to support rooftop and ground-mounted solar at a fraction of the cost.
LOL.
It’s possible that right now, there are other civilizations observing the human race, studying us from afar, and noticing our decline into savagery and eventual extinction by turning billionaires into trillionaires.
People say that the principal weakness of human beings is that we can’t plan for the future as a species. Dogs are arguably even worse, though they aren’t consumed with greed. They don’t plot the starvation of millions of other dogs so they themselves can have enough food to last a billion years.
As an elderly man, I’ll be leaving this planet soon, but I won’t cease pondering this until my heart stops beating.
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