Key Player TotalEnergies Focuses on Renewables Growth in China
Multinational energy company TotalEnergies is strategically eyeing an expanded footprint in China’s renewables market amid the nation’s heightened efforts to transition towards cleaner energy sources.
Decades of Experience to Drive Renewable Energy Projects
With over four decades as a key player in China, TotalEnergies plans to leverage its extensive experience and expertise. The company aims to contribute to the growth of renewable energy projects in the country, aligning with China’s vision for cleaner energies.
TotalEnergies China Country Chair, Yu Yongjian, emphasized the company’s diversified involvement in the entire energy industry value chain, from offshore oil and gas exploration to retail service stations, lubricants, and battery and energy storage solutions.
Expansion Strategies and Achievements
As part of its expansion, TotalEnergies has successfully developed over 1 gigawatt of distributed photovoltaic projects in China, significantly boosting the country’s renewable energy capacity. The company is also focusing on accelerating wind energy projects in collaboration with local partners.
Commitment to Sustainable Solutions and Net-Zero Goals
TotalEnergies has recognized China’s push towards sustainable transportation and the rising popularity of electric vehicles. The company has formed a joint venture with China Three Gorges to develop high-power charging infrastructure for electric mobility.
The expansion into renewable energy by multinational companies aligns with China’s green transition goals. Luo Zuoxian, Head of Intelligence and Research at the Sinopec Economics and Development Research Institute, emphasizes the collaborative efforts of global energy companies in addressing climate change.
Diverse Projects in E-Mobility, Biofuels, and Hydrogen Energy
TotalEnergies is actively pursuing projects in e-mobility, biofuels, and hydrogen energy to support China’s progressive shift towards net-zero. The commitment includes collaborations with Chinese partners to strengthen its presence in the renewable energy sector.
As the world’s third-largest LNG player, TotalEnergies has supplied over 5 million metric tons per annum of liquefied natural gas to China in 2023, reinforcing its multifaceted contributions to the nation’s evolving energy landscape.
Source：chinadaily.com.cn
