At Total, we believe that abundant, clean and renewable solar power is an important solution to rising energy demand and the challenges presented by the energy transition. This is why we are working to make solar power more efficient and competitive.
Developing solar power today to prepare for tomorrow
In the decades ahead, renewable energies will play an increasingly important role as a supplement to fossil fuels. We estimate that renewables and hydropower will represent 20% of the global energy mix by 2035, compared to 13% in 2010. But we must prepare for this future today.
Solar power is approaching a tipping point and will require substantial human, financial and technological investment to reach the next level. We decided to actively pursue this strategic avenue through our SunPower affiliate, a global leader in solar power, and through investments in R&D to find ways to improve output, reduce costs and store electricity after its generation.
To keep the average global temperature increase below 2°C by 2100, the International Energy Agency’s 2°C scenario involves: reduce the share of coal for the benefit of gas, which emits around half as much CO2 as coal when used for power generation. The share of renewables will soar over the same period, to 22% from 8%, excluding traditional biomass. This growth will be led by a surge in solar and wind power along with “modern” biomass.
A global energy company at the cutting edge of the solar industry
As an integrated energy company, we believe that working to develop new energies is both a strategic decision and an industrial responsibility for our Group. As a majority shareholder in SunPower, we are active across the entire photovoltaic value chain, from manufacturing cells to designing large-scale turnkey solar power plants to installing residential or commercial solar panel.