Solar and wind: our ambition in renewable energies

Wind farm on the Faroe Islands

The world’s energy future is being shaped by the dual challenge of climate change and growing demand for electricity, with renewable energies set to play a crucial role in this new environment. To become the responsible energy major means taking these realities into account by investing heavily in renewables, and particularly in solar and onshore and offshore wind – three fast growing sources of energy that boast many advantages in that they are abundant, clean, flexible, efficient and competitive.

Why we believe in renewable energies

>30%*  
Renewable energies will represent more than 30%* in the global energy mix by 2040
* Source: IEA SDS
According to the Sustainable Development Scenario (SDS) put forward by the International Energy Agency (IEA), the share of renewable energies in the global energy mix is expected to increase sharply, from 14% currently to more than 30% in 2040. Alongside natural gas, the least carbon-intensive fossil fuel, renewables will enable both the meeting of the world’s growing demand for electricity and the limiting of global warming.

Electricity will be the energy of the 21st century. Over the next 20 years, electricity demand will increase faster than the demand for energy as a whole and should double between now and 2040. With this in mind, we strive to meet this need by adapting our energy mix to give greater prominence to natural gas and renewables. This approach serves to further our ambition of becoming the responsible energy major.

Total’s ambition for renewable energies

25 GW*  
Target for installed power generation capacity from renewable sources in 2025
* 100% operated
Becoming the responsible energy major means developing new businesses, new activities and cutting-edge technologies in the area of renewable energies, with the ambition of expanding their share in our portfolio by 2035.
 
To make this happen, we are targeting a renewable electricity generation capacity of 25 gigawatts by 2025 thanks to the expertise of our affiliates Total Solar, Total Eren, Total Quadran and SunPower.
 
Through our affiliates, we are developing our positions in photovoltaic solar and onshore and offshore wind power generation. We do everything from manufacturing cells to selling low-carbon electricity, not to mention designing and operating solar and wind farms and installing distributed solar solutions for individuals and industrial and commercial customers.
 
These positions in renewable power generation are complemented by investments in storage capacity via the expertise of our Saft affiliate. Energy storage is a major challenge for the future of power grids and serves as a critical ally to renewable energies, which are inherently intermittent.
 
Lastly, as part of our goal to diversify our energy mix, we are also investing in bioenergies and hydraulic and wind energy through our affiliate Total Quadran and our stake in Total Eren.

* from natural gas and renewable energies

 

Power storage: the key to renewables’ success

stockage_electricite_saft.jpg

Storage is quite possibly the greatest challenge currently facing the renewables industry. For these energies to become indispensable, we must be able to deliver the power they produce when we need it most, namely at night and in the winter. This means storing energy during the day and distributing it outside of periods of sunshine.

At Total, we are convinced that optimizing storage is key to the expansion of renewable energies, provided that it is backed by technologies that are safe and competitive, both economically and technically. Today, we are well placed to rise to this challenge with our affiliate Saft, the world leader in advanced-technology batteries for industry, whose next-generation lithium-ion batteries can store a large amount of electricity in a small amount of space.

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