Total s refinery and petrochemical platforms to be solar powered
2/5/2021
French oil major Total, which is making a major push to develop its renewable energy portfolio, said it had bought 2.2 gigawatts (GW) of solar projects in Texas, adding to a rush of acquisitions elsewhere this year. It said it would cover all power consumption at its U.S. production sites, including its refining and petrochemical platforms, from its solar power and energy storage assets.
Europe s top energy companies have outlined plans to curb emissions and boost renewable energy output as they come under pressure from investors. Total is looking to wean itself off a reliance on oil and plans to market more electricity to clients.
Adani Green Energy Q3 results: Company back in black, reports net profit of Rs 128 crore
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Adani Green Energy Q3 results: Company back in black, reports net profit of Rs 128 croreBy
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AGEL s total revenue increased to Rs 843 crore, up 63% from Rs. 523 crore from the corresponding quarter in the previous financial year.
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MUMBAI: Adani Green Energy Limited (AGEL) saw a net profit of Rs. 41.36 crore in the third quarter of 2020-21, against a loss of Rs. 128.5 crore in Q3 of last year, on the back of increased solar capacity and generation, and the parent group s partnership with French energy giant Total.
AGEL s Operational Capacity grows to 3,245 MW with addition of 700 MW in YTD FY21
Posted On: 2021-02-03 05:52:50 (Time Zone: Arizona, USA)
Adani Green Energy Ltd. [ AGEL ], a part of the Adani Group, today announced the financial results for the financial period ended December 31, 2020.
- Sale of Energy for Q3 FY21 increased by 31% YoY on the back of capacity addition of 530 MW and improved Solar CUF.
- Solar CUF increased by 80 bps YoY at 20.8% in Q3 FY21 with 80 bps improvement YoY in Plant availability at ~ 100% and consistent Solar irradiation.
- Wind CUF decreased by 200 bps YoY at 18.9% in Q3 FY21 due to lower wind speed (4.9 v/s 5.6 meters/sec YoY) although well compensated by 630 bps improvement in plant availability at 94.8% Q3 FY21. Wind CUF has improved by 30 bps for 9M FY21.
Total SE (NYSE: TOT) has revealed that it has successfully issued perpetual subordinated bonds in the amount of $3.6 billion (EUR 3 billion).
Total SE (NYSE: TOT) has revealed that it has successfully issued perpetual subordinated bonds in the amount of $3.6 billion (EUR 3 billion).
This comprises $1.8 (EUR 1.5 billion) at 1.625 percent coupon for the tranche with a seven year first call date and $1.8 billion (EUR 1.5 billion) at 2.125 percent coupon for the tranche with a 12 year first call date. Total noted that, with a weighted average coupon of 1.875 percent, the issuance that was “very well received” by investors.
Total outlined that the proceeds from the bonds will be used to finance the company’s development strategy, mainly acquisitions in renewables, in particular $2 billion (EUR 1.7 billion) for the acquisition of a 20 percent interest in Adani Green Energy Limited (AGEL).