French energy group Total SE on Thursday posted first-quarter earnings similar to the levels it was generating before the coronavirus pandemic hit profits, as higher oil and gas prices boosted its.
Total back to pre-pandemic profit levels, buys into Taiwan offshore wind project
French supermajor posts net income in first quarter and enters under-construction offshore wind scheme 29 April 2021 7:16 GMT Updated 29 April 2021 7:23 GMT in London
French supermajor Total posted first-quarter earnings close to levels from before the coronavirus pandemic, as higher oil and gas prices boosted its trading business and it increased electricity production.
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The Paris-based giant also revealed on Thursday that it has taken a sizeable stake in an offshore wind farm project current under construction in Taiwan.
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French oil major Total, which is making a major push to develop its renewable energy portfolio, said on Friday it had bought 2.2 gigawatts (GW) of solar projects in Texas, adding to a rush of acquisitions elsewhere this year.
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.