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TotalEnergies Acquires Core Solar in Texas.

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Vincent

MANews-(C)2009-2022

French energy group TotalEnergies (PAR: TTE) (LSE: TTE) (NYSE: TTE) is expanding its presence in the US renewable energy industry by acquiring Texas-based Core Solar, LLC whose portfolio includes more than 4gw of utility-scale solar and energy storage projects at various stages of development across several US states and power markets, the group said.

Core Solar's CEO Greg Nelson and his employees will join TotalEnergies' teams.

With this acquisition, TotalEnergies further develops its presence in the US where it now has a portfolio of more than 10 GW gross capacity of renewable projects in operation, in construction and in development:

In large scale solar energy, TotalEnergies is already developing 2.2gw of projects, initially carried by SunChase Power, and 1.6gw of projects in partnership with Hanwha Energy, which will be completed by the 4gw of projects acquired from Core Solar.

These portfolios also include energy storage projects.

In offshore wind energy, TotalEnergies is starting the development of a 3 GW wind farm off the coast of New York and New Jersey, which was awarded last February during the New York Bight auction.

The company has also launched a joint venture with Simply Blue to unlock the vast potential for floating offshore in the United States. Beyond, TotalEnergies is working on the preparation of the...

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