Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Total    FP   FR0000120271

TOTAL

(FP)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Total : France's Total enters Spanish solar market with two deals

share with twitter share with LinkedIn share with facebook
share via e-mail
02/11/2020 | 05:15am EST
FILE PHOTO: The logo of French oil and gas company Total is seen in a petrol station in Paris

France's Total said on Tuesday it had signed two agreements to add 2 gigawatts (GW) of solar power capacity to its portfolio as it enters the Spanish renewables market.

Total Solar International signed the deals with Spain's Powertis and Solarbay Renewable Energy. Total did not give a value for the deals, but said it would pay fees to the firms at agreed steps during the development of the projects.

Total has been expanding into renewable energy, setting a target to achieve generation capacity of 25 GW by 2025. The agreements with the Spanish firms follow two solar deals in Qatar and India.

Under the agreement with Powertis, which develops solar power projects in Europe and South America, the companies will establish a joint venture to develop solar projects in Spain.

It said Powertis would bring 800 MW of early stage projects and the venture would develop further new projects.

In the agreement, Total Solar will acquire 100% of solar projects being developed by Solarbay in the Andalusia, Aragon and Castile-La Mancha regions of Spain, representing total capacity of up to 1.2 GW.

"Spain benefits from a solar resource that is unparalleled in Europe. Its photovoltaic market is one of the most dynamic in Europe, with an expected capacity increase from 6 GW to nearly 40 GW by 2030," Julien Pouget, Total's senior vice president for renewables, said in a statement.

Total said the first of these projects would start operations by the end of 2020.

(Reporting by Bate Felix; Editing by Edmund Blair)

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on TOTAL
02:35pSunPower Shares Up 13% as Total S.A. Builds Stake
DJ
03:37aOman grants gas exploration concession to Total and Thailand's PTTEP - minist..
RE
02/18SUNPOWER CORP : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND ..
AQ
02/18Nigerian National Petroleum, JV Partners Disburse $360 Million for Ogoniland ..
DJ
02/18Portugal's oil company Galp invests for a greener future
RE
02/17Pompeo blasts corruption, promotes U.S. business in Africa trip
RE
02/17Laura Ashley says major shareholder, lender in funding talks
RE
02/14TOTAL CONSIDERS STOPPING FUEL OIL SA : Ceo
RE
02/13TOTAL : Disclosure of Transactions in Own Shares
BU
02/12SUNPOWER : 4Q Earnings Snapshot
AQ
More news
Financials (USD)
Sales 2020 184 B
EBIT 2020 19 722 M
Net income 2020 13 480 M
Debt 2020 30 741 M
Yield 2020 6,76%
P/E ratio 2020 8,78x
P/E ratio 2021 8,11x
EV / Sales2020 0,79x
EV / Sales2021 0,77x
Capitalization 116 B
Chart TOTAL
Duration : Period :
Total Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TOTAL
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 24
Average target price 62,04  $
Last Close Price 45,05  $
Spread / Highest target 67,7%
Spread / Average Target 37,7%
Spread / Lowest Target 5,46%
EPS Revisions
Managers
NameTitle
Patrick Pouyanné Chairman & Chief Executive Officer
Jean-Pierre Gerard Claude Sbraire Chief Financial Officer
Marie-Noelle Semeria Group Chief Technology Officer & Senior VP
Patrick Artus Independent Director
Marie-Christine Coisne-Roquette Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
TOTAL-9.16%125 024
ROYAL DUTCH SHELL-11.31%195 823
PETROCHINA COMPANY LIMITED-12.31%133 090
PETRÓLEO BRASILEIRO S.A. - PETROBRAS-2.68%92 911
GAZPROM PAO--.--%82 199
PUBLIC JOINT STOCK COMPANY ROSNEFT OIL COMPANY-0.19%76 243