New Energies
In 2021, Saudi Arabia announced to reach net-zero emissions by 2060. As part of Vision 2030, the NREP (National Renewable Energy Program) is targeting 40GW of Solar and 16GW of Wind, which is deployed via the Saudi Power Procurement Company (SPPC) program through public government tenders (17 GW) and direct placement with the Public Investment Fund (PIF) (39 GW).
SPPC launched already 5 Rounds where TotalEnergies have been participating to support the Kingdom Energy Transition.
TotalEnergies is currently constructing Wadi Ad-Dawasir (119MWp) in KSA which was awarded under Round3. The consortium, consisting of TotalEnergies (France), Toyota Tsusho (Japan), and Altaaqa Renewable Energy (Saudi Arabia), has secured financing for a 119 MWp solar photovoltaic power plant in Wadi Ad-Dawasir. The consortium will oversee financing, ownership, and operation of the plant, which will be constructed by Chinese company SEPCO and reach COD by early 2025.
TotalEnergies is a 50% shareholder of SAFEER (Saudi French for Energy Efficiency and Renewables), a Joint Venture with Altaaqa Alternative Solution, an affiliate of the Zahid Group. Created in 2020, SAFEER aims to bring affordable and reliable solar energy solutions to commercial and industrial customers across Saudi Arabia https://safeer-solar.com/
Partners
Altaaqa Renewables Energy
Altaaqa Renewable Energy (ARE) is an Altaaqa Alternative Solutions company, a fully owned subsidiary of Zahid Group.
Zahid Group has long been committed to social and environmental sustainability across its diverse businesses. In recent years, the Group has built its own renewables activity, founding, and investing in various companies in the renewables sector. These are comprised in the Group´s Energy Sector. In 2020, Zahid Group created a vehicle fully dedicated to the deployment of utility scale sustainable energy solutions, Altaaqa Renewable Energy (ARE). ARE operates globally, out of its Dubai office, and has regional offices in Europe, Middle East and Africa.
Toyota Tsusho
Toyota Tsusho (trading company) is a member of the Toyota Group . Toyota Tsusho has a global presence with all its branches and operating subsidiaries, including more than 150 offices and 900 subsidiaries and affiliates worldwide. Its primary business is to support the automotive businesses of Toyota Motor Corporation and other Toyota Group companies, but Toyota Tsusho's business is highly diversified, spanning industrial, commercial, and consumer sectors. Business areas run the gamut, including industrial raw materials, agricultural products, and advanced technology.
The corporate group has organized its business areas of strength and the themes of carbon neutrality and the circular economy into seven priority domains (Next Mobility, Renewable Energy & Energy Management, Africa, Circular Economy, Batteries, Hydrogen & Alternative Fuels, Economy of Life*) and positioned them as growth strategies for achieving our Mid-term Business Plan.
WORLDWIDE: LAUNCH OF A NEW LUBRICANT FOR AUTOMOTIVE AIR CONDITIONING COMPRESSORS
Total launches Planetelf PAG K 40, high performance lubricant for Automotive air conditioning compressors.
Planetelf PAG K 40 has been designed to meet the requirements of both R134a and HFO-1234yf refrigerant gases present in the automotive air-conditioning industry. Whatever the gas used, Planetelf PAG K 40 offers good miscibility, provides superior protection and reduces wear on compressors.
SATORP completes MENA region’s first conversion of used cooking oil into ISCC+ certified sustainable aviation fuel (SAF)
Paris, October 30, 2023 – SATORP, platform jointly owned by Aramco (62,5 %) and TotalEnergies (37,5 %), has for the first time in the region successfully converted used cooking oil through coprocessing into ISCC+ certified Sustainable Aviation Fuel (SAF).
TotalEnergies Completes Financing for its First Solar Power Plant in Saudi Arabia
Ryiadh, June 26th, 2023 – The consortium comprising France's TotalEnergies, Japan's Toyota Tsusho and Saudi Arabia's Altaaqa Renewable Energy (Zahid Group) has completed financing for the development of a 119 MWp solar photovoltaic power plant in Wadi Ad-Dawasir. Following the final investment decision taken earlier, the financial close with local lenders APICORP and Riyadh Bank is a further important milestone for the project.