- Total and 174 power global have formed an equally shared venture to develop renewable energy projects across the United States.
- Total sees this as a step towards achieving its clean energy targets of 35GW installed global capacity by 2025.
- Some of the projects agreed to are already in 174 Power’s development pipeline, and some are expected to be operational between 2022 and 2024.
French energy company Total and 174 Power Global, part of the Hanwha Group, have formed a joint venture to develop 1.6GW of projects in the United States. Some of the projects were already in 174 Power Global’s development pipeline. The projects are located in Texas, Nevada, Oregon, Wyoming, Virginia, and Hawaii. These projects include12 utility-scale solar arrays and energy storage installations
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Hanwha Group is a South Korean business conglomerate founded in 1952 as Korea Explosives. The group has a diversified operations portfolio offering services that range from retail and financial services. 174 Power Global was formed in 2017. In December, the unit agreed to a seven-year dispatch right with ConEdison to deploy a 100 MW battery storage project – the East River Energy Storage System – in Queens, New York.