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An announcement from TotalEnergies SE ( (FR:TTE) ) is now available.
TotalEnergies and OQ Alternative Energy have signed agreements to develop 300 MW of renewable energy projects in Oman, comprising one solar and two wind projects. These initiatives align with Oman’s Vision 2040 and the country’s goal for sustainable energy security, contributing to TotalEnergies’ multi-energy strategy and PDO’s sustainability objectives. The projects are expected to produce over 1.4 TWh of renewable electricity annually, supporting Oman’s transition to cleaner energy sources and reinforcing commitments to net zero emissions by 2050.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company involved in the production and marketing of oil, biofuels, natural gas, green gases, renewables, and electricity. With operations in about 120 countries, the company focuses on providing reliable, affordable, and sustainable energy solutions. It aims to reach net zero emissions by 2050 and has a significant presence in Oman, engaging in various energy projects including oil, gas, and renewables.
YTD Price Performance: -8.04%
Average Trading Volume: 2,268,150
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €123.9B
Find detailed analytics on TTE stock on TipRanks’ Stock Analysis page.
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