TotalEnergies and Masdar have signed a $2.2 billion 50/50 joint venture (JV) agreement to merge their onshore renewable activities in Asia. The JV, headquartered in Abu Dhabi Global Market (ADGM), will manage 3 GW of operational assets and 6 GW under advanced development that are expected to commence operation by 2030. Additionally, the JV will be the sole platform for developing, building, owning and operating onshore solar, wind and battery storage projects in Azerbaijan, Indonesia, Japan, Kazakhstan, Malaysia, the Philippines, Singapore, South Korea and Uzbekistan.
In March 2026, TotalEnergies entered into settlement agreements with the US Department of the Interior to relinquish its Carolina Long Bay lease and New York Bight lease, both awarded in 2022, along with its partners. As a result, the company will discontinue the development of offshore wind projects in the US. Additionally, under the terms of the agreement, TotalEnergies will recover the lease fees previously paid.
In March 2026, TotalEnergies signed an agreement with Allianz Global Investors to sell a 50 per cent stake in a portfolio of 11 battery energy storage system projects currently under construction in Germany. The portfolio has a total capacity of 789 MW/1,628 MWh, and represents a combined investment of approximately €500 million. The completion of the transaction remains subject to customary regulatory approvals and closing conditions.
Nguồn: https://renewablewatch.in/2026/04/06/totalenergies-and-masdar-form-onshore-renewables-jv-in-asia/