It was recently reported that Tootengies SE (NYSE: TTE) inaugurated its largest solar energy plant in Europe. Let’s shed some light on development.
An industrial oil and gas factory, with piles of pipes that release steam in the air.
Totomengies SE (NYSE: TTE) unveiled on 22 May 2025, that it started a cluster of five solar projects in Sevilla, Spain, with a totally installed capacity of 263 MW, which marks the largest solar energy center cluster in Europe of the French energy -Major. The Zonneveld will generate 515 GWH electricity annually, sufficient to provide more than 150,000 Spanish households with electricity, so that an important step forward in the push from Spain to 80% renewable energy sources is marked by 2030. The company revealed that the majority of the generated electricity will be sold by long -term power purchase agreements (PPAs), while it will be traded in the common market.
The Sevilla project, explained of strategic importance by the Andalusian government, included the installation of 400,000 bifacial solar panels equipped with Sun-Tracking systems, generated 800 direct and indirect jobs and offered a significant economic boost for the local economy. Olivier Jouny, Senior Vice President Renewables at Totengies SE (NYSE: TTE), explained:
“We thank the Spanish authorities on both regional and national levels for supporting this solar project that contributes to the ambition of Spain of 80% of the renewable energy sources in its mix by 2030. With our 1,700 employees in Spain we are a competing integrated liver.one Largest supplier of electricity, gas and related services in Spain, where we have more than 2 million living and professional customers. “
Totomengies SE (NYSE: TTE) remains focused on expanding its portfolio beyond oil and gas, with 28 GW gross -installed renewable capacity worldwide, with the aim of reaching 35 GW by the end of 2025 and more than 100 TWH of the net electricity production by 2030.
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