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TotalEnergies and Aljomaih Awarded 400 MW Solar Project in Saudi Arabia

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TotalEnergies and Aljomaih Awarded 400 MW Solar Project in Saudi Arabia

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TotalEnergies SE ( (FR:TTE) ) has shared an update.

TotalEnergies and Aljomaih Energy & Water have been awarded a contract to develop a 400 MW solar power plant in As Sufun, Saudi Arabia, as part of the National Renewable Energy Program. This project, which will power over 68,400 homes, aligns with Saudi Arabia’s Vision 2030 to increase renewable energy capacity and reduce reliance on liquid fuels. The initiative marks a significant step for TotalEnergies in expanding its renewable energy footprint in Saudi Arabia, complementing its existing projects and reinforcing its role in the country’s energy transition.

More about TotalEnergies SE

TotalEnergies is a global integrated energy company involved in the production and marketing of various energy forms including oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity. The company is committed to sustainability and operates in about 120 countries. Aljomaih Energy and Water Company, founded in 2007, is a leading investor, developer, and operator in the utilities and infrastructure sectors in Saudi Arabia, with a focus on sustainable development in line with Saudi Vision 2030.

For a thorough assessment of TTE stock, go to TipRanks’ Stock Analysis page.

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