Total to launch US$400m Total Carbon Neutrality Ventures (TCNV) fund
Total announces a plan to focus global venture fund on fostering carbon neutrality. The Total Carbon Neutrality Ventures (TCNV) fund will increase its capital to a cumulative US$400 million within five years’ time. Its investments will support start-ups that develop innovative technologies and solutions which help companies to reduce their energy consumption or the carbon intensity of their activities.
TCNV will invest globally, with teams based in Europe and the U.S., focusing on areas such as smart energy, energy storage, smart mobility, bioplastics, and recycling.
The fund builds on Total Ventures’ existing portfolio of 35 global start-ups that directly and indirectly contribute to carbon neutrality. That portfolio includes Solidia, Sunfire, Scoop, Shyft Power Solutions, Ionic Materials, MTPV, AutoGrid, Stem and OnTruck.
Country updates
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October 28, 2019
IEA secures contract to develop 130 MW Richland Wind Farm in Sac County
Infrastructure and Energy Alternatives, Inc. (IEA) has obtained a new wind energy project award valued at approximately US$67 million. The project awarded for construction is the 130 MW Richland Wind...
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October 28, 2019
Florida approves development of 149.3 MW of solar projects in Hillsborough County
The Florida Public Service Commission (PSC) has approved the cost-effectiveness of Tampa Electric’s current phase of solar development, for two projects coming online in January. This approval...
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October 25, 2019
First Solar divests 180 MW Cove Mountain project in Iron County
First Solar, Inc. has announced that D. E. Shaw Renewable Investments (DESRI) has acquired the Cove Mountain and Cove Mountain 2 projects in Iron County, Utah. The acquisition of the two projects, the...
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October 25, 2019
Engie, Walmart sign PPA for Prairie Hill and King Plains wind projects
ENGIE US Wind has announced that it is continuing to service Walmart’s renewable energy needs via an innovative agreement that utilizes two virtual renewable power purchase agreements (VPPAs) to...
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October 24, 2019
Engie invests in 25 MW/22 MWh solar-plus-storage pipeline in the US
ENGIE North America has completed the acquisition of a four-project Solar Massachusetts Renewable Target (SMART) Program portfolio comprising 25 MW of solar capacity and 22 MWh of GridSynergy® ene...
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