Renewable energy

DEVELOPING A PROFITABLE AND DIVERSIFIED PRODUCTION BASE

By developing, building and operating photovoltaic, hydroelectric and wind power plants around the world, Total Eren (formerly EREN Renewable Energy), a subsidiary of EREN Groupe, combines the skills and agility of a project developer with the long-term vision of an independent producer of electricity from renewable energy sources.

OUR EXPERTISE

INDEPENDENT PRODUCER OF POWER (IPP) FROM RENEWABLE ENERGY

Total Eren is involved and active throughout the entire development process of each renewable energy project. The choice to support all phases of project development and implementation is fully in line with Total Eren’s strategic goal to invest in profitable production assets with a regulated risk profile and to retain control of them over the long term.

Total Eren is thereby an independent producer of electricity (IPP) from renewable energy sources.

PROJECT DEVELOPER

Thanks to its technical, legal and commercial teams, Total Eren selects and implements projects demonstrating excellent economic feasibility, in full alignment with Eren Groupe’s sustainable development policy. With the support of local partners, Total Eren supervises the various administrative procedures, technical studies and environmental and social surveys required.

By favouring medium and large-scale projects, Total Eren uses limited recourse project financing from international and local financial institutions, in addition to investing its own funds.

ENGINEERING, PROCUREMENT, CONSTRUCTION (EPC) AND OPERATION/ MAINTENANCE

Once funding is in place, Total Eren manages the construction of the power plants or delegates it to first-class international industrial groups. With the accumulated experience of its teams and privileged access to the most qualified professionals and suppliers in the renewable energy sector, Total Eren positions itself as a multifaceted and flexible industrial player, able to maximize execution speed and to create value for the stakeholders involved.

On all its sites, Total Eren strives to encourage the employment of local labour and to implement an ambitious and strict environmental and social policy

Following the construction phase, to optimise the performance of its assets over the long term, Total Eren operates and maintains its global power plants throughout their life.


SHAREHOLDERS

In October 2015, Total Eren, then called EREN Renewable Energy, undertook a capital increase of nearly 200 million Euros in two tranches, with a group of investors including Bpifrance, Next World, Salvepar (Tikehau Group) and FFP.

This consortium of financial and industrial partners supports Total Eren’s growth ambitions in the renewable energy sector. Thanks to strengthened financial resources, a common long-term vision, and a shared objective to achieve economically viable projects, Total Eren has consolidated its ability to deploy funds to develop and invest in renewable energy projects internationally, while retaining the flexibility and agility of a more personal project developer.

In September 2017, the Total Group invested €237.5 million in EREN Renewable Energy, which was then renamed Total Eren.

In 2019, as part of the acquisition of NovEnergia, Total Eren  undertook a capital increase. In this context, Total Energies (formerly Total S.A) increased its stake in Total Eren from 23% to almost 30%.