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.
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.
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.
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%.
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%.
