Total SA launches operations at 25-megawatt Japanese solar power plant
Updated : 10:43
Energy firm Total SA has kicked off commercial operations at its 25-megawatt peak solar power plant on Japan's Honshu Island.
Total's Miyako plant, completed two years after beginning of construction, will generate enough clean and reliable electricity to serve over 8,000 homes and has been designed to fully meet Japan's stringent earthquake-resistant building standards.
Jointly owned by Total Solar and Chubu Electric Power, one of Japan's largest electric power utilities, the Iwate Prefecture plant signals part of Total's ambitions to become a "responsible energy major".
Total told investors it plans to build "a profitable low carbon electricity business" and aims to see 15-20% of its sales mix coming from renewable sources by 2040.
Looking forward, the outfit intends to invest between $1.5bn and $2bn dollars per year in low carbon electricity from gas and renewables.
As of 0940 BST, Total's London-listed shares had slipped 0.96% to €46.27 each.