TotalEnergies ENEOS Celebrates the Completion of Solar Rooftop Projects with NTN and NTPT, Leading High-performance Composites Manufacturers in Thailand

CHONBURI, Thailand, Aug. 30, 2024 /PRNewswire/ -- TotalEnergies ENEOS celebrated the successful installation of two solar rooftop systems totaling 2 megawatt-peak (MWp) at NTN Corporation (NTN) and NTPT Company Limited's (NTPT) prominent plants in the Pinthong industrial area, Chonburi Province, Thailand.

With about 3,450 modules installed, the solar PV systems will generate approximately 2,700 megawatt-hours (MWh) of renewable electricity annually and powering approximately 15% of each facility. This contributes to significant cost savings for NTN and NTPT and reducing both companies' carbon emissions by about 1,620 tons of CO₂ emissions annually, equivalent to taking approximately 350 cars off the road or planting over 24,300 trees.

Under the long-term Power Purchase Agreement (PPA), TotalEnergies ENEOS fully funded, installed, and will be operating the solar systems for the next 20 years, NTN and NTPT are only required to pay for the electricity produced without any additional upfront costs.

"On behalf of NTN Manufacturing (Thailand) Co., Ltd., I would like to sincerely thank TotalEnergies ENEOS for their dedication in the successful construction and installation of the solar rooftop system. TotalEnergies ENEOS has demonstrated their expertise, knowledge, and best practices throughout our project, adhering to high industry standards. The project was delivered ahead of schedule, which not only met but exceeded our expectations. This significantly advances our commitment to clean energy and a greener environment, making an important contribution towards our sustainability goals", said Mr. Likhit Khamhom, Manufacturing Engineer Manager of NTN Manufacturing (Thailand) Co., Ltd.

"It is a privilege to work with NTN and NTPT on their solar rooftop projects, helping them to advance their sustainability goals. The successful completion of these emblematic projects  demonstrates  our commitment to providing competitive and sustainable solutions for our customers. It also further reinforces our position as a leader in the distributed generation solution in APAC. We look forward to supporting more industrial customers in their journey towards decarbonization", said Elodie Renaud, Director of TotalEnergies ENEOS Renewables Distributed Generation Asia.

NTN is one of the world's leading designers, developers, and manufacturers of bearings, linear modules, constant velocity joints, encoders, tensioners, vehicle spare parts, maintenance products, and servicing solutions. NTN is present in all industrial, automotive and aerospace markets. Associated with NTPT, a joint venture with highly advanced technology manufacturer Takao Kogyo Co., Ltd., is located at the same site. Both plants are pivotal in supplying the regional industry with semi-finished automotive products.

About TotalEnergies ENEOS Renewables Distributed Generation Asia Pte. Ltd.

The company is a 50/50 joint venture between TotalEnergies and ENEOS to develop onsite B2B solar distributed generation across Asia. It is headquartered in Singapore with a plan to develop 2 GW of decentralized solar capacity over the next five years. https://solar.totalenergies.asia 

TotalEnergies and electricity

As part of its ambition to get to net zero by 2050, TotalEnergies is building a world class cost-competitive portfolio combining renewables (solar, onshore and offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. At the end of 2023, TotalEnergies' gross renewable electricity generation installed capacity was 22 GW. TotalEnergies will continue to expand this business to reach 35 GW in 2025 and more than 100 TWh of net electricity production by 2030. https://renewables.totalenergies.com/en

ENEOS Corporation and renewables electricity

ENEOS Group operates solar power plants in Japan and is also participating in renewable energy projects in the United States, Australia, Vietnam and Taiwan. Furthermore, ENEOS is actively engaged in power generation projects using biomass, hydroelectric power, wind power, etc. This joint venture is ENEOS' first overseas renewable energy project using distributed power sources.

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.

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About ENEOS Corporation

ENEOS Group has developed businesses in the energy and nonferrous metals segments, from upstream to downstream. The Group's envisioned goals for 2040 are: becoming one of the most prominent and internationally competitive energy and materials company groups in Asia, creating value by transforming our current business structure, and contributing to the development of a low-carbon, recycling-oriented society with the pursuit of carbon-neutral status in its own CO2 emissions. ENEOS Corporation, one of the principal operating companies in the Group, is contributing to achievement of the Group's envisioned goals through a broad range of energy businesses.

TotalEnergies ENEOS Contacts

Media Relations: contact.solar.asia@totalenergies.com

Cautionary Note TotalEnergies

The terms "TotalEnergies", "TotalEnergies company" or "Company" in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words "we", "us" and "our" may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

Cautionary Note ENEOS Corporation

The terms "ENEOS", "ENEOS Group" in this document are used to designate ENEOS Corporation and the consolidated entities that are directly or indirectly controlled by ENEOS Corporation. This document contains certain forward-looking statements. Actual results may differ materially from those reflected in any forward-looking statement due to various factors, which include, but are not limited to, the following: (1) macroeconomic conditions and changes in the competitive environment in the energy, resources, and materials industries; (2) the impact of COVID-19 on economic activity; (3) changes in laws and regulations; and (4) risks related to litigation and other legal proceedings.