“Our business…has expanded to the entire energy industry value chain," TotalEnergies China Country chair Yu Yongjian said. — China Daily
Beijing: Multinational energy company TotalEnergies is eyeing expansion in China, especially in the renewables business, as the nation intensifies efforts to transition toward cleaner energy sources, a top company executive says.
As a key player in China for over four decades, TotalEnergies will continuously leverage its experience and expertise to propel the growth of renewable energy projects in the country, said TotalEnergies China Country chair Yu Yongjian.
“Our business, starting from offshore oil and gas exploration and refining, has expanded to the entire energy industry value chain, including a network of retail service stations, production and distribution of lubricants and battery and energy storage solutions, to better serve our customers in China,” Yu said.
“We share common vision and enthusiasm with the country on cleaner energies, which sets the ground for mutual success.”
As part of its expansion strategy, TotalEnergies has been increasing its footprint to cover more of the renewable business in China.
The company has already developed more than one gigawatt of distributed photovoltaic projects in the country, contributing significantly to China’s renewable energy capacity.
In addition to solar initiatives, TotalEnergies is also looking to accelerate the development of wind energy projects in the country. — China Daily/ANN
