TotalEnergies Eneos and PTT Global Chemical recently celebrated the official launching of a total capacity of 6.7 megawatt-peak (MWp) solar photovoltaic (PV) system for PTT’s five production facilities in Thailand. PTT is Thailand’s largest integrated petrochemical and refining business and a leading corporation in the Asia-Pacific region, with a target to reduce greenhouse gas emissions for 20% by 2030 on its journey towards achieving Net Zero emissions by 2050.
With over 11,000 of solar panels installed onto the rooftops of the company’s five facilities, the 6.7 MWp PV systems generates approximately 9,500 megawatt-hours (MWh) of renewable energy annually, realising significant cost savings for PTT and reducing the company’s carbon footprint by about 4,300 tonnes/year of CO2 emissions, equivalent to planting more than 64,500 trees over the contract period.
Under the agreement, TotalEnergies Eneos operates the installed PV solar system while PTT promptly buys the electricity generated for 20 years, without taking any upfront investments.
TotalEnergies Eneos is a 50/50 joint venture between French petchem firm 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 decentralised solar capacity over the next five years.
Eneos operates over 20 solar power plants in Japan and is also participating in renewable energy projects in the US, Australia, and Vietnam. Furthermore, Eneos is actively engaged in power generation projects using biomass, hydroelectric power, wind power, etc. This joint venture is Eneos’s first overseas renewable energy project using distributed power sources.