TotalEnergies completes rooftop solar installation for PREMO Vietnam Co. Ltd, a global leader in innovative magnetics

PRNewswire September 11, 2023

HO CHI MINH CITY, Vietnam, Sept. 11, 2023 /PRNewswire/ — TotalEnergies has completed the building of 1 megawatt-peak (MWp) Rooftop Solar Photovoltaic (PV) System at two production sites of PREMO Vietnam Co. Ltd in Quang Nam Province, Vietnam. Headquartered in Spain, PREMO is a leading provider of electromagnetic motion tracking sensing solutions and designs. This PV system will power about 25% of the facilities with renewable energy.

With over 1,700 of modules installed, the PV system will generate approximately 1,350 megawatt-hours (MWh) of renewable electricity annually. PREMO Vietnam will achieve cost savings for the facilities and reduce the company’s carbon footprint by about 1,000 tonnes of CO2 emissions annually, equivalent to planting over 15,000 trees.

Under the agreement, TotalEnergies fully funded, installed the solar system and will operate it while PREMO Vietnam will only purchase the electricity produced for 20 years, avoiding any upfront costs.

Image: site of PREMO Vietnam where the solar rooftop is installed by TotalEnergies

“Sustainability is one of our main objectives, green energy being a top priority for us. Therefore, we are pleased to partner with TotalEnergies, a company that we consider a key partner for our green strategy in Vietnam” said Andres Garcia, Country Manager of PREMO Vietnam Co. Ltd.

“We are pleased to support PREMO Vietnam in taking an important step towards achieving their long-term sustainability goals. As a leading solar service provider for commercial and industrial businesses, TotalEnergies is committed to helping customers like PREMO Vietnam reduce both their energy costs and carbon footprint,” said Elodie Renaud, Director of TotalEnergies Renewables Distributed Generation Asia.

TotalEnergies and renewables electricity

As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in electricity and renewables. At the end of Q2 2023, TotalEnergies’ gross renewable electricity generation installed capacity was 19 GW. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources and storage by 2025, and then 100 GW by 2030 with the objective of being among the world’s top 5 producers of electricity from wind and solar energy.

About TotalEnergies

TotalEnergies is a global multi-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 energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

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PREMO is a Spain-based company engaged in the development, manufacture, and sale of electronic components with special focus on the growing market of H&EV, and market segments including automotive, telecommunications, and industrial electronics. 1200 employees at over 8 design and production locations and an extensive sales network let PREMO have a global presence to meet country specific needs. 58 years being a preferred supplier because of our strong commitment to business excellence, engineering support, reliable delivery and the quality of our products.

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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).





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