TotalEnergies CEO Patrick Pouyann has announced that the French oil and gas major is 'seriously' considering a possible primary listing in New York, but this is easier said than done
Last month, we reported that scores of beleaguered solar companies in Europe were looking to abandon their home countries and set up shop in the United States amid intense competition from Chinese solar manufacturers as well as favorable solar and clean energy policies in the U.S. To wit, Swiss solar module maker Meyer Burger has revealed plans to stop panel production in Germany and relocate to the United States after failing to garner support from Berlin.
Third, it would be hard to work out the logistics of Total’s growing electricity unit--a part of the company’s green-energy strategy--because unlike oil, which is priced and traded globally, the power business is inherently local in nature. TotalEnergies has set an ambitious target to produce more than 100 TWh by 2030, thanks to a 4 to 5-fold increase in renewable production 19 TWh in 2023 and a 2-fold increase in flexible assets production 15 TWh in 2023. Shell Seeking U.S.
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