France's TotalEnergies Acquires Texas-based Core Solar

TotalEnergies acquired Austin, Texas-based Core Solar to further expand its solar energy presence in the U.S. with over 4 GW of solar and energy storage projects.

Hart Energy Staff

TotalEnergies is further expanding its presence in the U.S. renewable energy industry by acquiring Austin, Texas-based Core Solar LLC, according to a company press release on April 27.

Core Solar's portfolio includes more than 4 GW of utility-scale solar and energy storage projects at various stages of development across several U.S. states and power markets. The company’s CEO, Greg Nelson, and his employees will join TotalEnergies’ teams. The terms of the transaction were not disclosed.

"We are delighted with this new addition to our portfolio of solar projects in the U.S., a key region for achieving our global target of 100 GW of renewable projects in operation by 2030," Vincent Stoquart, senior vice president of renewable at TotalEnergies, commented in the release. "This attractive 4 GW pipeline of projects will strengthen and diversify our portfolio."

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