Behind the Flurry of Big Solar Deals in 2020: Conventional Energy Companies

By [email protected] European oil majors and utilities are snapping up huge volumes of solar projects so far this year, with France’s Total leading the way.

Total confirmed Tuesday that it will add another 2 gigawatts of capacity in Spain, including a development pipeline of 1.2 gigawatts and a 65 percent stake in a joint venture with Powertis for another 800 megawatts. Last week Total bought a 50 percent share in a 2-gigawatt pipeline with Adani in India for $510 million.

According to project data tracked by Wood Mackenzie Power & Renewables, more than 6 gigawatts’ worth of solar deals have been transacted barely six

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