TOTAL’s New Solar Plant in Japan to Take Capacity to 100 MW – Yahoo Finance

TOTAL S.A. TOT announced that its unit, Total Solar International will start the construction of Miyagi Osato Solar Park, a large-scale solar plant of 52 megawatt-peak (MWp) located in Osato, Japan. This project is expected to start commercial operations from 2021 and take TOTAL’s power generation capability from solar sources to more than 100 MWp in Japan.

The project will utilize around 116,000 Maxeon high-efficiency solar panels from SunPower (SPWR) that deliver reliable performance for the lifetime of every installation. The latest solar plant, and the existing Miyako Solar Park and Nanao Power Plant make the company one of the most active operators in the Japanese solar market.

Focus on Clean Energy

The said project is in sync with Total’s commitment to develop renewable production capacities on a worldwide basis. The company’s gross low-carbon power generation capacity on a worldwide basis stands at 7 gigawatts (GWs), of which contribution from renewable energies is more than 3 GW.

The company, taking into consideration the impact of climate change, is building a portfolio of low-carbon businesses that could account for 15-20% of sales by 2040.

In addition to TOTAL, oil and gas majors like Chevron Corporation CVX), BP Plc.BP and Royal Dutch Shell Plc RDS.A are going to invest heavily in the renewable energy space. These companies have committed to reduce carbon footprint over the next few years and made several acquisitions to expand in the clean energy space.

Price Movement

TOTAL’s shares have underperformed its industry in the last month.

Zacks Rank

TOTAL currently has a Zacks Rank #5 (Strong Sell).

You can see complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Today’s Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.

This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.

See their latest picks free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BP p.l.c. (BP) : Free Stock Analysis Report
Royal Dutch Shell PLC (RDS.A) : Free Stock Analysis Report
Chevron Corporation (CVX) : Free Stock Analysis Report
TOTAL S.A. (TOT) : Free Stock Analysis Report
To read this article on click here.
Zacks Investment Research


« »
Malcare WordPress Security