TotalEnergies expects its electricity generation to reach more than 100TWh in 2030, of which 70% will be renewable and 30% flexible-based.
It will represent nearly 20% of global energy production of the company, according to its latest Strategy & Outlook presentation.
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According to the document, by actively completing in 2024 its integrated model in key targeted deregulated markets, Integrated Power is making progress on its main levers to achieve at least 12% ROACE by 2028-2030 and will be net cash positive by 2028.
Furthermore, TotalEnergies has confirmed net investments between US$16bn-$18bn per year during 2025-2030, of which around US$5bn will be dedicated to low-carbon energies.