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/C O R R E C T I O N -- TotalEnergies ENEOS Renewables Distributed Generation Asia/


Published : Oct. 28, 2022 - 20:40

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In the news release, TotalEnergies ENEOS and Gunung Raja Paksi (GRP) sign power contract for world's largest rooftop solar system, issued 28-Oct-2022 by TotalEnergies ENEOS Renewables Distributed Generation Asia over PR Newswire, we are advised by the company that the photo caption, should read "[Image: site of GRP's facility in Indonesia where the solar rooftop will be installed by TotalEnergies ENEOS]" rather than "[Image: site of GRP's facility in Thailand where the solar rooftop will be installed by TotalEnergies ENEOS]" as originally issued inadvertently. The complete, corrected release follows:

TotalEnergies ENEOS and Gunung Raja Paksi (GRP) sign power contract for world's largest rooftop solar system

JAKARTA, Indonesia, Oct. 28, 2022 /PRNewswire/ -- TotalEnergies ENEOS and PT Gunung Raja Paksi Tbk (GRP), a member of Gunung Steel Group and one of the largest private steelmakers in Indonesia, today announced the signing of power contracts to solarize the rooftops of a GRP production site in Cikarang, Jakarta. This will be one the largest solar projects in Indonesia and the largest solar rooftop in the world.

Image: site of GRP’s facility in Indonesia where the solar rooftop will be installed by TotalEnergies ENEOS
Image: site of GRP’s facility in Indonesia where the solar rooftop will be installed by TotalEnergies ENEOS

"The installation of solar panels will be carried out throughout the factory area. This effort is a sustainable and long-term advantage which further strengthens GRP's commitment towards mitigating greenhouse gas emissions. We believe that this effort will allow us to increase our in-market competitiveness while tapping on green energy. Ultimately, this will lead us towards our goal of sustainable steel production. " said President Director of GGRP Abednedju Giovano Warani Sangkaeng (Argo).

By installing this solar system, GRP will reduce annual scope 2 carbon dioxide emissions and significantly reduce annual power costs. The implementation of the solar installation project will be led by the TotalEnergies ENEOS technical team, who is also responsible for design and selection of a trusted EPC partner.

TotalEnergies ENEOS will apply the highest safety and quality standards for all stages of the GRP project. The selection of equipment and installation will follow the technical standards of TotalEnergies ENEOS. Therefore, it's ensured that the advanced solar PV system will be able to work for more than 30 years.

"As the largest solar rooftop globally, TotalEnergies ENEOS was a natural choice. We are honored to be trusted by GRP to deliver this project safely and on time, using our best-in-class construction capabilities. TotalEnergies ENEOS provides its customers peace of mind from a technical, financial and commercial perspective. We are committed to being a long-term energy partner for GRP and hope to collaborate further in the future." said Gavin Adda, Director of TotalEnergies ENEOS Renewables Distributed Generation Asia.

During the long-term operation, this solar power plant will be equipped with sensors to monitor radiation, wind speed and ambient temperature.  The data will be integrated into a remote monitoring system to track carbon reduction and conduct preventive maintenance on a 24-hours basis.  

About TotalEnergies ENEOS Renewables Distributed Generation Asia Pte. Ltd.

The company is a 50/50 joint venture between TotalEnergies and ENEOS to develop onsite B2B solar distributed generation across Asia. It is headquartered in Singapore with a plan to develop 2 GW of decentralized solar capacity over the next five years.

TotalEnergies and renewables electricity

As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity. At the end of June 2022, TotalEnergies' gross renewable electricity generation capacity is 12 GW. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources and storage by 2025, and then 100 GW by 2030 with the objective of being among the world's top 5 producers of electricity from wind and solar energy.

ENEOS Corporation and renewables electricity

ENEOS operates over 20 solar power plants in Japan and are also participating in renewable energy projects in the United States, Australia, and Vietnam. Furthermore, ENEOS is actively engaged in power generation projects using biomass, hydroelectric power, wind power, etc. This joint venture is ENEOS' first overseas renewable energy project using distributed power sources.

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

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About ENEOS Corporation
ENEOS Group has developed businesses in the energy and nonferrous metals segments, from upstream to downstream. The Group's envisioned goals for 2040 are: becoming one of the most prominent and internationally competitive energy and materials company groups in Asia, creating value by transforming our current business structure, and contributing to the development of a low-carbon, recycling-oriented society with the pursuit of carbon-neutral status in its own CO2 emissions. ENEOS Corporation, one of the principal operating companies in the Group, is contributing to achievement of the Group's envisioned goals through a broad range of energy businesses.

About GRP (Gunung Raja Paksi)
PT Gunung Raja Paksi Tbk (GRP) is a member of Gunung Steel Group, one of the largest private steel companies in Indonesia. Established in 1970 in Medan, North Sumatra, the company started the business by producing hot steel, gradually producing beams and steel sheets. In 1991, PT Gunung Naga Mas transitioned to PT Gunung Raja Paksi (GRP). GRP is located in Cikarang Barat, West Java Province, Indonesia, covering more than 200 hectares. With more than 50 years of experience in the steel industry, GRP produces 2,200,000 tons of high quality steel annually certified by local and international certification organizations. Today, GRP has become one of the largest private steel companies in Indonesia. Gunung Raja Paksi, "Shaping Tomorrow". Together we develop a better future.

TotalEnergies ENEOS Contacts
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Cautionary Note TotalEnergies
The terms "TotalEnergies", "TotalEnergies company" or "Company" in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words "we", "us" and "our" may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

Cautionary Note ENEOS Corporation
The terms "ENEOS", "ENEOS Group" in this document are used to designate ENEOS Corporation and the consolidated entities that are directly or indirectly controlled by ENEOS Corporation. This document contains certain forward-looking statements. Actual results may differ materially from those reflected in any forward-looking statement due to various factors, which include, but are not limited to, the following: (1) macroeconomic conditions and changes in the competitive environment in the energy, resources, and materials industries; (2) the impact of COVID-19 on economic activity; (3) changes in laws and regulations; and (4) risks related to litigation and other legal proceedings.