Movement Alert｜Total SA Rises 3.02% in Regular Trading, Boosted by US Solar Expansion and Azerbaijan Gas Field Contract

Market Focus10-12 21:41

On October 12, Total SA rose 3.02% in regular trading, trading at $88.71/share, with Turnover of $11.35 million.

The movement was driven by a dual catalyst: TotalEnergies and KKR signed a $1.2 billion enterprise value agreement to add 700 MW of US solar assets, and the company awarded Vallourec a contract for the Absheron gas field in Azerbaijan.

The KKR deal expands their 50/50 US solar joint venture by adding three utility-scale assets in Texas and Ohio, expected to reach commercial operation by Q1 2027. The venture currently produces 1.4 gigawatts. Separately, Vallourec will supply more than 16,000 metric tons of tubular products, including about 159 kilometers of corrosion-resistant line pipe, for the Caspian Sea project aiming to produce up to 6 billion cubic meters of gas annually and 47,000 barrels of condensate per day.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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