TotalEnergies releases Q4 2024 financial results and solar investment updates

For Q4 2024, TotalEnergies' revenues saw a decline, with adjusted net income at $4.4 billion and net income at $4 billion, alongside major solar project developments.

By Karthik Srivasthav G 07 Feb 2025 | Updated On 07 Feb 2025 19:42 IST in Business Bytes Market Bytes

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TotalEnergies has sold a 50% stake in a 2 GW US solar and battery storage portfolio, marking a major asset shift. Image Source: SOLARbytes

TotalEnergies SE, headquartered in France, has reported a Q4 2024 with its adjusted net income of $4.4 billion, which was a 15.4% decline from Q4 2023. Net income stood at $4.0 billion, which was a 21.6% drop from the previous year's $5.1 billion. TotalEnergies has sold a 50% stake in a 2 GW solar and battery storage portfolio in the US. During Q4, a 300 MW solar project in Saudi Arabia was secured through a partnership with Aljomaih Energy and Water. An agreement was also signed with OQ Alternative Energy to develop 300 MW of renewable energy projects in Oman. TotalEnergies plans to invest up to $17.5 billion in 2025, with $4.5 billion allocated to clean energy.

#TotalEnergies #EnergyFinance #Q42024Results #FinancialUpdate

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