Chennai, Tamil Nadu, India, May 17, 2022 – Yanmar Engine Manufacturing India Pvt Ltd (YEMI), a leading Japanese engine manufacturer based in Tamil Nadu, India, has signed a binding, long-term agreement with TotalEnergies to provide a 1 MWp solar photovoltaic (PV) system to its industrial engine production facility in India. This system will power about 30% of the facility’s energy with green power.
With over 2,200 of modules installed, the PV system will generate approximately 1,500 megawatt-hours (MWh) of renewable electricity annually, realising significant cost savings for YEMI and reducing the company’s carbon footprint by about 1,200 tons of CO2 emissions, equivalent to more than 130 million smartphones charged annually.
Under the agreement, TotalEnergies will install and operate the PV solar system while YEMI will pay for the electricity generated for 20 years, without taking any upfront investments.
Varun Khanna, Managing Director YEMI said, “The installation of this solar photovoltaic generation system underscores Yanmar’s longstanding commitment to sustainable operations. With this investment, we continue Yanmar’s goal to realise a sustainable future with access to powerful, highly efficient, and affordable engine technologies as well as implementing systems that can make optimal use of diverse energy sources to reduce the burden on the environment.”
Gavin Adda, Head of TotalEnergies Renewables Distributed Generation Asia said, “As the leading player in solar energy in the region, we are honoured to be the choice of Yanmar in providing renewable energy solutions that are cost-effective and reduce their carbon emissions. TotalEnergies provides its customers peace of mind from a technical, financial and commercial perspective. We are dedicated to being a long-term energy partner for Yanmar and welcome the opportunity to collaborate further in the future.”
About TotalEnergies Renewables Distributed Generation in Asia
TotalEnergies Renewables Distributed Generation is a major international provider of fully integrated distributed solar energy solutions, including solar-powered rooftops, carport and ground-mounted solar power plants, with a portfolio of over 800 MW of projects in construction and operation worldwide. In Asia, TotalEnergies Renewables Distributed Generation is one of the largest and fastest players in renewable energy distributed generation in the region for commercial and industrial customers, with a portfolio of over 600 MW of projects in development and operation across 10 countries. https://solar.totalenergies.asia
TotalEnergies, renewables and 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 September 2021, TotalEnergies’ gross renewable electricity generation capacity is 10 GW. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources 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.
TotalEnergies is a global multi-energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 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.
With beginnings in Osaka, Japan in 1912, Yanmar was the first ever to succeed in making a compact diesel engine of a practical size in 1933. Moving on, with industrial diesel engines as the cornerstone of the enterprise, Yanmar has continued to expand its product range, services, and expertise to deliver total solutions as an industrial equipment manufacturer. As a provider of small and large engines, agricultural machinery and facilities, construction equipment, energy systems, marine, machine tools, and components — Yanmar’s global business operations span seven domains.
On land, at sea, and in the city, Yanmar’s Mission of “providing sustainable solutions focused on the challenges customers face, in food production and harnessing power, thereby enriching people’s lives for all our tomorrows,” stands testament to Yanmar’s determination to provide us with “A Sustainable Future”.
For more details, please check out the official website of Yanmar Co., Ltd. https://www.yanmar.com/global/
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. TotalEnergies SE has no liability for their acts or omissions. The terms “Company” or “TotalEnergies company” refer collectively to the company TotalEnergies SE and the companies it controls directly or indirectly. Such terms are used solely for the sake of convenience for purposes of the present communication. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. 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.