TotalEnergies acquires Ombrea and creates a pole of expertise dedicated to agrivoltaics
Paris, September 28, 2023 - TotalEnergies today finalizes the acquisition of Ombrea, a leader in agrivoltaics in France.
Founded in 2016 and with a dozen sites already built and some 50 crop varieties studied, Ombrea has created unique expertise and innovative solutions to optimize synergies between agricultural production and green electricity generation. By integrating Ombrea's teams and expertise into its renewable energies activities, TotalEnergies intends to accelerate its development in the field of agrivoltaics, both in France and internationally.
Under the Ombrea brand, TotalEnergies will offer the agricultural sector solutions for combining solar power and agricultural production, including solutions for protecting against the vagaries of the weather, maintaining or even improving yields, and adapting to climate change. This acquisition will also enable TotalEnergies to accelerate the development of its 1.5 GW portfolio of agrivoltaic projects, meeting the criteria of the March 2023 Renewable Energies Acceleration Act. TotalEnergies will welcome Ombrea's forty or so expert employees, as well as Christian Davico and Julie Davico-Pahin, its founders, who will be joined by TotalEnergies employees specialized in agrivoltaics at Ombrea's site in Aix-en-Provence, where the company's dedicated agrivoltaics division will be established.
" We are proud to welcome Ombrea, a French flagship in agrivoltaics, to the Compagnie. This operation will enable us to combine our expertise and know-how to accelerate the deployment of solutions that will enable the agricultural world to increase its income by producing energy, while sustaining its activities and reducing its carbon footprint ", said Vincent Stoquart, Senior Vice President, Renewable Energies at TotalEnergies.
" We are delighted that the Bouches-du-Rhône region and Aix-en-Provence have become TotalEnergies' global agrivoltaics center.
" We're delighted to be joining TotalEnergies, where Ombrea will be helping to bring the company's ambitious vision for the territories to scale. We are proud and impatient to see the deployment of our intelligent solutions accelerate in the service of high-performance, forward-looking agriculture ", say Ombrea founders Christian Davico and Julie Davico-Pahin.
Created in 2016, Ombrea develops innovative crop management and protection tools to mitigate the effects of climate change. Closely linked to all players and institutions in the sector, its agronomic solutions have demonstrated their effectiveness on the crops treated, while also providing expertise in green energy production. Ombrea currently has a team of around forty employees and has completed a second round of financing in 2021, for 10 million euros. It is part of the Green20 program, which lists startups that are developing breakthrough innovations in favor of the ecological transition, and which are set to become market leaders in the coming years.
TotalEnergies and renewable electricity
As part of its ambition to achieve carbon neutrality by 2050, TotalEnergies is developing a portfolio of activities in renewables and electricity. At the end of July 2023, its gross renewable electricity generation capacity was 19 GW. TotalEnergies intends to pursue the development of these activities in order to reach a gross renewable production and storage capacity of 35 GW in 2025, then 100 GW in 2030, with the aim of becoming one of the world's top 5 wind and solar power producers.
TotalEnergies is a global multi-energy production and supply company: oil and biofuels, natural gas and green gas, renewables and electricity. Its more than 100,000 employees are committed to making energy ever more affordable, cleaner, more reliable and accessible to as many people as possible. Present in nearly 130 countries, TotalEnergies places sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of populations.
The terms "TotalEnergies", "TotalEnergies company" and "Company" used in this document refer to TotalEnergies SE and the consolidated entities that TotalEnergies SE directly or indirectly controls. Similarly, the terms "we", "us" and "our" may also be used to refer to these entities or their employees. The entities in which TotalEnergies SE directly or indirectly holds an interest are separate and independent legal entities. This document may contain forward-looking statements. They may prove inaccurate in the future and depend on risk factors. Neither TotalEnergies SE nor any of its subsidiaries undertakes any obligation or responsibility to investors or any other party to update or revise any of the statements, forward-looking information, trends or objectives contained in this document, whether as a result of new information, future events or otherwise. Information concerning risk factors which could have a material adverse effect on TotalEnergies' financial results or business is also included in the most recent versions of the Document d'Enregistrement Universel filed by TotalEnergies SE with the Autorité des marchés financiers and Form 20-F filed with the United States Securities and Exchange Commission ("SEC")?
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