TotalEnergies has entered into an agreement with Daehwa Pharmaceutical to supply 2.2 megawatts (MW) of solar energy, a move that will cut carbon emissions by 1,600 tons annually. The partnership includes the installation of a rooftop solar power system at Daehwa’s pharmaceutical plant in Osong.
Rooftop Solar Plant for Daehwa Pharmaceutical
The 2.2 MW solar power system will be installed on the roof of Daehwa’s Osong plant, lowering the company’s electricity costs and producing annual carbon emissions savings equivalent to planting 16,000 trees.
Under the agreement, TotalEnergies will design, install, and maintain the solar plant, while Daehwa will use the clean electricity it generates.
“We will continue to take the lead in eco-friendly management by using renewable energy, such as solar power, while striving to improve the health of the people through the development of new drugs,” said Yoon Chang-joon, CEO of Daehwa Pharmaceutical.
TotalEnergies Expands Solar Projects in Korea
TotalEnergies is actively expanding its solar power business in Korea, recently signing a 4.4 MW solar power supply contract with Daehan New Pharm. The company has also advanced innovative solutions globally, completing the world’s largest floating solar power plant, which generates 10 MW of electricity annually.
Built on a reservoir in the Netherlands, this project uses floating solar modules to maximize space and energy efficiency, producing enough power for approximately 4,000 households. Similar initiatives, including the Bahamas solar power agreement and the Suriname solar park launch, also represent significant steps towards sustainability.
TotalEnergies’ Global Renewable Energy Goals
As part of its ambition to become a global leader in renewable energy, TotalEnergies is targeting 100 GW of renewable capacity by 2030, with a strong focus on solar power. The company is expanding its solar and wind portfolios worldwide through major projects in India, the U.S., and Europe.
In the U.S., TotalEnergies has partnered with SunPower to develop large-scale solar projects and acquired a 50% stake in a 2.2 GW portfolio of solar and energy storage projects from SunChase Power and MAP Energy. The company is also investing in solar thermal technology in China.
These initiatives, from partnerships in Korea to large-scale investments elsewhere, underscore TotalEnergies’ commitment to advancing sustainability and innovation in the global energy sector.