TotalEnergies To Power 100,000 UK Homes With New Solar & Battery Projects
TotalEnergies Acquisition: TotalEnergies SE has acquired eight solar projects (350 MW) and two battery storage projects (85 MW) from Low Carbon, which are set to be operational by 2028 and will generate over 350 GWh of renewable electricity annually, enough to power around 100,000 UK households.
Market Reaction: Following the announcement, TotalEnergies shares fell 0.5% to $60.17, while the company continues to expand its integrated electricity portfolio in the UK, which includes significant offshore wind and gas turbine capacities.
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Maintenance Activity Announcement: BASF will begin maintenance activities at its petrochemicals facility in Port Arthur on February 13 at 12 PM.
Impact on Operations: The maintenance is expected to result in increased activity and flaring, which may not be typical of normal operations.
Community Alert: A community alert has been issued to inform residents about the upcoming maintenance and its potential effects.
Safety Measures: The company is likely implementing safety measures to manage the maintenance process and minimize disruptions.
- Security Cooperation Priority: The EU has opted to prioritize security cooperation over democratic concerns in light of Russian aggression and energy insecurity, despite criticism regarding Turkey's democratic backsliding, aiming to strengthen security partnerships to address regional threats.
- Reduced Energy Dependence: Turkey's role as a key transit route for Caspian gas and oil can help the EU decrease its reliance on Russian energy, particularly following heightened vigilance against Russia after the Ukraine war.
- Drone Market Collaboration: The EU has proposed the creation of a 'drone wall' that would heavily rely on Turkey's rapidly expanding drone industry, with Baykar Technology exporting $1.8 billion worth of drones in 2024, 90% of which came from foreign sales, enhancing Europe's defense capabilities.
- Trade Expansion Initiative: The EU has announced a new investment study aimed at expanding trade with Turkey and surrounding regions, and although Turkey's EU membership negotiations remain stalled, both sides are committed to improving the functioning of the Customs Union to foster closer economic ties.
- Buyback Plan Adjustment: TotalEnergies announced a 50% reduction in its quarterly stock buyback to $750 million to manage debt levels and adapt to declining oil prices, reflecting a cautious approach to financial management.
- Dividend Remains Steady: Despite a 13% year-over-year decline in adjusted net income to $3.84 billion, TotalEnergies maintains its dividend at €0.85 per share and expects to announce an increase by the end of April, demonstrating a commitment to shareholder returns.
- Production and Earnings Growth: Q4 oil and gas production rose nearly 5% year-over-year to 2.545 million boe/day, with expectations to exceed 2.6 million boe/day in Q1, driven by new projects in Brazil and Iraq, indicating a positive outlook for upstream production.
- Savings Target Set: TotalEnergies aims for $12.5 billion in savings from 2026 to 2030, including $2.5 billion this year, highlighting the company's strategic focus on cost control and resource allocation to navigate future market uncertainties.
- Earnings Highlights: TotalEnergies reported adjusted earnings of $1.73 per share for Q4 2025, missing the $1.78 consensus estimate, although revenue reached $50.62 billion, exceeding expectations of $33.94 billion, indicating resilience in revenue growth despite challenges.
- Net Income Decline: The adjusted net income fell 15% year-over-year to $3.8 billion due to lower oil prices, reflecting pressure on profitability from market conditions, which could impact investor confidence moving forward.
- Commitment to Shareholders: The company declared a final interim dividend of €0.85 per share and repurchased $7.5 billion worth of shares over the year, demonstrating a strong commitment to shareholder returns aimed at enhancing market appeal for its stock.
- Future Outlook: TotalEnergies plans to achieve a 3% growth in oil and gas production in 2026 and expects a 7% increase in cash flow at $60/b oil price, while implementing a multi-year cash savings plan targeting $12.5 billion, showcasing a proactive approach to future growth.
- Earnings Performance: TotalEnergies reported a Q4 non-GAAP EPS of $1.48, demonstrating the company's stable profitability amid market fluctuations, which enhances investor confidence.
- Dividend Growth Plan: The company announced a dividend of €3.40 per share for 2025, reflecting a 5.6% increase from the previous year, which not only underscores its commitment to shareholder returns but may also attract more long-term investors.
- Low-Carbon Investment Strategy: TotalEnergies expects net investments of around $15 billion in 2026, with approximately $3 billion dedicated to low-carbon energies, indicating the company's focus on sustainable development and its aim to enhance competitiveness in the green energy market.
- Cash Savings Plan: The multi-year cash savings plan targets $12.5 billion in savings from 2026 to 2030, including $2.5 billion planned for 2026, showcasing TotalEnergies' commitment to optimizing costs and improving operational efficiency.









