September 2022 - Strategy and Outlook
Growing power market supported by energy transition
Te
TotalEnergies
Worldwide solar and wind capacity
GW
5,000
Low carbon power investment
B$
1,500
4,000
2
+3,500 GW
RoW
1,000
3,000
USA
2,000
1,000
0
2021
2025
2030
Europe
500
China
2015
+3%/y
Growth 2015-20
2020
x1.5-x2
Required annual
investment
Annual
investment
to 2030
→ Power: the fastest growing energy market globally
(+5.6% in 2021)
→ Europe and USA: ~40% of solar and wind capacity growth
→ Flexible power investments necessary to complement
renewables intermittency
→ ~700 B$ annual investment in renewable power and electric
networks at present
→ ~1,000-1,500 B$/y required from 2023 to achieve national
carbon neutrality pledges
Supportive macro
Source: TEO 2022, Momentum scenario
Source: IEA
September 2022 - Strategy and Outlook 9View entire presentation