TotalEnergies SE (FR:TTE) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
TotalEnergies, in partnership with Copenhagen Infrastructure Partners and A.P. Møller Capital, has signed a preliminary agreement to develop a green hydrogen project in Morocco. The ‘Chbika’ project aims to harness solar and wind energy to produce green hydrogen and ammonia for the European market, showcasing Morocco’s potential in renewable resources and contributing to its economic growth. This initiative aligns with TotalEnergies’ strategy to support competitive renewable energy production and Europe’s Green Deal goals.
For further insights into FR:TTE stock, check out TipRanks’ Stock Analysis page.