TotalEnergies' New Spain Solar Field Capable Of Powering 150,000 Homes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 22 2025
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Source: Benzinga
TotalEnergies Solar Power Complex: TotalEnergies has opened its largest solar power complex in Europe near Seville, Spain, consisting of five solar farms with a capacity of 263 megawatts, expected to generate enough energy for over 150,000 homes and reduce carbon emissions by 245,000 tons annually.
Economic Impact and Future Plans: The project created around 800 jobs and involved 14 companies, primarily local. TotalEnergies aims to enhance its renewable energy portfolio in Spain while also selling a 50% stake in Polska Grupa Biogazowa for €190 million.
Analyst Views on EIPI
Wall Street analysts forecast EIPI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EIPI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
