MOSCOW (MRC) -- TotalEnergies ENEOS Renewables announced the appointment of Gavin Adda as chairman of the new joint venture, as per Fuelsandlubes.
Based out of Singapore, Gavin Adda is also the CEO of TotalEnergies Renewables Distributed Generation (DG) Asia Pacific, a Board of Director at Maxeon Solar Technologies (NASDAQ:MAXN) and co-chairman of the Sustainability Committee at the European Chamber of Commerce, Singapore.
As the Joint Venture Chairman, Adda will be promoting the business to develop 2 gigawatts (GW) of onsite B2B solar projects across Asia over the next five years. Target markets include Japan, India, Thailand, Vietnam, Indonesia, Philippines, Cambodia, Singapore and Malaysia.
Prior to TotalEnergies, Adda founded several start-ups in the renewable sector. This includes one of the largest developers in India, now partly owned by Shell. More recently, he sold his start-up to create TotalEnergies Renewables DG for Asia. This appointment took effect on June 24, 2022.
In April 2022, French energy major TotalEnergies and Japan’s leading energy company ENEOS Corporation, announced a 50-50 joint venture to develop onsite business-to-business (B2B) solar distributed generation across Asia.
The partnership capitalizes on the strengths of both companies. TotalEnergies will leverage its expertise on this market segment and its global footprint and ENEOS will use its expertise in renewables and its strong brand mainly in Japan to lower the costs of decentralized solutions offered to industrial and commercial customers, making this joint venture one of the most competitive service providers in the region.
The partners are also conducting a feasibility study to assess the production of sustainable aviation fuel (SAF) at the ENEOS Negishi Refinery in Yokohama City, Japan.
We remind, TotalEnergies publicly shared its principles of conduct for its Russian related business. TotalEnergies reiterated its firmest condemnation of Russia's military aggression against Ukraine and stated that it would ensure strict compliance with current and future European sanctions, no matter what the consequences on the management of its assets in Russia.