TTE
New barrel, same old energy chessboard
TotalEnergies just sent out the first LNG cargo from the ECA LNG export terminal in Baja California, Mexico. That’s the kind of milestone that says, “The plant is no longer a slide deck.” The company owns 16.6% of the project and is set to offtake 1.7 million tonnes of LNG a year for 20 years once the facility fully flips on.
Less rooftop solar, more big-league renewables
In a separate move, TotalEnergies sold its distributed solar assets in Europe. Translation: it’s exiting the smaller, more fragmented solar business and steering toward utility-scale solar and wind projects where the economics can be fatter and the footprint can be bigger.
Why investors should care
This is classic TotalEnergies: keep the fossil-fuel cash machine humming while nudging the portfolio toward lower-carbon assets that can actually move the needle. The LNG shipment is a near-term operational win, and the solar sale is a reminder that not all renewables are created equal—sometimes companies prefer the jumbo version over the rooftop version.
Big picture: the energy transition is still a game of choosing which parts of the future you want to own, not just slapping a green sticker on everything.