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TotalEnergies Launches its Largest Solar Power Plant in Europe

It was recently reported that TotalEnergies SE (NYSE:TTE) has inaugurated its largest solar power plant in Europe. Let’s shed some light on the development.

An industrial oil and gas plant, with stacks of pipes issuing steam into the sky.

TotalEnergies SE (NYSE:TTE) revealed on May 22, 2025, that it has started up a cluster of five solar projects in Seville, Spain, with a total installed capacity of 263 MW, marking the French energy major’s largest solar power plant cluster in Europe. The solar field will generate 515 GWh of electricity annually, enough to power more than 150,000 Spanish households, marking a key step forward in Spain’s push toward 80% renewables by 2030. The company revealed that most of the electricity generated will be sold through long-term power purchase agreements (PPAs), while the remaining will be traded on the wholesale market.

The Seville project, declared of strategic interest by the Andalusian government, included the installation of 400,000 bifacial solar panels equipped with sun-tracking systems, generated 800 direct and indirect jobs, and provided a significant economic boost to the local economy.  Olivier Jouny, Senior Vice President Renewables at TotalEnergies SE (NYSE:TTE), stated:

“We warmly thank the Spanish authorities at both the regional and national levels for supporting this solar project that is contributing to Spain’s ambition of 80% of renewables in its mix by 2030. With our 1,700 employees in Spain, we are building a competitive Integrated Power portfolio that combines renewables and flexible gas-fired power plants to deliver clean firm power to our customers. We are proud to be the 4th largest provider of electricity, gas, and related services in Spain, where we have more than 2 million residential and professional customers.”

TotalEnergies SE (NYSE:TTE) remains focused on expanding its portfolio beyond oil and gas, boasting 28 GW of gross installed renewable capacity worldwide, with a goal of reaching 35 GW by the end of 2025 and more than 100 TWh of net electricity production by 2030.

While we acknowledge the potential of TTE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk.  If you are looking for an AI stock that is more promising than TTE and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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