By Maryana Ahmadova

Copyright trend

BAKU, Azerbaijan, September 29. TotalEnergies
aims to significantly expand its electricity business, increasing
production by about 20% per year to reach 100–120 TWh annually by
2030, Trend

Roughly 70% will come from renewables, with the remainder from
flexible gas generation.

The company is focusing on deregulated markets in the United
States, Europe, and Brazil, where it is rolling out its integrated
model. Management expects the Integrated Power division to generate
positive free cash flow by 2028 and achieve a 12% return on capital
employed by 2030.

TotalEnergies said diversification across the electricity value
chain strengthens resilience against oil and gas cycles and
supports long-term dividend growth.