TotalEnergies
TotalEnergies ENEOS is a 50/50 joint venture between TotalEnergies and ENEOS that finances, installs, and operates on-site rooftop, floating, and carport solar PV systems for commercial and industrial customers across nine Asia Pacific countries under long-term zero-capex Power Purchase Agreements.
- Company typePrivate
- Founded2022
- HeadquartersSingapore, Singapore
- Headcount—
- GTM typeB2B
- OfferingServices
What TotalEnergies does
TotalEnergies ENEOS Renewables Distributed Generation Asia is a 50/50 joint venture between TotalEnergies SE and ENEOS Corporation, established in 2022 and headquartered in Singapore. The company provides on-site solar photovoltaic solutions — primarily rooftop, with floating, carport, and battery energy storage variants — to commercial and industrial businesses across nine Asia Pacific markets: Singapore, Cambodia, India, Indonesia, Japan, Malaysia, the Philippines, Thailand, and Vietnam. Its core customer segments are large manufacturers and multinational corporations with RE100 and CBAM-driven decarbonization mandates, including Samsung Electronics, PT Gunung Raja Paksi, Asia Brewery Inc., PTT Global Chemical, Danone, Kimberly-Clark Softex, and Renault-Nissan-Mitsubishi.
The business operates on a zero-CAPEX Power Purchase Agreement model: TotalEnergies ENEOS fully finances, designs, installs, owns, operates, and maintains the solar system at the customer's facility, while the customer purchases electricity generated under tariffs set in 15-25 year contracts. Revenue therefore accrues as long-duration recurring electricity tariffs tied to actual system output. Operations are supported by sensor-equipped remote monitoring for radiation, wind speed, and ambient temperature, combined with 24-hour preventive maintenance. The company has a stated target to deploy 2 GW of decentralized solar capacity across Asia over five years, with flagship projects including the world's largest rooftop solar installation (43 MWp at PT Gunung Raja Paksi, Indonesia) and major deployments for Samsung (28 MWp, Vietnam) and PTT Global Chemical (6.7 MWp across five facilities, Thailand).
Go-to-market is exclusively direct enterprise field sales, organized by country with local teams, and supplemented by an industry-verticalized website covering 18 sectors, a solar savings calculator, whitepapers, webinars, and a customer referral program. The JV combines TotalEnergies' global balance sheet, engineering standards, and net-zero-by-2050 commitment with ENEOS's regional operating experience in Japan and other Asian renewable energy markets.
TotalEnergies firmographics
Firmographics- Name
- TotalEnergies
- Legal name
- TotalEnergies Marketing Asia-Pacific Middle East Pte. Ltd.
- Website
- https://solar.totalenergies.asia
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Short description
- TotalEnergies ENEOS is a 50/50 joint venture between TotalEnergies and ENEOS that finances, installs, and operates on-site rooftop, floating, and carport solar PV systems for commercial and industrial customers across nine Asia Pacific countries under long-term zero-capex Power Purchase Agreements.
- Ownership category
- akta.pro rank
TotalEnergies industry classification
Industry- Product category
- Commercial Solar Energy Services
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation (22111)
- SIC
- Electric Services (4911), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Corporate PPAs (C&I Offtake; Sleeved/Virtual/Physical) (EUAGADAA)
- akta.pro secondary industries
- C&I PPAs & Virtual PPAs (VPPA) Origination & Management (EUAGACAF), Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB), Hybrid PPAs (Renewables + Storage) & Firm Renewable Products (EUAGADAI)
Keywords
Where TotalEnergies is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices1 record
Markets served
TotalEnergies business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Technology or R&D, Infrastructure, Personnel, Marketing or Sales
Revenue model
- Power Purchase Agreement (PPA) / Managed Services: TotalEnergies ENEOS finances, designs, installs, operates, and maintains solar PV systems at customer facilities under long-term Power Purchase Agreements typically spanning 15-25 years. Customers pay only for the renewable electricity generated at an agreed tariff, with no upfront capital investment required. The company generates revenue through the electricity tariffs paid by customers over the contract duration, recovering its investment plus returns over the PPA term.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom PPA pricing based on customer-specific factors including electricity tariff, site characteristics, and contract duration |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels8 records
TotalEnergies product offering
Product offeringCore offering
TotalEnergies ENEOS finances, designs, installs, operates, and maintains onsite solar PV systems (rooftop, floating, and carport installations) for commercial and industrial businesses across nine Asia Pacific countries under long-term Power Purchase Agreements (PPAs) typically spanning 15–25 years. Customers pay only for the electricity generated at an agreed tariff, with no upfront capital investment required, while the company retains ownership of the system and provides remote monitoring and 24-hour preventive maintenance over the contract term.
Product overview
TotalEnergies ENEOS is a 50/50 joint venture between TotalEnergies and ENEOS Group, headquartered in Singapore, providing fully integrated B2B distributed solar energy solutions for commercial and industrial customers across Asia. The core offering centers on rooftop solar PV systems, with floating solar and solar carports as specialized variants. The company operates under a no-capex Power Purchase Agreement (PPA) model where it finances, designs, installs, operates, and maintains solar installations while customers pay only for electricity generated over 15-25 year contracts. Supplementary tools include a Savings Calculator for prospective clients and a Referral Program. The portfolio spans rooftop, floating, and carport solar PV systems, plus battery energy storage integration. Notable flagship projects include the world's largest rooftop solar installation (43 MWp for GRP Indonesia) and major deployments for Samsung Vietnam (28 MWp), Asia Brewery Philippines (13.8 MWp), and PTT Global Chemical Thailand (6.7 MWp). Operations span 9+ countries including Vietnam, Thailand, Indonesia, Philippines, Malaysia, India, Japan, Singapore, and Cambodia.
Differentiator
Problem solved
Functional benefit
Products and services
- Rooftop Solar PV Systems On-site solar photovoltaic installations mounted on commercial and industrial rooftops, including structural assessment, module installation, and grid connection for manufacturing facilities, warehouses, malls, and other commercial buildings across Asia Pacific. Sold to enterprise C&I customers under long-term PPAs.
- Floating Solar PV Systems Floating solar photovoltaic installations on water bodies such as reservoirs and ponds, expanding deployment options where rooftop or ground area is constrained. First deployed commercially by TotalEnergies ENEOS for S. Kijchai Enterprise in Thailand at 1.8 MWp.
- Solar Carport Systems Solar canopy structures installed over parking areas that generate electricity while providing shaded parking. Deployed for automotive and commercial customers with large parking footprints.
- Battery Energy Storage Systems (BESS) Energy storage solutions deployed alongside solar PV installations to enhance reliability, optimize energy usage, and provide backup power. Sold to enterprise customers to complement solar generation.
- Operations & Maintenance Services Long-term operational support including remote monitoring with sensors for radiation, wind speed, and ambient temperature, 24-hour preventive maintenance, and performance guarantee over the 15-25 year PPA contract period. Provided to all enterprise customers as part of the integrated solar solution.
Quantifiable outcome
- Customers typically offset 12-55% of facility electricity consumption with solar power depending on installation size and consumption patterns
- +3 more outcomes
Companies that use TotalEnergies
Customer profileNamed customers20 records
Segments3 records
Ideal customer profiles3 records
TotalEnergies technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
TotalEnergies partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- ENEOS CorporationcoreTotalEnergies ENEOS is a 50/50 joint venture between TotalEnergies and ENEOS Corporation established to develop onsite B2B solar distributed generation across Asia. Headquartered in Singapore, the JV aims to deploy 2 GW of decentralized solar capacity over five years. ENEOS brings extensive experience operating solar power plants in Japan and renewable energy projects globally, while TotalEnergies contributes its international engineering standards, financing capabilities, and global energy transition expertise.
Scale indicators4 records
Recent moves7 records
Expansion highlights5 records
TotalEnergies competitors and assessment
Company assessmentBroad incumbents
- ENEOS Corporation: Japanese energy major and JV parent; operates 20+ solar power plants in Japan and renewable projects across the US, Australia, Vietnam, and Taiwan. Adjacent competitor in C&I and utility solar across APAC.
- ENGIE SA: Global energy major and parent of Cleantech Solar, with broad renewable energy development and C&I energy services across Asia Pacific. Competes with TotalEnergies ENEOS in the same C&I decarbonization opportunity, though as part of a much wider portfolio.
- TotalEnergies SE: Parent of the JV; operates a global renewable energy portfolio including solar development, with a stated target of 100+ TWh renewable generation by 2030. Its distributed generation business in Asia is largely run through this JV.
- EDP Renewables APAC: EDPR's Asia Pacific platform (incorporating Sunseap) provides C&I solar, utility-scale solar, and energy services across SEA, competing broadly with TotalEnergies ENEOS in the same region and customer segment.
Direct peers
- Cleantech Solar: Cleantech Solar, now part of ENGIE, finances, owns, and operates onsite solar PV for C&I customers across Southeast Asia under long-term PPAs — the most direct competitive peer to TotalEnergies ENEOS in the regional zero-capex C&I solar market.
- Solarvest Holdings: Solarvest is a leading Malaysian solar PV specialist delivering C&I rooftop solar PPAs and engineering services across Southeast Asia, competing head-to-head with TotalEnergies ENEOS in Malaysia and the broader region.
- Lightsource bp: Global developer and operator of solar projects including C&I onsite and utility-scale, with Asia operations. Comparable business model of financing, building, owning, and operating solar assets under long-term offtake agreements.
- EDP Renewables (Sunseap): EDP Renewables acquired Sunseap, one of Singapore's largest solar developers serving C&I and residential customers across Southeast Asia, making it a direct competitor in the regional C&I distributed solar market.
Emerging players
- Enfinity Global: Independent renewable energy developer with growing Asia presence focused on C&I and utility-scale solar PPAs. Comparable business model and customer base, though smaller and earlier-stage than TotalEnergies ENEOS.
- Hitachi Energy / Hitachi Industrial Solutions: Through broader energy transition activities, Hitachi provides solar and storage solutions in Japan and broader APAC, with comparable enterprise customer base and long-term energy service contracts in select markets.
Market position
Strengths4 records
Weaknesses1 record
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
TotalEnergies social profiles
Digital presenceTotalEnergies financial estimates
Financial estimateRevenue estimate
Valuation estimate
TotalEnergies leadership team
Management profileNumber of profiles
Profiles4 records
TotalEnergies funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TotalEnergies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TotalEnergies
What does TotalEnergies do?
TotalEnergies ENEOS finances, designs, installs, operates, and maintains onsite solar PV systems (rooftop, floating, and carport installations) for commercial and industrial businesses across nine Asia Pacific countries under long-term Power Purchase Agreements (PPAs) typically spanning 15–25 years. Customers pay only for the electricity generated at an agreed tariff, with no upfront capital investment required, while the company retains ownership of the system and provides remote monitoring and 24-hour preventive maintenance over the contract term.
Is TotalEnergies a public or private company?
TotalEnergies is a private company. It is classified as corporate owned and is currently operating.
When was TotalEnergies founded?
TotalEnergies was founded in 2022.
Where is TotalEnergies based?
TotalEnergies is headquartered in Singapore, Singapore, in the Asia region.
How does TotalEnergies make money?
One revenue line is on record: power Purchase Agreement (PPA) / Managed Services.
Who are TotalEnergies's main competitors?
Broad incumbents on record are ENEOS Corporation, ENGIE SA, TotalEnergies SE and EDP Renewables APAC. Direct peers are Cleantech Solar, Solarvest Holdings, Lightsource bp and EDP Renewables (Sunseap). Emerging players are Enfinity Global and Hitachi Energy / Hitachi Industrial Solutions.
Does TotalEnergies have an API?
No public API is recorded for TotalEnergies.
What industry is TotalEnergies in?
TotalEnergies's product category is Commercial Solar Energy Services. Its primary akta.pro industry code is EUAGADAA, Corporate PPAs (C&I Offtake; Sleeved/Virtual/Physical), with a secondary code of EUAGACAF, C&I PPAs & Virtual PPAs (VPPA) Origination & Management. Its NAICS code is 221114 and its SIC code is 4911.