TotalEnergies

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.

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

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

• Commercial solar PV
• Solar power purchase agreements
• Distributed energy generation
• Rooftop solar systems
• Renewable energy services

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Technology or R&D, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. 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

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core 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

Named customers20 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• ENEOS CorporationcoreStrategic or Co-development Partner · 1 January 2022TotalEnergies 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

Broad 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

• YouTubeyoutube.com/channel/UC9kCbpjpbJonzsVe5ykmQMg?
• LinkedInlinkedin.com/company/totalenergies-eneos

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TotalEnergies