Vientos Los Hercules, Argentina, 97.2 MW

“Thanks to fruitful collaborations and a strict investment discipline, Total Eren today owns over3,300 MW of wind and solar farms in operation or under construction on the five continents.Achieving this significant milestone in the renewable energy sector was only possible thanksthe support of our unique shareholder group, the expertise of our excellent teams, and thequality of our best-in-class partners worldwide, as well as the long-term vision and financialcredibility which constitute the core of our strategy today”.

Pâris MouratoglouChairman of the Board

David CorchiaChief Executive Officer

ABOUT US

UNIQUE SHAREHOLDER GROUP

PARTNERSHIP BASED APPROACH

RECOGNISED TECHNICAL AND FINANCIAL EXPERTISE

SHORT-TERM AGILITY AND LONG-TERM VISION

A GLOBAL AMBITION

OUR TECHNOLOGIES

KEY-FIGURES

OVERVIEW

3

ABOUT US

Total Eren

Total Eren (previously EREN Renewable Energy or EREN RE) was created in 2012 by

Pâris Mouratoglou and David Corchia, both of them having a significant track

record in the renewable energy sector.

As an Independent Power Producer (IPP), Total Eren develops, finances, builds

and operates over the long-term renewable energy power plants globally. Total

Eren’s teams are multidisciplinary and display a perfect grasp of all stages of

development of a renewable energy project, be it solar, wind, or hydro.

Thanks to its unique track-record in developing new projects and new

geographies, Total Eren today owns over 3,300 MW* of renewable energy assets in

operation or under construction and has over 2,000 MW* of projects under

development spread over the five continents.

In April 2019, Total Eren acquired NovEnergia Holding Company (“NHC” or

“NovEnergia”), thereby diversifying its project portfolio and strengthening its

presence in southern Europe in particular.

*MW in gross capacity

Total Eren’s aim is to achieve a global gross installed

capacity of more than 5 GW by 2022.

Creation of EREN and its subsidiary, EREN RE, by Pâris Mouratoglou and David Corchia

195 M€ fundraising from Bpifrance, Next World Groupe, Tikehau Capital* and FFP

Total S.A. and EREN enter into a strategic alliance and Total acquires an indirect interest of 23% in EREN RE, renamed “Total Eren”, through a 237.5 M€ capital increase

2012

Total Eren acquires NovEnergia

2015 20192017

* Tikehau Capital has fully substituted Salvepar in November 2017

4

UNIQUE SHAREHOLDER GROUP

EREN Groupe: dedicated to an efficient use of

natural resources

EREN Groupe is the first group dedicated to improving the efficient use of natural

resources. Through its different subsidiaries and activities, EREN Groupe offers

comprehensive solutions to its clients and partners, allowing them to rationalize

their consumption of natural resources in a profitable way. EREN Groupe develops

and promotes reliable and competitive innovative technologies in the energy,

water and infrastructure monitoring sectors at the international level. EREN

Groupe is the main shareholder of Total Eren.

Total S.A: committed to better energy

Total S.A is a major energy player active in more than 130 countries. Total is

committed to better energy that is safer, more affordable, cleaner and

accessible to as many people as possible. The Group’s ambition is to integrate

climate challenges into its strategy and pursue steady growth in low-carbon

businesses, in particular renewable energy. In the context of the strategic

partnership signed with EREN, Total S.A holds today a 30% stake (directly and

indirectly) in Total Eren.

Financial investors: a long-term and supportive strategy

In October 2015, Total Eren completed a capital increase of €195 million from a

diversified consortium of investors including Bpifrance (12.3% stake in Total Eren in

2019), Next World Group (4.4% in 2019), Salvepar (now Tikehau Capital) and FFP

(7% combined in 2019) in order to support its growth ambitions in the renewable

energy sector.

Thanks to increased financial resources, a common long-term vision and a shared

objective of realizing economically viable projects, Total Eren strengthened its

ability to develop and invest in renewable energy projects over the world, while

maintaining its unique flexibility and agility.

5

PARTNERSHIP-BASED APPROACH

The development of power plants has a strong local component. In order tosuccessfully implement its strategy in each region where it is active, Total Eren joinsforces with front-ranking developers who understand the local environment and withmarket-leader contractors and equipment suppliers.

Via majority holdings or co-management agreements, Total Eren pays particularattention to ensuring the sustained success of its projects and the alignment of itspartners’ interests with its own objectives. Project developers benefit from Total Eren’ssector-based expertise and credibility, financing capacity and long-term vision alongwith well-balanced partnerships in which they have the means to demonstrate theirskills.

SHORT-TERM AGILITY AND LONG-TERM VISION

By developing, building and operating photovoltaic and wind power plants

worldwide, Total Eren combines the skills and agility of a project developer with the

long-term vision and the financial strength of a large global independent producer of

electricity from renewable energy sources.

RECOGNISED TECHNICAL AND FINANCIAL EXPERTISE

Total Eren’s development teams have a comprehensive knowledge of all projectdevelopment stages. They can assess the quality of a site, study the electrical grid’sstrengths and requirements, select the most suitable and most competitive equipmentand suppliers and negotiate optimum conditions for both the sale of the generatedelectricity and the financing of each project.

Such proficiency with regards to the development cycle allows Total Eren to preciselyassess and mitigate risks associated with each stage of a project, maximize its successrate and optimize its operating conditions.

Relying on strong partners and on the expertise of its teams, Total Eren favors

greenfield projects and long-term investment in high quality renewable

energy assets.

12 GWTotal Eren’s management team holds a solid track record of projects

developed, built, financed and commissioned all over the world

6

Total Eren owns more than 3,300 MW* of solar, wind and hydro energy in

operation or under construction supplying electricity to major utilities and large

private customers on the five continents

A GLOBAL AMBITION

Historically established on the European continent and in the Mediterranean

region, Total Eren has extended its portfolio over the years to other regions such

as Latin America, Africa, Central Asia and Asia Pacific.

Already active on the five continents in only eight years of existence, Total Eren

displays a strong global ambition and demonstrates an appetite for challenges.

By focusing on areas where energy needs are significant and wind and solar

resources are of high quality, Total Eren demonstrates its boldness, creativity and

flexibility to adapt its solutions across the globe and optimize the cost ofgenerated electricity.

Origination

In operation or under construction

DevelopmentTeams

*MW in gross capacity

Local partner/JV

7

Solar

MontJoly, French Guiana:

4,8 MW Solar +

4 MWh/2 MW Battery

Bap, India

120 MW Solar PV

Essakane Solar, Burkina Faso :

15 MW Solar + 57 MW HFO

Solar – HybridSolar – Battery

OUR TECHNOLOGIES

8

Wind

Pinhal Interior, Portugal

146 MW Wind

Grand-Rivière, Martinique:

14 MW Wind +

5 MWh/2,4 MW Battery

Wind - Battery

9

Winch Energy in Togo, Mauritania,

Benin: Containerized off-grid Units

solar + battery wifi

Minigrid

KEY-FIGURES

> 3,300 MWof power plants in operation or under construction worldwide

> 2,000 MW of projects under development

5 GW Global gross installed capacity

targeted in 2022

> 2,700 GWh generated in 2019

> 450 employeesin France and worldwide

100 Power Plants in operation or under construction

in 17 countries

> € 1 billion in equity capitalGiving Total Eren the financial strenght to achieve its goals.

Financial data as of the end of December 2019.

> € 320 million in revenues in 2019including NovEnergia’s revenues in 2019 (over 12 months)

MW in gross capacity

10

August 2020

Caldenes del Oeste, Argentina, 30 MWp

37 rue la Pérouse

75016 Paris

France

+33 (0)1 40 69 05 00

contact@total-eren.com

www.total-eren.com

Founded in 2012 by Pâris Mouratoglou and David Corchia, Total Eren develops,

finances, builds and operates renewable energy power plants (solar, wind,

hydro) representing a gross capacity of more than 3,300 MW in operation or

under construction worldwide. Through partnerships with local developers, Total

Eren is currently developing numerous energy projects in countries and regions

where renewable energy represents an economically viable response to

growing energy demand such as in Europe, Central Asia, Asia Pacific, Latin

America and Africa. On April 5th, 2019, Total Eren integrated NovEnergia into

the Group thus extending its presence notably into Southern Europe. The

objective is to achieve a global gross installed capacity of more than 5 GW by

2022. Since December 2017, Total S.A., the major energy company, has been

participating as a shareholder of Total Eren.

Total Eren

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