1. TotalEnergies and RGE are joint venturing in renewable energy in Indonesia. 2. The development focuses on solar and battery technology, indicating strategic growth.
The venture into renewable energy aligns with global trends, potentially enhancing TTE's future growth, similar to past ventures in renewables that boosted stock prices. This could attract investors focused on ESG criteria.
The announcement underscores TTE's commitment to renewable energy, a critical factor in the energy market's future dynamics.
Investment in these technologies may take time to yield returns, similar to previous renewable projects that grew over years.