TotalEnergies Renewables Australia (TERA) is marketing its 2.3 GW platform, according to two sources familiar.

Azure Capital has been mandated to run Project Canele, according to a one-page teaser seen by Infralogic.

The teaser does not describe what kind of opportunity it is offering investors, nor does it detail any timetable for a sale.

Total Energies has remained committed to renewables even as other fossil fuel companies, such as BP and Shell, pull back from clean energy.

Much of the 2.3 GW Australian platform remains in development.

The 30-person team have developed the 256 MW Kiamal solar farm in Victoria, which TERA owns 57.5% of and which is 77% contracted, according to the teaser.

Kiamal, which was commissioned in 2021 – is based in the so-called “Rhombus of Regret” – an area of northern Victoria where projects experienced severe connection problems. It had to install an expensive Siemens synchronous condenser to enhance grid stability at the solar farm.

TERA plans for 673 MWp of solar projects and 740 MW / 2.3 GWh of battery projects to be ready to build by the first quarter of next year, according to the teaser.

The 220 MW/ 880 MWh Kiamal battery is due for grid approval and a final investment decision before the end of this year. It should be operational in 2027.

The 416 MWp Middlebrook solar farm in New South Wales and the 320 MW/ 780 MWh Middlebrook battery are also scheduled to get grid approval in the fourth quarter of this year. TERA expects to make a final investment decision on those projects in the first quarter of next year and to commission them in 2028.

The 221 MWp Blackwater solar project and the co-located 200 MW/600 MWh battery are also due to get grid approval before the end of this year. TERA also plans to make a final investment decision on those projects early next year and to complete them in 2028.

Overall, the teaser says that TERA has secured sufficient land for 1.8 GW of projects and received planning permission for 1.6 GW of projects.

Forty per cent of TERA’s portfolio is Victoria based with 27% in Queensland and the remaining 33% in New South Wales.

Forty-seven per cent of the portfolio is comprised of solar projects, 44% are battery projects and the remaining 9% are wind projects, the teaser says.

Spokespeople and officials at TotalEnergies and Azure did not respond to requests for comment.