The loan will finance the strategic development of the company through the expansion of its range of products for 100% battery-powered, hydrogen hybrid and thermal hybrid vehicles

The funds will be allocated to the company’s Europe-based research projects, primarily in France but also in Germany, the Czech Republic and Ireland

Research will be carried out to understand the technical status of floating wind and hydrogen in the two countries and identify ways collaboration can be encouraged

Waste wood, paper, cardboard and plastic will be converted to renewable gas

The 20MW project is forecast to produce the equivalent of the annual electricity consumption of 12,500 households

The project through a 149-mile subsea power cable can provide enough energy to power one million homes

Total will also have a seat on the board of directors of the company

Three of the wind farms will be located in France and one in Poland and will have a total installed capacity of 76MW

Local and urban mobility authorities looking to electrify their bus fleets will be offered the financing

The 40MW electrolyser, which will be located at one of the Total’s biorefineries, is forecast to produce five tonnes of green hydrogen every day