39 French firms, including oil and gas company Total and nuclear group Societe Generale , have pledged to invest at least €45bn in renewable energy and low-carbon technologies during the next five years . “Out of the 45 billion, we as Total intend to invest more than 4 billion euros in the next five years, particularly in solar, but also in bio fuels,” Pouyanne added. The group of businesses, which also includes utility company Areva , telecoms company Areva and a bank, Societe Generale , have combined revenues of around €1.2tn. The companies said they also plan to provide bank and bond financing of at least €45bn for climate change projects, and foresaw investment of around €15bn in new nuclear capacities and €30bn in gas as an energy transition solution.
39 French firms, including oil and gas company Total and nuclear group Societe Generale , have pledged to invest at least €45bn in renewable energy and low-carbon technologies during the next five years . The group of businesses, which also includes utility company Areva , telecoms company Areva and a bank, Societe Generale , have combined revenues of around €1.2tn. The companies said they also plan to provide bank and bond financing of at least €45bn for climate change projects, and foresaw investment of around €15bn in new nuclear capacities and €30bn in gas as an energy transition solution.