Powering Energy Transition

Navigating the transition

With the "Solar Pack" offer, Societe Generale supports its corporate and institutional clients in the energy transition of the African continent.

Every country is striving to reach net zero carbon emissions in the coming decades. But not all of them face India’s additional challenges of trying to decarbonise a rapidly growing economy, while also extending electricity coverage to a still largely rural population of 1.4 billion.

H2 Green Steel, the first large-scale project in the green steel sector, recently announced completion of a financing package of more than EUR 6bn.

As Europe transitions to electric cars and, with the end of sales of new internal combustion engine cars in 2035, the need for electric batteries to support the transition is growing.

The challenges of decarbonizing African cities are numerous, considering the continent’s economic and demographic growth. The cement sector, a key sector for Africa’s development, is one of them.

The Manah 1 project, in line with the “Oman Vision 2040” will increase power generation capacity through renewable independent power projects.

A rapid shift to renewable energy is crucial if the UK is to meet its climate change goals. Wind power is key to achieving the UK’s renewable energy targets and could contribute towards reaching net zero by 2050.

Being one of the first of its kind in the Hauts de France region, the AESC gigafactory project will contribute to accelerate France’s energy transition and decarbonization efforts as well as reindustrialization, by scaling up the battery technology production needed for the accelerating pace of vehicle electrification.