The 15-year agreement, commencing in January 2025, covers a total volume of 1.5TWh. Credit: Vytautas Kielaitis/Shutterstock.

TotalEnergies has signed a 15-year physical power purchase agreement (PPA) to deliver 1.5 terawatt hours (TWh) of renewable electricity to STMicroelectronics‘ facilities in France.

Under the long-term contract, commencing in January 2025, TotalEnergies will supply renewable power generated by its two new wind and solar farms with a combined capacity of 75MW.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The energy provided will include guarantees of origin, certifying its renewable nature.

TotalEnergies will also offer structuring services to ensure that the intermittent production from these sources is converted into a consistent supply of green electricity.

TotalEnergies flexible power and integration senior vice-president Sophie Chevalier stated: “We are delighted to sign this agreement with STMicroelectronics, which demonstrates our ability to provide long-term and innovative clean firm power solutions tailored to our customers’ needs.”

“TotalEnergies aims to be a preferred partner to support tech industry players towards their decarbonisation efforts, and this agreement showcases our commitment and capabilities.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

STMicroelectronics is a semiconductor technology company serving the electronics sector.

STMicroelectronics executive vice-president and chief procurement officer Geoff West added: “This first PPA in France marks yet another important step towards ST’s goal of becoming carbon neutral in its operations […] by 2027, including the sourcing of 100% renewable energy by 2027.”

“PPAs will play a major role in our transition, and we have already signed several to support ST’s operations in Italy and Malaysia. Starting in 2025, this PPA with TotalEnergies will provide a significant level of renewable energy for ST’s operations in France, which includes research and development, design, sales and marketing and large-volume chip manufacturing.”