TotalEnergies has entered into a 15-year Power Purchase Agreement (PPA) with STMicroelectronics to supply renewable electricity to the company's sites in France. The contract, which began this month, represents an overall volume of 1.5TWh.
Under the agreement, TotalEnergies will provide STMicroelectronics with renewable energy generated by two of its recently developed wind and solar farms, which together have a combined capacity of 75MW. In addition to the power supply, the contract includes structuration services to ensure a consistent volume of green electricity, addressing the intermittent nature of renewable production.
This deal marks the first 15-year renewable PPA of its kind in France. TotalEnergies emphasized that the environmental and community benefits of the wind and solar projects played a significant role in the agreement's completion.
“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,” said Sophie Chevalier, Senior Vice President for Flexible Power and Integration at TotalEnergies. “TotalEnergies aims to be a preferred partner to support tech industry players towards their decarbonisation efforts, and this agreement showcases our commitment and capabilities.”
Geoff West, Chief Procurement Officer at STMicroelectronics, highlighted the strategic importance of the agreement for the company's sustainability goals. “PPAs will play a major role in our transition, and we have already signed several to support ST's operations in Italy and Malaysia,” West noted. “Starting in 2025, this PPA with TotalEnergies will provide a significant level of renewable energy for ST's operations in France, which includes R&D, design, sales and marketing, and large-volume chip manufacturing.”
This agreement marks a significant step in STMicroelectronics' efforts to source 100% of its energy from renewable sources by 2027.
