REG-TotalEnergies SE Decarbonizing French Industry: TotalEnergies Signs a Renewable Electricity Supply Agreement with Saint-Gobain

TotalEnergies SEAnnouncement

08/10/2024 07:45

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Decarbonizing French Industry: TotalEnergies Signs a Renewable Electricity
Supply Agreement with Saint-Gobain

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed with Saint-Gobain a
Power Purchase Agreement (PPA), under which TotalEnergies will supply
renewable electricity to Saint-Gobain’s French facilities. It will take
effect from January 2026 for a total volume of 875 GWh over a period of five
years.

TotalEnergies will provide Saint-Gobain with a baseload supply of electricity
and guarantees of origin for that amount of power, produced by
TotalEnergies’ wind and solar plants in the northeast and south of France,
and the Loire Valley.

The contract for renewable electricity between the two companies adds to a
previous agreement, signed in June 2023
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftotalenergies.com%2Fmedia%2Fnews%2Fpress-releases%2Fdecarbonizing-industry-france-totalenergies-supply-certified-sustainable&esheet=54132948&newsitemid=20241008936932&lan=en-US&anchor=June+2023&index=1&md5=a578f6058e033e5d3690a99129537bc8)
, for the sale to Saint-Gobain of biomethane produced by TotalEnergies at its
BioBéarn site.

“We are delighted with this new contract with Saint-Gobain, a sign of our
shared commitment to take carbon out of French industry. It also demonstrates
our ability to offer electricity solutions that meet our client’s needs
while ensuring the origin of the green electricity provided”, said Sophie
Chevalier, Vice President, Flexible Power & Integration, TotalEnergies.
“In France, TotalEnergies has a renewable portfolio of over 2 GW, preventing
the emission into the atmosphere of 800,000 tons of CO(2) every year. That’s
a persuasive argument for our customers”, she added.

"Saint-Gobain is committed to achieving net-zero carbon emissions by 2050.
Realizing this ambition involves decarbonizing our production processes. This
contract signed with TotalEnergies allows the Group to take a further step
toward this goal with a reliable and continuous supply of renewable
electricity for our industrial sites. With this PPA, combined with others
signed by the Group in France, 30% of the electricity will be from renewable
sources in France by 2027", explained Swaroop Srinath, Energy Purchasing
Director for the Saint-Gobain Group.

Tailored solutions for the specific needs of our customers worldwide

The PPA with Saint-Gobain follows similar contracts signed with Air Liquide
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftotalenergies.com%2Fmedia%2Fnews%2Fpress-releases%2Fbelgium-totalenergies-signs-renewable-power-purchase-agreement-air&esheet=54132948&newsitemid=20241008936932&lan=en-US&anchor=Air+Liquide&index=2&md5=c7d4767f80c8fa8a5e6ef4a7cd39b03f)
, Amazon
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftotalenergies.com%2Fmedia%2Fnews%2Fpress-releases%2Ftotalenergies-and-amazon-announce-strategic-collaboration&esheet=54132948&newsitemid=20241008936932&lan=en-US&anchor=Amazon&index=3&md5=bbdf598facf6a4a45183b861109d3f54)
, LyondellBasell
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftotalenergies.com%2Fmedia%2Fnews%2Fpress-releases%2Funited-states-totalenergies-will-supply-lyondellbasell-through-two-long&esheet=54132948&newsitemid=20241008936932&lan=en-US&anchor=LyondellBasell&index=4&md5=c7c17a67e7a52f1d39f733cf86881e3f)
, Merck
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftotalenergies.com%2Fmedia%2Fnews%2Fpress-releases%2Fspain-total-signs-45-mw-renewable-corporate-power-purchase-agreement&esheet=54132948&newsitemid=20241008936932&lan=en-US&anchor=Merck&index=5&md5=c2d00ce5b286dd57141a822a8f31dddd)
, Microsoft
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftotalenergies.com%2Fmedia%2Fnews%2Fpress-releases%2Ftotal-and-microsoft-partner-drive-digital-innovation-and-net-zero-goals&esheet=54132948&newsitemid=20241008936932&lan=en-US&anchor=Microsoft&index=6&md5=2554ef127ad48a80110ae938eba38d56)
, Orange
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftotalenergies.com%2Fmedia%2Fnews%2Fpress-releases%2Forange-signs-a-major-green-power-purchase-agreement-with-Total&esheet=54132948&newsitemid=20241008936932&lan=en-US&anchor=Orange&index=7&md5=ac98d717bcff0a31dca7b1a5885b29b6)
and Sasol
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftotalenergies.com%2Fmedia%2Fnews%2Fpress-releases%2Fsouth-africa-totalenergies-signs-renewable-power-purchase-agreements&esheet=54132948&newsitemid=20241008936932&lan=en-US&anchor=Sasol&index=8&md5=c2c8cd1668d3bc6fb46face2b024b39a)
, and provides a further illustration of TotalEnergies’ ability to develop
innovative solutions by leveraging its diverse asset portfolio to support its
customers’ decarbonization efforts.

***

TotalEnergies and electricity

As part of its ambition to get to net zero by 2050, TotalEnergies is building
a world class cost-competitive portfolio combining renewables (solar, onshore
and offshore wind) and flexible assets (CCGT, storage) to deliver clean firm
power to its customers. By mid-2024, TotalEnergies’ gross renewable
electricity generation installed capacity reached 24 GW. TotalEnergies will
continue to expand this business to reach 35 GW in 2025 and more than 100 TWh
of net electricity production by 2030.

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets
energies: oil and biofuels, natural gas and green gases, renewables and
electricity. Our more than 100,000 employees are committed to provide as many
people as possible with energy that is more reliable, more affordable and more
sustainable. Active in about 120 countries, TotalEnergies places
sustainability at the heart of its strategy, its projects and its operations.

@TotalEnergies
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Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
This document may contain forward-looking information and statements that are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TotalEnergies SE
nor any of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in
this document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the most
recent Universal Registration Document, the French-language version of which
is filed by TotalEnergies SE with the French securities regulator Autorité
des Marchés Financiers (AMF), and in the Form 20-F filed with the United
States Securities and Exchange Commission (SEC).

TotalEnergies Contacts 

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
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Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)



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