REG-TOTAL Spain: Total Signs a 45 MW Renewable Corporate Power Purchase Agreement with Merck1

TotalEnergies SEAnnouncement

20/05/2021 07:40

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Spain: Total Signs a 45 MW Renewable Corporate Power Purchase Agreement with
Merck(1)

 

Total (Paris:FP) (LSE:TTA) (NYSE:TOT):

Total and MSD, known as Merck & Co. signed a major renewable corporate
power purchase agreement (CPPA) over a period of 10 years, with 90 GWh a year
of clean energy produced by a 45 MW utility-scale solar power projects from
Total’s portfolio in Spain, Castilla La Mancha region.

As part of its ambition to get to net zero by 2050, together with society,
Total actively supports its customers and partners in their efforts to reduce
the carbon footprint of their activities through their energy transition.

With a strong expertise in the development, construction and operation of
renewable energy projects, Total was chosen as a trusted partner to contribute
to MSD’s ambition to source 100% of its purchased electricity with
renewables.

“This agreement with MSD contributes to securing the revenues of our solar
projects in Castilla La Mancha region in Spain and paves the way to launching
the construction of new sites,” said Julien Pouget, Senior Vice President
Renewables at Total. “Our global portfolio of renewables projects makes us
one of the key players to supply green electricity to corporate players
willing to decarbonize their electricity consumption and thus reduce their
carbon footprint in order to accelerate the transition toward a carbon neutral
world.”

“This contract is an important step for MSD toward meeting its commitment to
sustainability by bringing carbon-free energy to the Spanish grid and reducing
the environmental impact of our European operations. As a human and animal
health company, we see our renewable energy strategy as fully integrated with
MSD’s mission to save and improve lives”, said Susanna Webber, senior vice
president, Global Supplier Management Group and Chief Procurement Officer,
MSD.

Total, renewables and electricity

As part of its ambition to get to net zero by 2050, Total is building a
portfolio of activities in renewables and electricity that should account for
up to 40% of its sales by 2050. At the end of 2020, Total's gross power
generation capacity worldwide was around 12 GW, including 7 GW of renewable
energy. Total will continue to expand this business to reach 35 GW of gross
production capacity from renewable sources by 2025, and then 100 GW by 2030
with the objective of being among the world's top 5 in renewable energies.

About Total

Total is a broad energy company that produces and markets fuels, natural gas
and electricity. Our 100,000 employees are committed to better energy that is
more affordable, more reliable, cleaner and accessible to as many people as
possible. Active in more than 130 countries, our ambition is to become the
responsible energy major.

Cautionary note

This press release, from which no legal consequences may be drawn, is for
information purposes only. The entities in which TOTAL SE directly or
indirectly owns investments are separate legal entities. TOTAL SE has no
liability for their acts or omissions. In this document, the terms
“Total”, “Total Group” and Group are sometimes used for convenience.
Likewise, the words “we”, “us” and “our” may also be used to refer
to subsidiaries in general or to those who work for them. 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 TOTAL 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.


(1) Also known as MSD (Merck & Co. Inc of Kenilworth, New Jersey in the US
and Canada)

Total

Media Relations: +33 (0)1 47 44 46 99 l presse@total.com
(mailto:presse@total.com) l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com (mailto:ir@total.com)



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