Driving ST’s carbon neutrality goal by 2027, TotalEnergies and STMicroelectronics ink a 15-year deal to supply 1.5TWh of renewable energy from wind and solar farms in France.
TotalEnergies and semiconductor company STMicroelectronics have signed a 15-year power purchase agreement (PPA) to supply renewable energy to STMicroelectronics’ sites in France starting in January 2025. The agreement covers a total volume of 1.5TWh of electricity.
Under the PPA, TotalEnergies will supply green electricity generated from two new wind and solar farms with a combined capacity of 75MW. The contract includes the guarantee of origin for the energy, ensuring it is renewable, and provides structuring services to convert intermittent power production into a consistent, reliable supply.
According to the company, this is the first long-term contract of its kind in France.
Sophie Chevalier, Senior Vice President at TotalEnergies, expressed enthusiasm about the agreement, highlighting the company’s ability to deliver innovative, long-term clean power solutions.
“TotalEnergies aims to be a preferred partner to support tech industry players towards their decarbonisation efforts, and this agreement showcases our commitment and capabilities,” she noted.
Geoff West, Executive Vice President at STMicroelectronics, said that the PPA is a crucial part of their strategy to achieve carbon neutrality by 2027 from R&D to chip manufacturing.
He further stated, “PPAs will play a major role in our transition, and we have already signed several to support ST’s operations in Italy and Malaysia.”
