With Saint-Gobain, TotalEnergies has agreed to a new, 15-year renewable Power Purchase Agreement (PPA). This is the second long-term solar power supply agreement aimed at reducing the carbon footprint of the 125 industrial sites owned by the building materials company in North America.
As it did with Air Liquide, Amazon, Merck, Microsoft, Orange, and Sasol, TotalEnergies is once again demonstrating its dedication to providing businesses around the world with specialized renewable energy solutions by signing this PPA with Saint-Gobain.
“We are truly excited to reinforce our collaboration with Saint-Gobain with this new clean energy commitment and therefore contribute to their carbon neutrality roadmap,” said Vincent Stoquart, Senior Vice President, Renewables at TotalEnergies. “TotalEnergies’ growing solar power generation portfolio in the U.S. provides concrete solutions enabling our industrial customers to decarbonize their electricity consumption. The signing of upside-sharing CPPAs contributes to the objective of profitable growth for our Integrated Power business.”
TotalEnergies is developing a portfolio of initiatives in the electricity and renewable energy sectors as part of its goal to reach net zero by 2050. The installed gross renewable electricity generation capacity of TotalEnergies was 19 GW as of the end of July 2023. To become one of the top 5 producers of electricity from wind and solar energy globally, TotalEnergies will continue to grow this business to reach 35 GW of gross production capacity from renewable sources and storage by 2025, and then 100 GW by 2030. TotalEnergies will supply clean energy from its Danish Fields Solar farm in Texas, assisting Saint-Gobain in offsetting 90,000 metric tons of CO2 emissions from electricity in North America.