Renewable Power: TotalEnergies Will Supply 1.5 TWh to STMicroelectronics in France Over 15 years
28 Janeiro 2025 - 12:03PM
Business Wire
- 1st PPA in France for STMicroelectronics aiming at 100%
renewable sourcing by 2027
- Power comes from 2 recent wind and solar farms of 75 MW
operated by TotalEnergies
Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and
STMicroelectronics (NYSE:STM), a global semiconductor leader
serving customers across the spectrum of electronics applications,
have signed a physical1 Power Purchase Agreement to supply
renewable electricity to STMicroelectronics sites in France. This
15-year contract, started in January 2025, represents an overall
volume of 1.5 TWh.
TotalEnergies will provide STMicroelectronics with the renewable
power (including the guarantee of origin) produced by two recent
wind and solar farms of 75 MW operated by TotalEnergies. This power
comes with structuration services to transform intermittent
production in a constant volume (“baseload”) of green electricity.
It's the first time in France that such a 15-year contract, is
provided. The positive impact of the wind and solar projects on the
environment and on the communities was a key success factor in the
signing of the deal.
"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
Flexible Power & Integration at TotalEnergies.
"TotalEnergies aims to be a preferred partner to support tech
industry players towards their decarbonization efforts, and this
agreement showcases our commitment and capabilities.”
“This first PPA in France marks yet another important step
towards ST’s goal of becoming carbon neutral in its operations
(Scope 1 and 2 emissions, and partially scope 3) by 2027, including
the sourcing of 100% renewable energy by 2027,” said Geoff West,
EVP and Chief Procurement Officer at STMicroelectronics. “PPAs
will play a major role in our transition, and we have already
signed several to support ST’s operations in Italy and Malaysia.
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.”
Tailored solutions for the specific needs of our customers
worldwide
The PPA with STMicroelectronics follows similar contracts signed
with Saint-Gobain, Air Liquide, Amazon, LyondellBasell, Merck,
Microsoft, Orange and Sasol, and provides a further illustration of
TotalEnergies’ ability to develop innovative solutions by
leveraging its diverse asset portfolio to support its customers’
decarbonization efforts.
***
About STMicroelectronics At ST, we are over 50,000
creators and makers of semiconductor technologies mastering the
semiconductor supply chain with state-of-the-art manufacturing
facilities. An integrated device manufacturer, we work with more
than 200,000 customers and thousands of partners to design and
build products, solutions, and ecosystems that address their
challenges and opportunities, and the need to support a more
sustainable world. Our technologies enable smarter mobility, more
efficient power and energy management, and the wide-scale
deployment of the Internet of Things and connectivity. We are
committed to achieving our goal to become carbon neutral on scope 1
and 2 and partially scope 3 by 2027. Further information can be
found at www.st.com.
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 the end of 2024, TotalEnergies’
gross renewable electricity generation installed capacity reached
over 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 TotalEnergies TotalEnergies
TotalEnergies
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).
1 In the case of a “physical” Power Purchase Agreement (PPA),
the renewable electricity and the associated guarantees of origin
are delivered to the customer, as opposed to the “virtual” PPA,
where only the guarantees of origin are delivered to the customer,
and the electricity produced is sold to the grid.
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STMicroelectronics Media relations: Alexis Breton –
Corporate External Communications +33 6 59 16 79 08
alexis.breton@st.com Investor Relations: Jérôme Ramel – EVP
Corporate Development & Integrated External Communication +41
22 929 59 20 jerome.ramel@st.com
TotalEnergies Media Relations: +33 (0)1 47 44 46 99 l
presse@totalenergies.com l @TotalEnergiesPR Investor Relations: +33
(0)1 47 44 46 46 l ir@totalenergies.com
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