A physical Power Purchase Agreement has been struck between TotalEnergies and STMicroelectronics to provide renewable electricity to STMicroelectronics locations in France. Beginning in January 2025, this 15-year contract has a total volume of 1.5 TWh.
STMicroelectronics France will receive sustainable energy from TotalEnergies, which includes the guarantee of origin, from two new 75 MW wind and solar farms.
In order to convert sporadic production into a steady amount of green electricity, or “baseload,” this power comes with structuration services.
This type of 15-year contract is being offered for the first time in France. One of the main reasons for the agreement’s success was the wind and solar projects’ beneficial effects on the local community and environment.
Key Takeaways
- Power comes from two new 75 MW wind and solar farms run by TotalEnergies.
- This is the first PPA in STMicroelectronics France, with a goal of procuring all of its energy from renewable sources by 2027.
Key Comments
“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.”
