TotalEnergies has signed two clean firm power contracts to supply 3.3 terawatt-hours (TWh) to all major sites of aircraft manufacturer Airbus in Germany and the United Kingdom, the French supermajor said on Thursday as it continues to boost its integrated power portfolio with renewable electricity.
Unlike other European majors such as BP and Shell, which have outright reduced spending on renewables, TotalEnergies is betting big on its Integrated Power business and has a strategy to reach a 12% profitability target for the division.
As part of the deal with Airbus, TotalEnergies will supply electricity to the aircraft manufacturer for the next decade. The power will have a baseload profile and come from new renewable assets with a capacity of 200 megawatts (MW). TotalEnergies’ power supply will cover half of the electricity needs of all major Airbus sites in Germany and the United Kingdom, starting from 2027.
“Following last year’s announcement of our partnership in sustainable aviation fuel, we are pleased to sign these power purchase agreements with Airbus in Germany and the United Kingdom, two countries where TotalEnergies is growing quickly its production base and its sales,” said Stéphane Michel, President, Gas, Renewables & Power at TotalEnergies.
“These contracts, which rely on our integrated power portfolio combining both renewable and flexible assets, will contribute positively to the profitability of our electricity business”.
Over the past few months, TotalEnergies has signed a series of clean power supply contracts with major industrial companies and data center developers.
In November, the French major signed a 15-year Power Purchase Agreement (PPA) to supply Google data centers in Ohio with renewable electricity from a local TotalEnergies solar farm.
Earlier in November, TotalEnergies signed a power purchase agreement with Data4 to supply renewable electricity to the data center developer’s sites in Spain for 10 years, as the French supermajor looks to boost its integrated power business with the key driver of global electricity demand—data centers and AI infrastructure.
By Tsvetana Paraskova for Oilprice.com
More Top Reads From Oilprice.com
