TOTALENERGIES SE: United States: TotalEnergies Will Supply LyondellBasell Through Two Long-Term Solar CPPAs
2023年12月19日 - 4:38PM
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After a first renewable Corporate Power Purchase Agreement
(CPPA) signed at the end of 2022, TotalEnergies (Paris:TTE)
(LSE:TTE) (NYSE:TTE) has signed a second contract with
LyondellBasell, a global leader in the chemical industry, to supply
a combined 275 MWac (358 MW) of green electricity sourced from its
utility-scale Cottonwood Bayou and Brazoria Solar farms in
Texas:
-- Through the newly signed 15-year CPPA, LyondellBasell will offtake 125
MWac (163 MW) from TotalEnergies' Brazoria Solar farm, located southwest
of Houston, with a capacity of 325 MW and a commercial start-up planned
for end of 2025.
-- Through the 12-year CPPA signed in 2022, LyondellBasell will offtake
150 MWac (195 MW) from TotalEnergies' Cottonwood Bayou Solar plant, a
project located south of Houston, with a capacity of 455 MW and a
commercial start-up planned for end of 2024.
The two CPPAs are indexed on merchant prices through an
upside-sharing mechanism, under which the companies share any
potential upside arising from increased market price over the
contract term. They follow other CPPAs TotalEnergies signed with
Amazon and Saint-Gobain in the U.S., demonstrating its ability to
provide competitive renewable electricity to support these industry
leaders' decarbonization goals.
"TotalEnergies is proud to support LyondellBasell on its climate
goals. The signing of these new upside sharing CPPAs in the United
States is consistent with our strategy to take merchant exposure
and will contribute to the objective of profitable growth for our
Integrated Power business", said Vincent Stoquart, Senior Vice
President, Renewables at TotalEnergies.
"We are taking decisive steps to reduce our scope 1 and 2
greenhouse gas emissions and power purchase agreements are a
critical lever towards meeting our targets", said Chris Cain,
LyondellBasell Senior Vice President for Net Zero Transition
Strategy. "These agreements with TotalEnergies help us accelerate
the development of clean energy and shift to use low carbon energy
at our sites."
***
TotalEnergies and electricity in the U.S
TotalEnergies is one of the top renewable energy developers in
the United States, with a portfolio of large-scale solar, storage,
onsite B2B solar distributed generation, onshore and offshore wind
projects that are expected to generate up to 10 GW of renewable
power by 2025 and more than 25 GW by 2030. The Company also
recently added 1.5 GW of flexible power production capacity with
the acquisition of three gas-fired power plants in Texas.
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. At the end of 2023, TotalEnergies' gross renewable
electricity generation installed capacity was 22 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 multi-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 energy that is ever more affordable, cleaner, more
reliable and accessible to as many people as possible. Active in
nearly 130 countries, TotalEnergies puts sustainable development in
all its dimensions at the heart of its projects and operations to
contribute to the well-being of people.
TotalEnergies Contacts
Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
l @TotalEnergiesPR
Investors Relations: +33 (0)1 47 44 46 46 l
ir@totalenergies.com
@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. TotalEnergies SE has no
liability for the acts or omissions of these 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 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).
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CONTACT:
TotalEnergies
SOURCE: TotalEnergies SE
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