TotalEnergies will supply renewable electricity to STMicroelectronics sites in France, after the two companies signed a Power Purchase Agreement (PPA).
The 15-year contract, which began this month, represents an overall volume of 1.5TWh.
TotalEnergies will provide STMicroelectronics with renewable power produced by two of its recently developed wind and solar farms, which have a capacity of 75MW.
This power comes with structuration services to transform intermittent production in a constant volume of green electricity.
It is the first time in France that such a 15-year contract has been provided.
TotalEnergies said the positive impact of the wind and solar projects on the environment and on the communities was a key 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 TotalEnergies’ senior vice president for flexible power and integration Sophie Chevalier.
“TotalEnergies aims to be a preferred partner to support tech industry players towards their decarbonisation efforts, and this agreement showcases our commitment and capabilities.”
Chief procurement officer at STMicroelectronics Geoff West said the PPA marked an important step towards ST’s goal of sourcing 100% of its energy from renewables by 2027.
“PPAs will play a major role in our transition, and we have already signed several to support ST’s operations in Italy and Malaysia,” West added.
“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.”