TotalEnergies, STMicroelectronics ink 15 year renewable energy deal

TotalEnergies has signed on Tuesday a 15-year agreement with semiconductor company STMicroelectronics to supply 1.5 terawatt hours of renewable electricity annually for its operations in France.

The electricity, which began flowing this month, is sourced from recently commissioned wind and solar farms developed by TotalEnergies in France.

STMicroelectronics stated that the deal supports its goal to fully power its operations with renewable energy by 2027. This agreement follows similar renewable energy contracts the company has established in Italy and Malaysia.

For TotalEnergies, the partnership marks another step toward its ambition to produce 100 terawatt hours of net renewable electricity annually by 2030, reinforcing its commitment to expanding its integrated power business.

Attribution: Reuters

Subediting: Y.Yasser

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