TotalEnergies To Supply 800 Gigawatt-Hours Of Renewable Power To SWM Under New Agreement

French multinational energy company TotalEnergies has signed a 10-year agreement to supply paper manufacturer SWM with 800 gigawatt-hours of renewable electricity for its three sites in France.

The contract forms part of TotalEnergies’ strategy to expand its integrated power business, which combines renewable generation and gas-fired electricity to deliver reliable, round-the-clock supply to industrial customers.

“This agreement secures half of our French electricity needs from renewable sources for the next decade, a decisive step toward our commitment to significantly reduce Scope 1 and 2 emissions by 2033,” said Giuliano Scilio, Vice President and CIO at SWM.

TotalEnergies has recently signed similar long-term renewable power deals with Google, Saint-Gobain, Air Liquide, Amazon, Microsoft and Orange, as it targets annual electricity production growth of around 20% to reach 100 terawatt-hours by 2030.