TotalEnergies enters into a new long-term sales agreement in the United States

The French energy company will supply petrochemical company LyondellBasell with solar electricity from two photovoltaic plants located in Texas, which are scheduled to be commissioned in 2024 and 2025.

Following the first CPPA signed at the end of 2022, TotalEnergies has signed a second contract with petrochemical company LyondellBasell to supply it with a total of 275 MWac (358 MWp) of green electricity over fifteen years. The first part of the electricity (125 MWac, 163 MW) will come from its Brazoria solar plant (with a capacity of 325 MW), located southwest of Houston, which is scheduled to be operational by the end of 2025.

The second part (150 MWac, 195 MW), already closed under the CPPA signed in 2022, will be produced by the Cottonwood Bayou solar plant (with a capacity of 455 MW), located south of Houston, which is scheduled to be operational by the end of 2024. The two CPPAs are indexed to market prices through a “share-up” mechanism, whereby the companies share in any potential increase related to market price increases during the life of the contract.

For TotalEnergies, these agreements follow other CPPAs signed by TotalEnergies with Amazon and Saint-Gobain in the United States. The country has a portfolio of large-scale solar power plants, storage, local B2B decentralized solar generation and onshore and offshore wind projects expected to generate up to 10 GW of renewable electricity by 2025 and more. than 25 GW by 2030.

Meanwhile, LyondellBasell also signed a long-term power purchase agreement with American Industrial Sun to supply 50 MW of renewable electricity from Industrial Sun’s Industrial Bravo solar project in Matagorda County, Texas, at LyondellBasell’s Matagorda complex. This complex produces high-density polyethylene (HDPE) plastic resins used in the manufacture of various consumer products. The solar park is expected to be operational in the first half of 2026.

The sales agreements signed with TotalEnergies and Industrial Sun bring the total renewable electricity purchased by LyondellBasell to 1,366 MW, or 89% of its goal to purchase at least 50% of electricity from renewable sources.

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