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TotalEnergies signs 50 GWh/year renewable PPA with Air Liquide in Belgium

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TotalEnergies signs 50 GWh/year renewable PPA with Air Liquide in Belgium

Destaques

15-year deal for 50 GWh/year renewable power

To avoid about 270,000 mt CO2 emissions

TotalEnergies targets 35 GW renewables by 2025

TotalEnergies, through its Belgian subsidiary Lampiris, has signed a corporate power purchase agreement with Air Liquide for the supply of 50 GWh/year of renewable electricity for 15 years, it said July 26.

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TotalEnergies will source the power from an offshore wind farm in the Belgian North Sea, it said in a statement.

Air Liquide will use the electricity to power industrial and medical gas production sites in Belgium, avoiding around 270,000 mt of CO2 emissions over the course of the contract, TotalEnergies said.

"A growing number of companies are shifting to renewable energy, and we want to support them on their path towards carbon neutrality," TotalEnergies senior vice president renewables Julien Pouget said. "There is a dynamic market for corporate PPAs in Europe, and we want TotalEnergies to take a strong leadership position."

Belgium has 1.78 GW of offshore wind capacity in operation. The two most recently commissioned projects in Belgian waters, the 219-MW Northwester 2 and 488-MW Seamade wind farms, that came onstream in 2020 both have 17-year contract for differences strike prices of Eur79.00/MWh ($93/MWh).

TotalEnergies signed several other corporate PPAs earlier in 2021 with Orange, Microsoft and Merck.

The company had 7 GW of renewable energy generation in operation at the end of 2020, of a total 12 GW power generation capacity. It aims to have 35 GW of renewable production capacity by 2025, rising to 100 GW by 2030.