(Oil Price)– TotalEnergies on Tuesday announced a power purchase agreement with Data4 to supply renewable electricity to the data center developer’s sites in Spain for 10 years, as the French supermajor looks to boost its integrated power business with the key driver of global electricity demand.
The power purchase agreement (PPA) will begin in January 2026 for 10 years and will represent a total volume of 610 gigawatt-hours (GWh).
TotalEnergies will supply Data4’s facilities with renewable electricity generated by Spanish wind and solar farms with a capacity equivalent to 30 MW, which are about to start production.
“Our ‘Clean Firm Power’ solutions are specifically designed to meet our clients’ requirements in terms of cost, consumption profile, and environmental commitment,” said Sophie Chevalier, Senior Vice President Flexible Power & Integration at TotalEnergies.
“These solutions are based on our integrated power portfolio, combining both renewable and flexible assets, and contribute to achieving our target of 12% profitability in the power sector”.
TotalEnergies has power purchase agreements with large industrial firms and hyperscalers such as STMicroelectronics, Saint-Gobain, Air Liquide, Amazon, LyondellBasell, Merck, Microsoft, Orange, and Sasol.
Unlike other European majors such as BP and Shell, which have outright reduced spending on renewables, TotalEnergies has a strategy to reach a 12% profitability target for its Integrated Power business.
In its 2025 Strategy & Outlook, TotalEnergies pledged to sustain profitable growth in the Integrated Power division by capturing value from growing global demand with the increase in AI, air conditioning, and electrification. The supermajor will pursue development in selected markets and aim for more than 150 TWh in 2035, from renewables and gas-to-power solutions.
The world’s electricity demand is expected to surge by 30% over the next decade as data centers, electric vehicles, and demand for heating and cooling drive increased consumption, a new report by Rystad Energy said last week.
By Tsvetana Paraskova for Oilprice.com
