TotalEnergies signs 10-year green power deal with papermaker SWM

By America Hernandez

PARIS, Jan 27 - Oil major TotalEnergies TTEF.PA has signed an agreement to supply paper manufacturer SWM with 800 gigawatt‑hours of renewable electricity over 10 years at three sites in France, it said on Tuesday.

The contract, which began this month, is part of TotalEnergies’ plan to expand its integrated power business, combining renewable and gas‑fired electricity to supply industrial customers around the clock.

"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.

Total has recently signed similar deals with Google, Saint-Gobain, Air Liquide, Amazon, Microsoft and Orange, with a goal to increase electricity production by approximately 20% annually, reaching 100 terawatt-hours by 2030.