MOSCOW (MRC) -- TotalEnergies (formerly Total), 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, reported S&P Global with reference to the company's statement July 26.
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."
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.
As MRC informed before, earlier this month, Air Liquide, Borealis, Esso S.A.F., TotalEnergies and Yara International ASA signed a Memorandum of Understanding (MoU) to explore the development of a CO2 infrastructure including capture and storage, to help decarbonize the industrial basin located in the Normandy region, France.
Besides, in June 2021, TotalEnergies and Novatek signed a Memorandum of Understanding (MoU) to jointly work on sustainable reductions of the CO emission resulting from the production of liquefied natural gas (LNG) including with the use of renewable power, to develop large-scale carbon capture and storage solutions (CCS) and to explore new opportunities for developing decarbonized hydrogen and ammonia.
TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables, and electricity. Its 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.