TotalEnergies and EDF Conclude a 12-Year Nuclear Power Deal for 400 MW
TotalEnergies and EDF have signed a 12-year Nuclear Power Allocation Contract effective in 2028, covering approximately 60% of the electricity needs at TotalEnergies' French refining and chemical sites, estimated at 400 MW.
| Sectors | Nuclear Energy, Fission, Oil, Refining |
|---|---|
| Themes | Investments & Transactions, Contracts, Industry & Execution, Industrial Sovereignty |
| Countries | France |
TotalEnergies and EDF have formalized a Nuclear Power Allocation Contract (CAPN) with a term of 12 years, effective January 1, 2028. The agreement was signed by Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies, and Bernard Fontana, Chairman and Chief Executive Officer of EDF. TotalEnergies' refining and chemistry sites in France have electricity needs estimated at 400 megawatts (MW), which this 12-year nuclear power deal for 400 MW would cover at approximately 60%.
A nuclear power allocation mechanism
Under the CAPN, EDF will allocate to TotalEnergies a share of the output from its operating nuclear fleet. The arrangement establishes a sharing of risks and costs associated with the variability of nuclear generation between the two groups, with EDF retaining sole responsibility for operating its assets.
TotalEnergies would thereby benefit from the competitiveness of French nuclear electricity to power its high-consumption industrial sites. For EDF, the mechanism would allow the inherent uncertainties of nuclear production to be shared with a major industrial customer. The partnership reflects, according to statements by both chief executives, a rationale of securing long-term energy supply.
Group leaders welcome a "win-win" deal
Patrick Pouyanné described the agreement as "win-win," stating that it would allow the group's industrial sites — characterized as "major electricity consumers" — to secure "over the long term" a significant share of their supply with electricity that is "competitive and low-carbon." Bernard Fontana emphasized the deal's contribution to "energy and industrial sovereignty," adding that EDF would provide the refining and chemistry activities concerned with the "long-term visibility necessary for their sustainability."
A deal aligned with France's nuclear revival
The agreement comes amid renewed momentum for civil nuclear energy in France. Paris is confident about the speed of the European review of six nuclear reactors under consideration. EDF reported decarbonized production of 520 terawatt-hours (TWh) at 94% in 2024, with a carbon intensity of 30 grams of CO2 per kilowatt-hour, according to the group. The public utility serves approximately 41.5 million customers and posted revenue of €118.7 billion that year.
