TotalEnergies expands its partnership with LyondellBasell, a leader in the chemical industry, through two long-term Renewable Power Purchase Agreements (RPPAs). These agreements, centered on the supply of green electricity from the Cottonwood Bayou and Brazoria solar farms in Texas, illustrate a significant step forward in the energy transition.
TotalEnergies signs a second CPPA contract with LyondellBasell. This partnership is marked by the supply of a combined capacity of 275 MWac (358 MW) of green electricity from the Cottonwood Bayou and Brazoria solar farms. These agreements demonstrate both companies’ commitment to cleaner, more sustainable energy.
Impact on Energy Strategy
The CPPAs, including a 15-year term for the Brazoria farm and a 12-year term for Cottonwood Bayou, mark an important step in LyondellBasell’s decarbonization strategy. They also illustrate TotalEnergies’ ability to supply competitive renewable electricity, supporting the decarbonization objectives of industry leaders.
These agreements are based on a profit-sharing mechanism in the event of a rise in market prices. This innovative approach underlines the companies’ commitment to profitable, integrated growth in their renewable energy business. It represents a model for other future agreements in the sector.
The alliance between TotalEnergies and LyondellBasell opens up new avenues for the supply of renewable energy. These agreements represent a giant step towards achieving climate objectives, and demonstrate the potential for strategic collaboration in the energy sector.
