French oil and gas company TotalEnergies has signed a corporate power purchase agreement (CPPA) with chemical company LyondellBasell to supply 275MW of alternating current (MWac) (358MW) of clean energy from its utility-scale Cottonwood Bayou and Brazoria solar farms in Texas, US.
Under the 15-year CPPA, TotalEnergies will supply 125MWac of green electricity to LyondellBasell from the Brazoria solar farm in south-west Houston.
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The Brazoria solar farm will come online by the end of 2025.
LyondellBasell will procure 150MWac from the Cottonwood Bayou plant under a 12-year CPPA signed in 2022.
With 455MW of capacity, Cottonwood Bayou is located south of Houston. Its commercial start-up is planned for the end of 2024.
LyondellBasell Net Zero Transition Strategy senior vice-president Chris Cain stated: “We are taking decisive steps to reduce our scope 1 and 2 greenhouse gas emissions, and power purchase agreements are a critical lever towards meeting our targets.
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By GlobalData“These agreements with TotalEnergies help us accelerate the development of clean energy and shift to use low-carbon energy at our sites.”
The two CPPAs follow others that TotalEnergies has signed with Amazon and Saint-Gobain in the US.
The clean energy supplied will support the companies’ decarbonisation goals.
TotalEnergies Renewables senior vice-president Vincent Stoquart stated: “TotalEnergies is proud to support LyondellBasell on its climate goals.
“The signing of these new upside-sharing CPPAs in the United States is consistent with our strategy to take merchant exposure and will contribute to the objective of profitable growth for our integrated power business.”
In early December 2023, TotalEnergies and its partners began the construction of a 216MW solar power plant with 500 megawatt-hours of battery storage facility in South Africa.
Located in the Northern Cape province, the power project will deliver dispatchable renewable electricity equivalent to more than 400 gigawatt-hours annually to the South African national grid for 20 years.
