Orange signs PPA with Total for 80 MW of solar in France

Orange's 20-year Corporate Power Purchase Agreement (CPPA) with TotalEnergies for 80 MW of solar power in France represents a significant commitment to renewable energy procurement. TotalEnergies, through its Total Quadran subsidiary, will develop a dozen new solar plants across France to supply Orange with 100 GWh of renewable electricity annually, starting in 2024. This agreement allows Orange to reduce its carbon footprint and secure a long-term, stable source of renewable energy, while enabling TotalEnergies to expand its renewable energy portfolio in a key European market. The deal underscores the growing trend of corporations directly procuring renewable energy to meet sustainability goals and manage energy costs. The CPPA is notable for its size (80 MW), the involvement of two major players (Orange and TotalEnergies), and its contribution to France's renewable energy targets. While the financial value of the agreement was not disclosed, the 20-year term provides long-term revenue visibility for TotalEnergies and price certainty for Orange. The project's development stage indicates that construction and commissioning will be required before electricity delivery commences in 2024. This deal is indicative of the increasing sophistication and scale of CPPA transactions in the European renewable energy market.