Deals Counterparts

TotalEnergies Signs Renewable Power Agreement with Google

Ppa Solar signed Malaysia Dec 16, 2025
20 MW
Capacity
development
Stage
Citra Energies solar plant
Project

TotalEnergies and Google have signed a 21-year Power Purchase Agreement to supply Google with 1 TWh of certified renewable power from the Citra Energies solar plant in Malaysia. The solar farm will support Google's data center operations in Malaysia.

Deal Analysis

TotalEnergies and Google's 21-year Power Purchase Agreement (PPA) for 1 TWh of certified renewable power from the Citra Energies solar plant in Malaysia represents a significant investment in renewable energy infrastructure to support Google's expanding data center operations in the region. The 20 MW solar farm, developed in partnership with Malaysian property developer MK Land, underscores the growing trend of large technology companies directly procuring renewable energy to meet their sustainability goals. This deal demonstrates TotalEnergies' commitment to expanding its renewable energy portfolio in Asia Pacific and highlights the increasing attractiveness of Malaysia as a destination for renewable energy investment. The PPA's long-term nature (21 years) provides revenue certainty for the Citra Energies solar plant, facilitating its development. The involvement of Google, a major global technology player, lends credibility to the project and the Malaysian renewable energy market. MK Land's participation as a local partner with a 51% stake demonstrates the importance of local expertise and partnerships in navigating the Malaysian market. This deal is indicative of the broader trend of corporate PPAs driving renewable energy growth and supporting the decarbonization of energy-intensive industries.
  • 21-year Power Purchase Agreement (PPA) ensures long-term revenue for the project.
  • Google, a major global technology company, is the offtaker, providing credibility and stability.
  • TotalEnergies, a global multi-energy company, is the developer, demonstrating their commitment to renewable energy.
  • MK Land, a Malaysian property developer, is a local partner, highlighting the importance of local expertise.
Market Context: The renewable energy sector in Asia Pacific, particularly solar, is experiencing rapid growth driven by increasing energy demand, declining technology costs, and government policies promoting clean energy. Corporate PPAs are becoming a key driver of this growth, enabling companies to directly procure renewable energy and reduce their carbon footprint. Malaysia is emerging as an attractive destination for renewable energy investment due to its supportive regulatory environment and growing demand for clean energy.

Timeline

Announced
Dec 16, 2025
Signed
Dec 16, 2025
Closed

Market Context

This deal is part of the Solar sector in Malaysia.
473
Solar deals
7
deals in Malaysia
1 of 452 Solar deals tracked this month · Updated daily

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