TotalEnergies to Supply 800 GWh of Renewable Electricity to SWM

By Global Infrastructure Sherpa · Jan 27, 2026

Ppa Renewable signed France

50 MW

Capacity

TotalEnergies will supply 800 GWh of renewable electricity to SWM, a paper manufacturer, over 10 years. The contract will begin in January 2026 and will represent a total volume of 800 GWh. TotalEnergies will supply this electricity from approximately 50 MW of its existing renewable generation assets in France.

Deal Analysis

TotalEnergies' agreement to supply 800 GWh of renewable electricity to SWM, a paper manufacturer, over a 10-year period represents a significant power purchase agreement (PPA) in the European renewable energy market. Commencing in January 2026, TotalEnergies will leverage approximately 50 MW of its existing renewable generation assets in France to fulfill the contract. This deal underscores the growing trend of corporations seeking to decarbonize their operations through long-term renewable energy procurement, and highlights TotalEnergies' role as a key player in facilitating this transition. The PPA is notable for several reasons. Firstly, it involves a major energy player, TotalEnergies, and a significant industrial consumer, SWM. Secondly, the 10-year duration provides long-term revenue visibility for TotalEnergies and price certainty for SWM. Finally, the deal contributes to France's renewable energy targets and supports the broader European push towards sustainable energy sources. The agreement demonstrates the viability of PPAs as a mechanism for connecting renewable energy developers with corporate offtakers, driving investment in renewable energy infrastructure.

TotalEnergies will supply 800 GWh of renewable electricity to SWM over 10 years.
The electricity will be sourced from approximately 50 MW of TotalEnergies' existing renewable assets in France.
The deal involves a major energy company (TotalEnergies) and a significant industrial consumer (SWM).
The PPA supports France's renewable energy targets and the broader European energy transition.

Market Context: The European renewable energy market is experiencing strong growth, driven by government policies, corporate sustainability initiatives, and declining costs of renewable technologies. PPAs are becoming increasingly common as a means for corporations to secure long-term renewable energy supply and hedge against volatile energy prices. France is a key market within Europe, with ambitious renewable energy targets and a supportive regulatory environment.