Major Renewable Energy Contract Signed
TotalEnergies and SWM, a prominent player in the paper industry, have announced the signing of a 10-year contract for the supply of 800 GWh of renewable electricity. The agreement, which commences in January 2026, is set to provide a constant delivery profile of 'Clean Firm Power' to SWM's three manufacturing plants in France.
Strategic Partnership for Decarbonization
Under the terms of the contract, TotalEnergies will source the electricity from approximately 50 MW of its existing renewable generation assets located in France. This significant deal is projected to cover roughly half of SWM's electricity requirements in the country over the next decade.
Sophie Chevalier, Senior Vice President Flexible Power & Integration at TotalEnergies, commented on the collaboration, stating, 'We are delighted to support SWM in its decarbonization efforts and pursuit of competitiveness through our 'clean firm power' solutions. This contract illustrates TotalEnergies' ability to offer tailor-made solutions adapted to the specific needs of our industrial customers in France. These solutions are based on our integrated production portfolio combining both renewable and flexible assets.'
Impact on SWM's Operations and Sustainability Goals
The renewable electricity will be supplied to SWM's three French paper plants:
- Papeteries de Saint Girons
- PDM Industries (located in Quimperlé)
- LTR Industries (located near Le Mans)
Giuliano Scilio, Vice President & CIO at SWM, highlighted the strategic importance of the agreement for the paper manufacturer. 'This agreement secures half of our French electricity needs from renewable sources for the next decade, a decisive step toward our commitment to significantly reduce Scope 1 and 2 emissions by 2033. For an energy-intensive industry like ours, this isn't just an environmental milestone; it's a strategic investment that gives us cost predictability and strengthens our ability to offer customers genuinely sustainable solutions,' Scilio remarked.
TotalEnergies' Expanding Renewable Portfolio
This contract further solidifies TotalEnergies' position as a key provider of tailored power solutions for industrial clients. The company continues to expand its competitive portfolio, integrating renewables such as solar, onshore wind, and offshore wind with flexible assets to deliver stable and low-carbon electricity. TotalEnergies aims to achieve 35 GW of installed gross renewable electricity generation capacity by the end of 2025 and more than 100 TWh of net electricity production by 2030.
5 Comments
Mariposa
It's positive SWM is securing renewable energy, aiding emissions reduction. However, TotalEnergies' larger fossil fuel portfolio means this deal is a small piece of a much bigger, problematic puzzle.
Muchacha
This deal offers SWM excellent cost predictability and helps their sustainability targets, which is smart business. But the fact it only covers half their needs, and comes from a company still heavily invested in fossil fuels, shows the compromises involved.
Comandante
Love seeing major companies making real, tangible climate commitments. This is good.
Africa
Only 50 MW? That's barely a dent in their massive fossil fuel operations.
Bermudez
Still extracting oil while patting themselves on the back for this tiny deal.