France: TotalEnergies to Supply 800 GWh of Renewable Electricity to Paper Manufacturer SWM Over 10 Years

Core Insights - TotalEnergies has signed a contract to supply 800 GWh of renewable electricity to SWM, a major player in the paper industry, over a duration of 10 years starting from January 2026 [1][2] - The electricity will be sourced from approximately 50 MW of TotalEnergies' existing renewable generation assets in France, providing SWM with stable and low-carbon electricity [1][2] - This agreement will secure half of SWM's French electricity needs from renewable sources for the next decade, aiding in their commitment to reduce Scope 1 and 2 emissions by 2033 [1] Company Overview - TotalEnergies is a global integrated energy company involved in the production and marketing of various energy sources, including oil, natural gas, and renewables [1] - The company aims to reach 35 GW of installed gross renewable electricity generation capacity by the end of 2025 and over 100 TWh of net electricity production by 2030 [1] - SWM International specializes in premium, engineered, lightweight fiber-based solutions and is committed to transitioning to safer and more sustainable solutions [1] Strategic Implications - The contract with SWM illustrates TotalEnergies' capability to provide tailored solutions for industrial customers, enhancing their decarbonization efforts [1] - TotalEnergies has previously signed similar contracts with various companies, showcasing its ability to leverage a diverse asset portfolio for innovative energy solutions [1] - The partnership is seen as a strategic investment for SWM, providing cost predictability and supporting their sustainability goals [1]