Core Insights - TotalEnergies has signed a 10-year power purchase agreement with Data4 to supply renewable electricity to its data centers in Spain, starting in January 2026, with a total volume of 610 GWh [1][2] Group 1: Power Purchase Agreement Details - The renewable electricity supplied will be generated from Spanish wind and solar farms with a capacity of 30 MW, which are set to begin production soon [2] - The agreement is part of TotalEnergies' strategy to enhance its integrated power business amid rising global electricity demand [1][4] Group 2: Strategic Goals and Market Position - TotalEnergies aims for a 12% profitability target in its Integrated Power business, leveraging its integrated power portfolio that combines renewable and flexible assets [3][4] - The company plans to sustain profitable growth in the Integrated Power division by capitalizing on increasing global demand driven by trends such as AI, air conditioning, and electrification, targeting over 150 TWh by 2035 from renewables and gas-to-power solutions [5] Group 3: Industry Context - A report by Rystad Energy indicates that global electricity demand is expected to increase by 30% over the next decade, driven by data centers, electric vehicles, and heightened demand for heating and cooling [6]