TotalEnergies Signs Historic PPA Agreements with Google
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy TTE?
Source: Benzinga
- Renewable Energy Milestone: TotalEnergies' two long-term Power Purchase Agreements (PPAs) with Google will supply 1 GW of solar capacity to Texas data centers, providing 28 TWh of renewable electricity over 15 years, marking the largest renewable PPA signed by the company in the U.S.
- Project Development Timeline: The power will be generated from the Wichita and Mustang Creek solar farms, which are set to begin construction in Q2 2026, further advancing TotalEnergies' strategic positioning in the renewable energy sector.
- Economic Impact and Job Creation: The development of the Wichita and Mustang Creek solar farms is expected to create several hundred construction jobs in Texas, providing economic benefits and supporting public services through tax revenues, thereby boosting local economies.
- Strategic Alignment and Market Positioning: This PPA complements other agreements secured by Clearway, a company 50% owned by TotalEnergies, which recently locked in 1.2 GW of PPAs, showcasing the company's strategy to provide tailored renewable energy solutions that support the decarbonization goals of digital players like Google.
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Analyst Views on TTE
Wall Street analysts forecast TTE stock price to fall
16 Analyst Rating
8 Buy
8 Hold
0 Sell
Moderate Buy
Current: 76.120
Low
60.04
Averages
71.67
High
90.93
Current: 76.120
Low
60.04
Averages
71.67
High
90.93
About TTE
TotalEnergies SE is a France-based company. The Company is predominantly engaged in the business as a worldwide oil group. Its segment divisions are divided into refining and chemistry such as refining of petroleum products and manufacture of basic chemistry and of specialty chemistry, petroleum products distribution, electricity generation from combined cycle gas plants and renewable energies, gas production, trading, transport and distribution primarily includes liquefied natural gas, natural gas, biogas, hydrogen, liquefied petroleum gas and hydrocarbon operating and production. The group is also operating in trading and sea transport of crude oil and oil products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Low-Carbon Investment Strategy: TotalEnergies expects net investments of around $15 billion in 2026, with approximately $3 billion dedicated to low-carbon energies, indicating the company's focus on sustainable development and its aim to enhance competitiveness in the green energy market.
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