TotalEnergies Signs Long-Term Power Purchase Agreements with Google
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 09 2026
0mins
Should l Buy TTE?
Source: seekingalpha
- Long-Term Power Purchase Agreements: TotalEnergies has signed two long-term power purchase agreements with Google to deliver 1 GW of solar capacity over 15 years, equating to 28 TWh of renewable electricity, significantly enhancing Google's sustainable energy supply for its data centers in Texas.
- Project Development Progress: The power will be generated from TotalEnergies' two projects under development in Texas: Wichita (805 MWp) and Mustang Creek (195 MWp), with construction set to begin in Q2 2026, further advancing the company's renewable energy footprint in the U.S.
- Asset Portfolio Scale: TotalEnergies boasts a gross capacity portfolio of 10 GW of onshore solar, wind, and battery storage assets in the U.S., including 400 MW in the PJM market and 5 GW in the ERCOT market in Texas, showcasing its robust position in the renewable energy sector.
- Strategic Market Implications: By partnering with Google, TotalEnergies not only solidifies its leadership in the renewable energy market but also lays the groundwork for future sustainability goals, likely attracting more corporate clients to its green energy solutions.
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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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- Commitment to Shareholders: The company declared a final interim dividend of €0.85 per share and repurchased $7.5 billion worth of shares over the year, demonstrating a strong commitment to shareholder returns aimed at enhancing market appeal for its stock.
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See More
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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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See More
