United States: TotalEnergies to Provide 1 GW of Solar Capacity to Power Google’s Data Centers in Texas for 15 Years
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power purchase agreements (ppa)financial
A power purchase agreement (PPA) is a long-term contract in which a buyer agrees to purchase electricity from a specific generator at agreed prices and quantities over a set period. For investors, PPAs matter because they turn uncertain future energy sales into predictable cash flow—similar to a multi-year subscription—making projects easier to finance, valuing assets more reliably, and reducing exposure to volatile energy prices and demand swings.
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A PPA (Power Purchase Agreement) is a long-term contract in which a buyer agrees to purchase electricity from a specific generator at agreed prices and terms. Think of it like a multi-year subscription for power that locks in supply and cost, giving the seller steady revenue and the buyer predictable energy costs. Investors care because PPAs reduce revenue uncertainty, help projects get financed, and shift exposure to energy price or supply risks, affecting a company’s cash flow and valuation.
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The Electric Reliability Council of Texas (ERCOT) is the organization that operates and balances the bulk electric grid for most of Texas, acting like an air-traffic controller that matches electricity supply and demand across the state and runs the wholesale power market. Investors care because ERCOT’s decisions, grid reliability, and market prices directly affect the revenues, costs, and risk exposure of utilities, energy producers, large consumers, and companies whose operations depend on stable, affordable power.
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PJM is the large regional operator that coordinates the flow of electricity and runs the wholesale power markets across parts of the eastern and midwestern United States. Think of it as an air-traffic controller for electricity: it balances supply and demand in real time, schedules power plants and transmission, and sets market-clearing prices — all of which affect utility revenues, fuel costs, project economics and investor returns in energy and infrastructure sectors.
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spp is an abbreviation used in biology and medical writing to mean “multiple species” within a single genus (it follows a genus name to indicate more than one species). For investors, spp signals whether a treatment, diagnostic, or risk applies broadly across several related organisms or only to a single species; think of it like saying a paint works on several kinds of surfaces rather than just one, which affects potential market size, regulatory testing, and commercial risk.
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A CCGT, or combined-cycle gas turbine, is a type of power plant that generates electricity by burning natural gas in a turbine and then using the waste heat to run a secondary steam turbine—like a car that reuses exhaust heat to squeeze out extra mileage. Investors care because CCGTs are relatively efficient, flexible and lower‑emission than older plants, so their operating costs, fuel price sensitivity and permitting or carbon rules can materially affect power company revenues and asset values.
PARIS & HOUSTON--(BUSINESS WIRE)--
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed two new long-term Power Purchase Agreements (PPA) to deliver 1 GW of solar capacity – equivalent to 28 TWh of renewable electricity over 15 years – to supply Google’s data centers in Texas. The power will be generated from TotalEnergies-owned sites currently under development in Texas: Wichita (805 MWp) and Mustang Creek (195 MWp), with construction scheduled to begin in Q2 2026.
Bringing reliable new power capacity for AI – now
These PPAs totaling 1 GW complement separate gross PPAs of 1.2 GW recently secured by Clearway, a California-based renewables company 50% owned by TotalEnergies, to support Google’s data centers across the ERCOT (Texas), PJM (Northeast), and SPP (Central) markets.
The Wichita and Mustang Creek solar farms will generate significant benefits for local communities. Several hundred jobs will be created during construction, and substantial tax revenues will help fund public services throughout the lifetime of the projects.
“We are pleased to sign these agreements to supply renewable electricity to Google in Texas, representing the largest renewable PPA volume ever signed by TotalEnergies in the United States," said Marc-Antoine Pignon, Vice President Renewables U.S. for TotalEnergies. “This highlights TotalEnergies’ strategy to deliver tailored renewable energy solutions that support the decarbonization goals of digital players, particularly data centers. Through this PPA, TotalEnergies is also addressing the challenges of land availability and power supply for data centers by enabling large-scale colocation opportunities,” he added.
“Supporting a strong, stable, affordable grid is a top priority as we expand our infrastructure,” said Will Conkling, Director of Clean Energy and Power at Google. “Our agreement with TotalEnergies adds necessary new generation to the local system, boosting the amount of affordable and reliable power supply available to serve the entire region.”
TotalEnergies has a gross capacity portfolio of 10 GW of onshore solar, wind and battery storage assets in operation in the United States, including 400 MW in the PJM market in the Northeast of the country, and 5 GW in the ERCOT market in Texas.
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TotalEnergies’ tailored power solutions for its customers around the world
These power supply with Google, adds to those already signed by TotalEnergies with Airbus, SWM, Google, Data4, STMicroelectronics, Saint-Gobain, Air Liquide, Amazon, LyondellBasell, Merck, Microsoft, Orange and Sasol, and provides a further illustration of TotalEnergies’ ability to develop innovative solutions by leveraging its diverse asset portfolio to support its customers’ decarbonization efforts.
TotalEnergies and electricity
TotalEnergies is building a competitive portfolio that combines renewables (solar, onshore wind, offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. As of the end of October 2025, TotalEnergies had more than 32 GW of installed gross renewable electricity generation capacity and aims to reach more than 100 TWh of net electricity production by 2030.
About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.
Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
