TotalEnergies SE (TTE) just locked in what might be its most significant U.S. renewable energy play yet. The French energy company announced Monday that it signed two long-term power purchase agreements with Alphabet Inc.'s (GOOG) Google to supply a full gigawatt of solar capacity to data centers in Texas.
Over the next 15 years, these agreements will pump 28 terawatt-hours of renewable electricity into Google's Texas operations. To put that in perspective, this is the largest renewable power purchase agreement TotalEnergies has ever signed in the United States.
Two Solar Farms Coming to the Lone Star State
So where's all this clean energy coming from? TotalEnergies will generate the power from two solar farms currently under development in Texas: the Wichita and Mustang Creek facilities. Construction is scheduled to kick off in the second quarter of 2026, which means we're looking at a couple years before electrons start flowing.
Marc-Antoine Pignon, Vice President of Renewables U.S. for TotalEnergies, framed the deal as part of a broader strategy. "This highlights TotalEnergies' strategy to deliver tailored renewable energy solutions that support the decarbonization goals of digital players, particularly data centers," he said. "Through this PPA, TotalEnergies is also addressing the challenges of land availability and power supply for data centers by enabling large-scale colocation opportunities."
Part of a Bigger Google Energy Push
This deal doesn't exist in isolation. The agreements complement other contracts secured by Clearway, a renewables company that TotalEnergies owns 50% of. Clearway recently locked down 1.2 GW of power purchase agreements to support Google's data centers across multiple U.S. markets. Combined, we're talking about serious megawatts flowing to one of the world's most power-hungry tech companies.
TotalEnergies is building what it calls a "competitive portfolio" that blends solar, wind, and storage assets to deliver clean power. The company has set an ambitious target: reaching over 100 TWh of net electricity production by 2030, all while leveraging this diverse asset base to help customers decarbonize their operations.
What Texas Gets Out of the Deal
Beyond the clean energy angle, there's a local economic story here. The development of the Wichita and Mustang Creek solar farms will create several hundred construction jobs in Texas communities. That's not just paychecks—TotalEnergies notes the projects will also generate tax revenues that support local public services.
Will Conkling, Director of Clean Energy and Power at Google, emphasized the regional benefits: "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."
Stock Movement
TotalEnergies shares climbed 0.28% to $74.04 during premarket trading Monday, inching closer to the stock's 52-week high of $75.45.
