STMicroelectronics and TSE sign a 15-year power purchase agreement (PPA) to supply ST's French sites with solar energy

Renewable electricity: TSE to supply 780 GWh over 15 years to STMicroelectronics' French sites

TSE, a major player in solar energy and agrivoltaics in France, and STMicroelectronics (NYSE: STM), a global leader in semiconductors whose customers cover the entire range of electronic applications, have signed a Physical Power Purchase Agreement to supply renewable electricity from solar farms to STMicroelectronics sites in France.

TSE to supply STMicroelectronics with renewable electricity produced by three solar farms in France, operated by TSE, with a total capacity of approximately 43 MW. This 15-year contract, which will start in 2027, represents a total volume of around 780 GWh.

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A structuring partnership for the energy transition

Chouaib Rokbi, Executive Vice President DTIT and Global Procurement Organization at STMicroelectronics said :

This is our second power purchase agreement (PPA) in France, marking a new important step towards ST's goal of achieving carbon neutrality in its operational activities (scope 1 and 2 emissions, and part of scope 3) by 2027, in particular by sourcing 100% renewable energies by 2027, in particular by sourcing 100% renewable energies by 2027.

Power purchase agreements play a major role in our energy transition, and we have already signed several to support ST's operational activities in France, Italy, Malaysia and Morocco. Starting in 2027, this power purchase agreement with TSE will increase the contribution of renewable energies to ST's activities in France, which include R&D, design, sales and marketing as well as the manufacturing of integrated circuits in large volumes.

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Mathieu Debonnet, President and co-founder of TSE, explains :

France's energy resilience is based on action and ambition. This partnership with STMicroelectronics demonstrates our collective ability to reconcile industrial sovereignty and energy transition. To remain a strong and competitive nation, France must guarantee sovereign, abundant, carbon-free and competitive energy.

After the agreements signed with bioMérieux, Les Mousquetaires, Agrial and Albéa, this contract with STMicroelectronics confirms the confidence placed in our model, both in our ability to provide low-carbon energy and in supporting corporate CSR commitments. Our teams have all the tools and expertise needed to simplify each step of the process and ensure its perfect execution.

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To go further:‍

> Do you want to know more about Corporate Power Purchase Agreement (CPPA).

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