TotalEnergies Inks 10-Year Renewable Electricity Deal with SWM in France

TotalEnergies has signed a 10-year contract to supply 800 GWh of renewable electricity to SWM, a major global paper and fiber-based materials producer in France. The deal ensures a stable, competitive, and low-carbon electricity supply tailored to the operational needs of an energy-intensive manufacturing sector. This highlights the growing role of long-term power purchase agreements (PPAs) in helping European industrial companies manage energy costs and decarbonization targets.