TotalEnergies has signed a second contract with LyondellBasel to supply a combined 275 MWac (358 MW) of green electricity sourced from its utility-scale Cottonwood Bayou and Brazoria Solar farms in Texas. Through the newly signed 15-year CPPA, LyondellBasell will offtake 163 MW from Brazoria Solar farm, located southwest of Houston, with a capacity of 325 MW and a commercial start-up planned for end of 2025.
Furthermore, through the 12-year CPPA signed in 2022, LyondellBasell will offtake 195 MW from Cottonwood Bayou Solar plant, a project located south of Houston, with a capacity of 455 MW and a commercial start-up planned for end of 2024. The two CPPAs are indexed on merchant prices through an upside-sharing mechanism, under which the companies share any potential upside arising from increased market price over the contract term.
In September 2023, TotalEnergies began the development of solar projects with a total capacity of 263MW in the city of Guillena, in the Andalusian region of Spain. Reportedly, TotalEnergies will construct a total of five solar plants, namely the 51 MW Postigo, the 52 MW Arbotante, the 52 MW Pilastra, the 53 MW La Noria and the 55 MW La Carrascosa.
