TotalEnergies has signed a second contract with LyondellBasell to supply a combined 358 MW of green electricity sourced from its utility-scale Cottonwood Bayou and Brazoria Solar farms in Texas.
Through the newly signed 15-year Corporate Power Purchase Agreement (CPPA), LyondellBasell will offtake 163 MW from TotalEnergies’ Brazoria Solar farm, which has a capacity of 325 MW and a commercial start-up planned for end of 2025.
Through the previous renewable 12-year CPPA signed last year, LyondellBasell will offtake 195 MW from TotalEnergies’ Cottonwood Bayou Solar plant, which has a capacity of 455 MW and a commercial start-up planned for the end of next year.
“TotalEnergies is proud to support LyondellBasell on its climate goals,” says TotalEnergies’ Vincent Stoquart. “The signing of these new upside sharing CPPAs in the United States is consistent with our strategy to take merchant exposure and will contribute to the objective of profitable growth for our integrated power business.”
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. They follow other CPPAs TotalEnergies signed with Amazon and Saint-Gobain in the U.S.
“We are taking decisive steps to reduce our scope 1 and 2 greenhouse gas emissions and power purchase agreements are a critical lever towards meeting our targets”, says LyondellBasell’s Chris Cain. “These agreements with TotalEnergies help us accelerate the development of clean energy and shift to use low carbon energy at our sites.”
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TotalEnergies Signs with LyondellBasell to Supply 358 MW From Texas Farms
It depends on what you believe.
Fox News will tell you that our southern border is no longer being overrun, that we’ve discovered that vaccinations are unsafe, that we’re standing up against Sharia Law, we’re preventing Iran from building a nuclear weapon, prices are coming down (or soon will be), Trump is an honest and effective servant of the American people and that the U.S. is once again respected on the world stage.
We live in a country where tens of millions of idiots believe every word of this.
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I met a guy today from a rural part of Central England–“nothing but farms and pubs,” as he put it. His father was an epidemiologist working for the United Nations, and so, as a boy, he lived all over the world and grew up largely in developing countries that suffered from horrific diseases.
He and his wife had the conversation one would expect from such people:
- Why are we so content to ignore climate change that is ruining our planet?
- Why are people so indifferent to the suffering of others?
- How is it possible that billionaires expect to live well here on Earth while 99.9% of us suffering with wildfires, devastating storms, blistering heat, losses of landmasses, and desertification?
- At the end of the day, is money really that precious?
Obviously, not everyone thinks this way, but to be in something of a “lovefest” for just a few minutes was a great relief.
relief.
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