TotalEnergies has signed a 10-year contract to supply 800 GWh of renewable electricity with a constant delivery profile to SWM, a major global paper and fiber-based materials producer. The agreement will cover roughly half of SWM’s electricity needs in France and begin in January 2026.
The power will be delivered to three SWM facilities – Papeteries de Saint Girons, PDM Industries, and LTR Industries – using around 50 MW of TotalEnergies’ existing renewable generation assets in France. The structure of the deal ensures a stable, competitive, and low-carbon electricity supply tailored to the operational needs of an energy-intensive manufacturing sector.
TotalEnergies describes the arrangement as part of its “clean firm power” offering, which combines renewable generation with flexible assets to deliver predictable electricity profiles, a key requirement for heavy industry.
The agreement highlights the growing role of long-term power purchase agreements (PPAs) in helping European industrial companies manage both energy costs and decarbonization targets. For sectors such as pulp and paper, where electricity demand is continuous and margins are sensitive to price volatility, firm renewable power is increasingly seen as a strategic hedge rather than a purely environmental choice.
For SWM, the deal underpins its plan to significantly reduce Scope 1 and 2 emissions by 2033 while improving cost predictability across its French operations. The company operates globally and supplies engineered fiber-based materials to a wide range of industries, from packaging and filtration to energy storage and next-generation tobacco alternatives.
For TotalEnergies, the contract adds to a growing portfolio of customized electricity supply agreements with major industrial and technology customers, including Google, Amazon, Microsoft, Air Liquide, Saint-Gobain, and STMicroelectronics. These deals reflect the company’s broader strategy of positioning electricity – particularly integrated renewable and flexible power – as a core growth area alongside its legacy oil and gas business.
As of late 2025, TotalEnergies reported more than 32 GW of installed gross renewable electricity capacity worldwide and is targeting over 100 TWh of net electricity production by 2030. The company has emphasized that combining renewables with storage and gas-fired flexibility is essential to providing industrial-grade power reliability at scale.
Regionally, the deal underscores France’s role as a key market for corporate renewable power agreements, supported by an expanding domestic renewables base and policy pressure on industrial emitters to decarbonize operations without undermining competitiveness.
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