TotalEnergies Locks In Renewable Electricity Supply Deal With Saint-Gobain
Portfolio Pulse from Lekha Gupta
TotalEnergies SE has signed a Power Purchase Agreement with Saint-Gobain to supply 875 GWh of renewable electricity over five years starting in 2026. This deal is part of TotalEnergies' broader strategy to expand its renewable energy portfolio and support carbon reduction in French industry.
October 08, 2024 | 11:53 am
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POSITIVE IMPACT
Advisor Managed Portfolios Miller Value Partners Appreciation ETF offers exposure to TotalEnergies, which has signed a renewable electricity deal with Saint-Gobain, potentially boosting TTE's stock.
MVPA holds TotalEnergies, and the new PPA with Saint-Gobain could positively impact TTE's stock, benefiting MVPA investors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Octane All-Cap Value Energy ETF provides exposure to TotalEnergies, which has signed a renewable electricity deal with Saint-Gobain, potentially boosting TTE's stock.
OCTA holds TotalEnergies, and the new PPA with Saint-Gobain could positively impact TTE's stock, benefiting OCTA investors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
TotalEnergies has secured a significant renewable electricity supply deal with Saint-Gobain, enhancing its renewable energy portfolio and supporting carbon reduction in French industry.
The PPA with Saint-Gobain is a strategic move for TotalEnergies, aligning with its goal to expand renewable energy offerings. This deal could positively impact TTE's stock as it demonstrates growth in renewables, a key area for future energy production.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90