Total, Merck & Co. Sign 10-Year Power Purchase Deal
May 20 2021 - 3:05AM
Dow Jones News
By Olivia Bugault
Total SE said Thursday that it has signed a 10-year power
purchase agreement with U.S. pharma company Merck & Co.
The French oil-and-gas major said it will produce 90 gigawatt
hours of energy a year, coming from solar-power projects in Spain
with a capacity of 45 megawatts.
The company didn't disclose the financial details of the
deal.
"This agreement with MSD [Merck & Co] contributes to
securing the revenues of our solar projects in Castilla La Mancha
region in Spain and paves the way to launching the construction of
new sites," Total's senior vice president of renewables, Julien
Pouget, said.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
May 20, 2021 02:50 ET (06:50 GMT)
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