TotalEnergies Signs 10-Year Data Center Power Deal in Spain

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TotalEnergies has signed a 10-year power purchase agreement with Data4 to supply renewable electricity to data centers in Spain, marking a move to boost its integrated power business.

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Market impact analysis based on bullish sentiment with 90% confidence.

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Bullish
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90%

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TotalEnergies on Tuesday announced a power purchase agreement with Data4 to supply renewable electricity to the data center developer’s sites in Spain for 10 years, as the French supermajor looks to boost its integrated power business with the key driver of global electricity demand. The power purchase agreement (PPA) will begin in January 2026 for 10 years and will represent a total volume of 610 gigawatt-hours (GWh). TotalEnergies will supply Data4’s facilities with renewable electricity generated by Spanish wind and solar farms…

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