TotalEnergies has entered into a 10‑year agreement to supply 610 GWh of renewable electricity to Data4’s data‑center sites in Spain, with deliveries scheduled to begin on January 1 2026. The contract is structured as a Clean Firm Power arrangement, ensuring a stable, dispatchable supply that complements the variable output of wind and solar generation.
Data4, a leading European data‑center operator, plans to invest €2 billion in Spain by 2030 to expand its campus network. The new agreement provides the company with a predictable, low‑carbon power source to support its growing data‑center footprint and sustainability goals.
The deal adds to TotalEnergies’ renewable portfolio, which stood at over 32 GW of installed gross capacity at the end of October 2025. The company aims to reach 35 GW by the end of 2025 and 100 GW by 2030, positioning it as a major player in renewable generation. The 610 GWh commitment represents a significant addition to the integrated power segment, which targets a 12 % return on average capital employed (ROACE).
In Q3 2025, TotalEnergies reported adjusted earnings of $1.77 per share, slightly below the consensus estimate of $1.81, and revenue of $48.69 billion, both below expectations. The company noted margin compression driven by higher input costs and a shift toward lower‑margin renewable projects, but also highlighted a 7 % increase in cash flow compared with Q2 2025 and an 11 % rise in adjusted net income, reflecting disciplined cost management and strong renewable demand.
Management emphasized that while challenges remain in the LNG segment and regulatory uncertainties in Europe pose headwinds, the renewable power market—particularly for data‑center customers—continues to grow rapidly. The company’s CEO highlighted the importance of securing long‑term, low‑carbon contracts to support its transition strategy and to meet the energy needs of emerging technologies such as artificial intelligence.
TotalEnergies has secured similar long‑term renewable power agreements with major technology firms, including Amazon and Microsoft, underscoring its focus on capturing the expanding demand for clean energy from data‑center operators and other critical infrastructure customers.
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