Total Inks Deal to Use EDF’s Nuclear Power for French Refineries
Residential homes near an EDF nuclear power station near Montelimar, France.
Photographer: Jeremy Suyker/BloombergOil major TotalEnergies SE, which is diversifying into renewable and gas-fired electricity output, struck a 12-year deal to buy Electricite de France SA’s nuclear power to feed its French refineries and chemical sites.
The agreement will allow France’s Total to cover roughly 60% of the needs of its refineries and chemical sites — estimated at 400 megawatts — from January 2028, the state-owned utility said in a statement on Friday.