TotalEnergies (TTE) Stock: Signs 21-Year Power Deal With Google Malaysia

TLDR

• TotalEnergies signed a 21-year power purchase agreement to supply Google with 1 TWh of renewable energy in Malaysia
• The energy will come from the Citra Energies solar plant in Kedah province, northern Malaysia
• Construction of the solar farm is scheduled to begin in early 2026 with operations starting in Q1 2026
• The deal will power Google’s data center operations in Malaysia as energy demands increase
• This marks TotalEnergies’ second major Google partnership after a similar deal for Ohio data centers

TotalEnergies announced Tuesday it has secured a 21-year power purchase agreement with Google to supply renewable energy in Malaysia. The French energy company will provide 1 terawatt-hour of solar power from its upcoming Citra Energies facility.

TotalEnergies SE, TTE

The solar plant will be located in Kedah province in northern Malaysia. Construction is set to kick off in early 2026.

Under the terms of the agreement, TotalEnergies will supply electricity specifically for Google’s data center operations in the country. The contract becomes effective in the first quarter of 2026.

This partnership addresses the growing energy needs of Google’s expanding data center infrastructure. Tech companies have been scrambling to secure reliable power sources as artificial intelligence and cloud computing drive up electricity consumption.

Second Google Partnership For TotalEnergies

The Malaysia deal isn’t TotalEnergies’ first rodeo with Google. The energy giant previously signed a similar agreement to power Google data centers in Ohio.

That track record likely helped TotalEnergies land this second contract. Google clearly values the relationship enough to expand it internationally.

The Citra Energies solar plant represents a major infrastructure investment for TotalEnergies in Southeast Asia. At 1 TWh of total energy supply over the contract period, this ranks as one of the larger renewable energy deals in the region.

TotalEnergies has been working to expand its renewable energy portfolio beyond traditional oil and gas operations. Solar and wind projects now form a growing part of the company’s business strategy.

For Google, securing long-term renewable energy contracts helps meet corporate sustainability goals. The tech giant has committed to running its operations on carbon-free energy.

Construction Timeline And Operations

The Citra Energies facility doesn’t exist yet, which makes the construction timeline important for both companies. Early 2026 marks when shovels hit the ground.

The first quarter of 2026 is when electricity should start flowing to Google’s data centers. That’s a relatively quick turnaround from construction start to operational status.

TotalEnergies will need to complete permitting, site preparation, and installation of solar panels within that window. The company has experience building large-scale solar projects on tight timelines.

Malaysia’s northern Kedah province offers good conditions for solar energy generation. The region receives consistent sunlight throughout the year.

The 21-year contract duration provides revenue stability for TotalEnergies. Long-term power purchase agreements help justify the upfront capital costs of building renewable energy facilities.

Google’s data centers in Malaysia will benefit from a dedicated renewable energy source starting in Q1 2026. The contract ensures a steady power supply for more than two decades.

The Citra Energies solar plant will deliver its full 1 TWh volume to Google over the life of the agreement.

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