Merck & Co (MSD), an American pharmaceutical company plans to purchase power from 45 MW of Total SA’s solar projects in Spain. A power purchase agreement has been signed by the companies for a period of 10 years. 90 GWh of power will be supplied annually under the agreement. The power will be supplied from Total’s projects in the Spanish region of Castilla La Mancha.
MSD aims to source its electricity entirely from renewables by the year 2040. Meanwhile, it has an interim goal of meeting 50 per cent of its requirement by 2025.
By the end of 2020, Total had 7 GW of gross renewable power generation capacity globally, which is set to reach 35 GW by 2025. In September 2020, Total announced a partnership with the Spanish developer Ignis to develop 3.3 GW of solar projects located close to Madrid and Andalusia to expand its presence in the Spanish electricity market. While the first solar projects in this portfolio are scheduled to start in 2022, all the projects are expected to be operational by 2025.