TotalEnergies and EDF signed a 12‑year Nuclear Production Allocation Contract (CAPN) on March 27 2026, with the agreement taking effect on January 1 2028. The contract will provide TotalEnergies with 400 MW of nuclear output, covering roughly 60 % of the electricity required by the company’s refining and chemicals sites in France.
The deal is a key element of TotalEnergies’ broader strategy to increase its electricity production and reduce the carbon intensity of its industrial operations. By locking in a long‑term, low‑carbon supply, the company can lower its dependence on fossil‑fuel‑based electricity, support its net‑zero commitments, and enhance the energy security of its downstream assets.
EDF will retain sole responsibility for operating its nuclear fleet, while the CAPN structure shares the production‑variability risk between the two parties. EDF’s 2023 low‑carbon generation totaled 515 TWh, with a carbon intensity of 26.5 gCO₂/kWh, underscoring the environmental benefit of the arrangement.
Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies, said, "I am delighted with this win‑win agreement, the result of constructive dialogue with EDF, which will enable our electricity‑intensive industrial sites in France to secure, over the long term, a significant share of their electricity supply with competitive low‑carbon power." Bernard Fontana, Chairman and Chief Executive Officer of EDF Group, added, "I welcome this agreement with TotalEnergies, in the service of energy and industrial sovereignty. By guaranteeing the refining and chemicals activities concerned access to competitive, sovereign and low‑carbon electricity, EDF provides them with the long‑term visibility they need to ensure their sustainability."
The contract aligns with a growing trend of industrial partners securing nuclear power to meet decarbonization targets and maintain competitiveness. It provides TotalEnergies with price stability decoupled from wholesale market volatility, while giving EDF a stable offtake that helps manage production risks. Together, the parties reinforce France’s low‑carbon energy mix and support the transition to a more resilient, sustainable industrial sector.
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