Power purchase agreement

RNS Number : 5552H

Compagnie de Saint-Gobain

24 November 2022

 

 

 

SAINT-GOBAIN SIGNS A MAJOR RENEWABLE ELECTRICITY SUPPLY AGREEMENT IN SPAIN

Saint-Gobain has signed a Power Purchase Agreement (PPA) with the top energy supplier in Spain, Endesa.

This 11-year agreement will start in 2024 and will cover around 55% of Saint-Gobain's Spanish electricity needs. The electricity supplied by Endesa will be generated by its renewable portfolio: wind, solar and hydroelectric power.

This agreement will enable a reduction in CO2 emissions of roughly 39,000 tons per year.

This is the second renewable energy supply agreement signed by Saint-Gobain in Spain. Together, the two agreements will cover 65% of the Group's electricity needs in Spain. It is a major step in the Group's fight against climate change and towards its commitment to reach carbon neutrality in 2050.

Under this agreement, Endesa will supply Saint-Gobain 150 GWh of renewable energy annually, which corresponds to the supply of about 43,000 Spanish homes with renewable energy every year.

This announcement follows the recent signings by Saint-Gobain of two important renewable electricity supply agreements in Poland and North America, increasing the share of renewable electricity to more than 60% for the entire Group. It comes after the recent endorsement by the Science Based Targets initiative (SBTi) of the Group's greenhouse gas emission reduction targets as consistent with the organization's new Net-Zero Standard and the Paris Climate Agreement.

 

ABOUT SAINT-GOBAIN

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufacturesand distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonizationof construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group's commitment is guided by its purpose,"MAKING THE WORLD A BETTER HOME".

 

€44.2 billion in sales in 2021

166,000 employees, locations in 76 countries

Committed to achieving Carbon Neutrality by 2050

For more information about Saint-Gobain,visit www.saint-gobain.com and follow us on Twitter @saintgobain

 

 

 

 

 

 

 

 

 

 

 

 

 

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