Air Liquide Signs a Long-Term Power Purchase Agreement for Renewable Electricity in Spain
July 27 2020 - 12:15PM
Dow Jones News
Regulatory News:
Air Liquide (Paris:AI) signs a long-term power purchase
agreement (PPA) to source renewable electricity equivalent to 15 %
of the Group's current consumption for its activities in Spain.
This contract is the first PPA for renewable energy in Europe and
illustrates Air Liquide's commitment to lower its carbon footprint,
in line with the Group's Climate Objectives to increase purchase of
renewable electricity by nearly 70 % by 2025 (in comparison with
2015).
Thanks to this long-term agreement over 10 years, Air Liquide
will be able to use renewable energy sources to supply some of its
industrial and medical gas production assets in Spain. The wind
farm that will supply Air Liquide with renewable electricity
equivalent to the annual electricity consumption of 15,000
households is under development in Andalusia and is scheduled to be
operational by 2021.
The wind-generated electricity will save 250,000 tons of CO(2)
emissions over the term of the agreement. This agreement will
expand Air Liquide's offer of low-carbon solutions at competitive
prices and give customers the ability to add more renewable content
in their end products.
In a context of unprecedented transformation of Europe's energy
system, Air Liquide is accelerating its commitment to take a
leading role in the energy transition by supporting the development
of renewable resources and a low-carbon economy in Europe.
François Jackow, Executive Vice President and a member of the
Air Liquide Group's Executive Committee, said: "Fighting climate
change is central to the mission of Air Liquide and we are
developing a wide range of solutions. With this long-term
commitment we are facilitating the development of renewable
infrastructure. This agreement demonstrates our ability to provide
our customers with solutions to contribute to CO(2) emissions
reduction and to lead the way in the energy transition in Europe
through concrete actions in line with our Group Climate
Objectives."
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 80 countries with
approximately 67,000 employees and serves more than 3.7 million
customers and patients. Oxygen, nitrogen and hydrogen are essential
small molecules for life, matter and energy. They embody Air
Liquide's scientific territory and have been at the core of the
company's activities since its creation in 1902.
Air Liquide's ambition is to be a leader in its industry,
deliver long term performance and contribute to sustainability. The
company's customer-centric transformation strategy aims at
profitable, regular and responsible growth over the long term. It
relies on operational excellence, selective investments, open
innovation and a network organization implemented by the Group
worldwide. Through the commitment and inventiveness of its people,
Air Liquide leverages energy and environment transition, changes in
healthcare and digitization, and delivers greater value to all its
stakeholders.
Air Liquide's revenue amounted to 22 billion euros in 2019 and
its solutions that protect life and the environment represented
more than 40% of sales. Air Liquide is listed on the Euronext Paris
stock exchange (compartment A) and belongs to the CAC 40, EURO
STOXX 50 and FTSE4Good indexes.
www.airliquide.com
Follow us on Twitter @airliquidegroup
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200727005519/en/
CONTACT: Corporate Communications
media@airliquide.com
Investor Relations
IRTeam@airliquide.com
SOURCE: Air Liquide
Copyright Business Wire 2020
(END) Dow Jones Newswires
July 27, 2020 12:00 ET (16:00 GMT)
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