Air Liquide Steps up Its Renewable Energy Sourcing by Signing in the Netherlands the Group’s Largest Long-Term Power Purchase Agreement
June 21 2022 - 2:45AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) has signed its biggest
long-term Power Purchase Agreement (PPA) to date with approximately
115 MW of new offshore wind electricity, purchased to Vattenfall in
the Netherlands. This PPA comes in addition to a previous agreement
announced with Vattenfall in March 2021, expanding the long-term
partnership between the two groups. It reaffirms Air Liquide's
commitment to lead the way in decarbonizing the European industry
while lowering its own carbon footprint, in line with its
Sustainable Development objectives.
Air Liquide has signed a 15 year contract starting in 2025 with
Vattenfall, one of Europe’s leading producers and retailers of
electricity. The renewable energy will be generated by the
Hollandse Kust Zuid (HKZ) subsidy-free, worldscale offshore wind
farm under construction by Vattenfall off the Dutch coast.
This agreement will enable Air Liquide to supply its current
industrial and medical gas production assets in the Netherlands and
more generally in Benelux with renewable energy. It will also feed
some of its large-scale decarbonization projects in the region and
accompany the acceleration of its customers’ demand growth for
low-carbon gases. This agreement will allow Air Liquide to cover
more than 30% of the Group's current electricity consumption in the
Benelux.
Over the contract duration, this will avoid the emission of up
to 3.5 million tonnes of CO2, which is comparable to the emissions
generated by over 150,000 Dutch households. This contract will
significantly 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.
Pascal Vinet, Senior Vice President and a member of Air
Liquide’s Executive Committee, supervising Europe Industries
activities, said: “ This long term power purchase agreement
represents a major step-up in Air Liquide’s renewable energy
sourcing as it is the largest renewable energy PPA we have signed
to date. Securing access to renewable energy is a key element of
Air Liquide’s decarbonization and Sustainable Development strategy.
It allows the Group not only to significantly reduce its carbon
footprint but also to meet the growing demand from its customers
for competitive low-carbon solutions. With this PPA, Air Liquide
also strongly confirms its commitment to actively support the
energy transition in Europe. "
About Air Liquide Benelux
Air Liquide in Benelux comprises subsidiaries active in the
production, distribution, and sale of industrial and medical gases,
technologies and services of the Air Liquide Group. Founded in
Belgium in 1906 and in the Netherlands in 1913, Air Liquide
currently operates 26 industrial sites throughout the Benelux. The
Group currently employs more than 1,200 people in this region, all
activities taken together, and it supplies more than 116,000
customers and patients. The Air Liquide Benelux Large Industries
business line operates a pipeline network stretching 2,345
kilometers, which supplies the industrial basins from Mons to
Rotterdam.
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 75 countries with
approximately 66,400 employees and serves more than 3.8 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.
Taking action today while preparing the future is at the heart
of Air Liquide’s strategy. With ADVANCE, its strategic plan for
2025, Air Liquide is targeting a global performance, combining
financial and extra-financial dimensions. Positioned on new
markets, the Group benefits from major assets such as its business
model combining resilience and strength, its ability to innovate
and its technological expertise. The Group develops solutions
contributing to climate and the energy transition—particularly with
hydrogen—and takes action to progress in areas of healthcare,
digital and high technologies.
Air Liquide’s revenue amounted to more than 23 billion euros in
2021. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX
50 and FTSE4Good indexes.
www.airliquide.com Follow us on Twitter
@airliquidegroup
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