Air Liquide to Reach 70% Renewable Energy Sourcing in Benelux With New Large PPA
October 24 2023 - 2:45AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) and Vattenfall, one of Europe’s
leading producers and retailers of electricity, signed a new Power
Purchase Agreement (PPA) for 115 MW of renewable installed power
capacity. This second PPA of such scale in Benelux, significantly
expands Air Liquide’s overall renewable power supply in the region.
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.
Contracted over a 15-year period beginning in 2026, the PPA will
bring overall renewable power capacity available to Air Liquide to
around 270 MW in Benelux. This capacity will provide energy
representing more than 70% of the Group's existing electricity
consumption in Benelux. The new renewable energy will be generated
by the Hollandse Kust Zuid (HKZ) subsidy-free, worldscale offshore
wind farm by Vattenfall off the Dutch coast.
This PPA will support Air Liquide’s decarbonization of its
industrial and medical activities in the region, and enable the
Group’s customers to reduce the carbon content of their end
products to foster a low-carbon economy in Europe. In all, the PPAs
signed in the region will enable Air Liquide to reduce emissions
related to power production of up to 8.5 million tonnes of CO2 over
the duration of the contracts, which is comparable to the emissions
generated by over 350,000 Dutch households.
Emilie Mouren-Renouard, Chief Executive Officer of the
Europe Industries Hub, said: “This new large-scale PPA with
Vattenfall marks an important milestone in securing renewable
energy to enable Air Liquide to provide low-carbon solutions to its
customers and support their decarbonisation efforts. In the context
of an unprecedented transformation of the energy sector in Europe,
Air Liquide is accelerating its commitment to take a leading role
in the energy transition by supporting the development of renewable
resources to foster a low-carbon economy in Europe, in line with
its Sustainable Development objectives”.
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 22 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 122,000 customers and patients.
-----------------
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 73 countries with
approximately 67,100 employees and serves more than 3.9 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 29.9 billion euros
in 2022. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20231023610399/en/
Corporate Communications media@airliquide.com
Investor Relations IRTeam@airliquide.com
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