Compagnie de Saint-Gobain Power purchase agreement (5552H)
November 24 2022 - 12:08PM
UK Regulatory
TIDMCOD
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 CO(2) 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, manufactures
and 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
decarbonization
of 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".
EUR44.2 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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