REG - Compagnie St-Gobain - Agreement

Compagnie de Saint Gobain SAAnnouncement

20/09/2023 17:00

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RNS Number : 1190N  Compagnie de Saint-Gobain  20 September 2023

 

 

SAINT-GOBAIN SIGNS A NEW MAJOR RENEWABLE ELECTRICITY SUPPLY AGREEMENT IN NORTH AMERICA

 

Saint-Gobain has signed a 15-year renewable electricity supply agreement
(Power Purchase Agreement or PPA) with TotalEnergies for the purchase of solar
power for its 125 industrial sites in North America (United States and
Canada).

 

This 100 MW PPA, known as the Danish Fields Solar Project (Danish Fields), is
expected to offset Saint-Gobain's North American CO(2) emissions from
electricity (scope 2 emissions) by 90,000 Metric Tons per year. The project is
expected to come online by the end of 2024.

 

Commenting on this agreement, Mark Rayfield, CEO of Saint-Gobain North
America, said: "With this agreement, Saint-Gobain North America will further
reduce its CO(2) emissions, demonstrating how fast the manufacturing industry
can transform when long term solutions are at hand. This renewable energy
project is a new milestone on the way to meeting Saint-Gobain's commitment to
reduce scope 1 and 2 CO(2) emissions by 33% by 2030 - compared to 2017 - and
to reach carbon neutrality by 2050."

 

Danish Fields is the third PPA signed in North America by Saint-Gobain. The
first PPA
(https://www.saint-gobain.com/sites/saint-gobain.com/files/20210322_us_wind_mill_farm_va.pdf)
, with the Blooming Grove Wind Farm in Illinois, was signed in 2021, and the
second
(https://www.saint-gobain.com/sites/saint-gobain.com/files/media/document/2022_10_25_PPA_NorthAm_VA.pdf)
, with Cottonwood Bayou Solar Project in Texas, was signed in 2022. The three
projects combined are expected to represent a reduction of more than 70% in
Saint-Gobain North America's scope 2 emissions, compared to 2017 levels.

 

 

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".

€51.2 billion in sales in 2022

168,000 employees, locations in 75 countries

Committed to achieving Carbon Neutrality by 2050

For more information about the Group, visit www.saint-gobain.com and follow us
on X @saintgobain

 

 

 

 

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