REG - Compagnie St-Gobain - Agreement

Compagnie de Saint Gobain SAAnnouncement

12/12/2023 07:15

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RNS Number : 4687W  Compagnie de Saint-Gobain  12 December 2023

 

 

 

Saint-Gobain and CVE sign a major renewable electricity supply agreement in
South Africa

 

Paris, December 12, 2023 - Saint-Gobain has signed a renewable electricity
supply agreement (Power Purchase Agreement or PPA) with CVE, an independent
French renewable energy producer, to secure about 140 GWh of solar electricity
in South Africa, over a 20-year period.

This PPA is expected to cover around 40% of the electrical needs of
Saint-Gobain's 4 major industrial sites in the country, producing gypsum and
mortars. The sites are located in Brakpan, Alrode and Germiston in the Gauteng
region, as well as in Parrow, Western Cape. This will offset Saint-Gobain
South Africa's CO(2) emissions from electricity (scope 2 emissions) by more
than 6,800 tons per year.

Commenting on this PPA, Othman Benjelloun-Touimi, CEO of Saint-Gobain in
Africa, said: "With this PPA, Saint-Gobain will further reduce its CO(2)
emissions. 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."

 

CVE South Africa focuses on decentralized energy projects, mainly
self-consumption projects for agricultural and industrial customers,
geographically located in the Western Cape (Cape Town), Gauteng (Johannesburg)
and industrial areas in the hinterland and on the east coast of South Africa.

"CVE has developed in-house expertise in forming CPPAs (Corporate Power
Purchase Agreements) and self-consumption projects. Our business is centred
around understanding the needs of our industrial, agricultural and municipal
customers. We are proud to support Saint-Gobain's renewable energy commitment
in South Africa" said René Laks, Country General Manager for CVE South
Africa.

 

 

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 Saint-Gobain, visit https://www.saint-gobain.com/en
(https://www.saint-gobain.com/en) and follow us on X @saintgobain
(https://twitter.com/saintgobain)

 

 

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About CVE

CVE is a multi-country, multi-energy independent French renewable energy
producer. The group develops, finances and builds solar power plants, biogas
and hydrogen units, and operates them itself over the long term. CVE's aim is
to create the energy models of tomorrow by producing local renewable energies
to meet the needs of suppliers, businesses and local authorities, using a
direct energy sales model. CVE is a B Corp company and certified ISO 9001 and
ISO 14001. The group employs 420 people and plans to multiply its installed
capacity by almost 4 by 2027.

CVE South Africa, the subsidiary of CVE with offices in Cape Town and
Johannesburg, offers all-in-one solutions, including engineering, financing,
constructing, operating photovoltaic systems and battery storage to provide
commercial off-takers local renewable energy.

More information: https://cvesouthafrica.com (https://cvesouthafrica.com)

 

Press Relations for CVE

Stéphanie Kanoui - stephanie@agencethedesk.com - 06 11 66 00 50

 

 

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