REG - Compagnie St-Gobain - Agreement

Compagnie de Saint Gobain SAAnnouncement

08/10/2024 07:15

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RNS Number : 3348H  Compagnie de Saint-Gobain  08 October 2024

SAINT-GOBAIN signs a renewable electricity supply agreement in france

 

Saint-Gobain has signed a Power Purchase Agreement (PPA) with TotalEnergies to
supply renewable electricity to Saint-Gobain's French industrial facilities.
It will take effect from January 2026 for a total volume of 875 GWh over a
period of five years.

 

TotalEnergies will provide Saint-Gobain with a baseload supply of electricity
and guarantees of origin for that amount of power, produced by TotalEnergies'
wind and solar plants across France.

 

"Saint-Gobain is committed to achieving net-zero carbon emissions by 2050.
Realizing this ambition involves decarbonizing our production processes. This
contract signed with TotalEnergies allows the Group to take a further step
towards this goal with a reliable and continuous supply of renewable
electricity for our industrial sites. With this PPA, combined with the three
others signed by the Group in France since 2021, 30% of the electricity used
by Saint-Gobain in France will come from renewable sources by 2027", explained
Swaroop Srinath, Energy Purchasing Director, Saint-Gobain.

 

 

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".
 
€47.9 billion in sales in 2023
160,000 employees, locations in 76 countries

Committed to achieving net zero carbon emissions by 2050

For more information about Saint-Gobain, visit
www.saint-gobain.com (http://www.saint-gobain.com/)
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@saintgobain (https://twitter.com/saintgobain)

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