REG - Compagnie St-Gobain - Agreement

Compagnie de Saint Gobain SAAnnouncement

07/11/2024 07:15

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RNS Number : 3383L  Compagnie de Saint-Gobain  07 November 2024

 

Press release

 

Saint-Gobain and Boralex sign a long-term renewable electricity purchase
agreement in France

 

Paris (France), November 7, 2024 - Boralex Inc. ("Boralex") (TSX: BLX) and
Saint-Gobain (EPA: SGO) have announced the signing of a 20-year renewable
electricity purchase agreement ("Power Purchase Agreement" or PPA) in France,
involving three power plants developed, built, and operated by Boralex.

The combination of wind and solar technologies will provide Saint-Gobain's
industrial operations in France with a renewable electricity supply, offering
greater stability through the complementarity of these two energy sources.

Thanks to this PPA, two solar power plants and one wind farm will come online
between the first quarter of 2026 and the first quarter of 2027. These three
parks will produce approximately 110 GWh per year, which is equivalent to the
annual electricity consumption of more than 50,000 1  (#_ftn1) inhabitants and
are expected to cover 10% of Saint-Gobain's electricity needs in France.

Claire Pedini, Senior Vice-President, Human Resources and Corporate Social
Responsibility for Saint-Gobain, said: "This agreement marks a further step in
our strategy to decarbonize our operations in France. Thanks to this
collaboration with Boralex, we will not only be able to secure a long-term
supply of renewable energy, but above all support our industrial sites across
the country in their energy transition. This agreement is a further
illustration of our commitment to leading industry towards a more sustainable
future."

Nicolas Wolff, Executive Vice President and General Manager of Boralex in
Europe stated: "This PPA illustrates our ability to offer tailored solutions
to our customers, based on our diversified wind and solar portfolio. We are
delighted with this new partnership, which is based on a relationship of
trust. It will enable Saint-Gobain to secure competitive and sustainable
energy over 20 years whilst contributing to a successful energy transition."

 

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) and follow us on X @saintgobain
(https://twitter.com/saintgobain)

About Boralex

For over 30 years, Boralex has been providing affordable renewable energy for
all. As a leader in the Canadian market and the largest independent onshore
wind producer in France, we also operate in the United States and the United
Kingdom. Over the past five years, our installed capacity has more than
doubled and now stands at over 3 GW. We are developing a project portfolio of
nearly 6.7 GW in wind, solar, and storage, driven by our values and corporate
social responsibility (CSR) approach. Through profitable and sustainable
growth, Boralex actively contributes to the fight against climate change. With
our boldness, discipline, expertise, and diversity, we remain an industry
benchmark. Boralex shares are traded on the Toronto Stock Exchange under the
symbol BLX.

For more information, visit boralex.com (http://boralex.com) or sedarplus.com
(https://www.sedarplus.ca/landingpage/) . Follow us on Facebook
(https://www.facebook.com/BoralexInc) , Twitter
(https://twitter.com/BoralexInc/) , LinkedIn
(https://www.linkedin.com/company/588913/) and Instagram
(https://www.instagram.com/boralexfr/) .

 Boralex media contact in France
 Adrien Chambon
 Press relations officer

 (+33) 6 44 39 82 91

presse.france@boralex.com
 Saint-Gobain Press Contacts                                                  Saint-Gobain Analyst / Investor Contacts
 Patricia Marie                                                               Vivien Dardel

 (+33) 1 88 54 26 83                                                          (+33) 1 88 54 29 77

 patricia.marie@saint-gobain.com                                              vivien.dardel@saint-gobain.com (mailto:vivien.dardel@saint-gobain.com)

 Laure Bencheikh                                                              Floriana Michalowska
 (+33) 1 88 54 26 38                                                          (+33) 1 88 54 19 09

 laure.bencheikh@saint-gobain.com (mailto:laure.bencheikh@saint-gobain.com)   floriana.michalowska (mailto:floriana.michalowska@saint-gobain.com)

                                                                            @saint-gobain.com (mailto:floriana.michalowska@saint-gobain.com)

 Yanice Biyogo

                                                                            Alix Sicaud
 (+33) 1 88 54 27 96

                                                                            (+33) 1 88 54 38 70
 yanice.biyogo@saint-gobain.com (mailto:yanice.biyogo@saint-gobain.com)

                                                                              alix.sicaud (mailto:alix.sicaud@saint-gobain.com) @saint-gobain.com
                                                                              (mailto:alix.sicaud@saint-gobain.com)

                                                                              James Weston

                                                                              (+33) 1 88 54 01 24

                                                                              james.weston (mailto:james.weston@saint-gobain.com) @saint-gobain.com
                                                                              (mailto:james.weston@saint-gobain.com)

 

 

 

 

 

 

 

 1  (#_ftnref1) Sources: ADEME, CRE, and RTE_Average consumption across all
uses combined

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