REG - Compagnie St-Gobain - Power Purchase Agreement in India

Compagnie de Saint Gobain SAAnnouncement

16/05/2023 17:00

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RNS Number : 6233Z  Compagnie de Saint-Gobain  16 May 2023

SAINT-GOBAIN SIGNS A MAJOR RENEWABLE ELECTRICITY SUPPLY AGREEMENT IN INDIA

Saint-Gobain has signed a Power Purchase Agreement (PPA) in India with Vibrant
Energy - a portfolio company of Macquarie Asset Management's Green Investment
Group (MAM-GIG) - to provide wind-solar electricity to 6 local Saint-Gobain
sites.

 

The 20-year PPA will begin delivery in 2024 and bring the renewable
electricity share in India to 65% in 2025.

 

Under the agreement, Vibrant Energy will provide Saint-Gobain with 189 GWh of
renewable electricity (solar and wind) per year, thus reducing Saint-Gobain's
CO(2) emissions in India by around 120,000 tons per year. Through wide-ranging
initiatives such as the replacement of fossil fuels with biomass, waste heat
recovery and reuse, and circularity actions, Saint-Gobain is well on its way
to achieving 100% renewable electricity in India by 2030.

 

This agreement, in addition to those previously signed by the Group in North
America
(https://www.saint-gobain.com/sites/saint-gobain.com/files/media/document/2022_10_25_PPA_NorthAm_VA.pdf)
, Spain
(https://www.saint-gobain.com/sites/saint-gobain.com/files/media/document/20221124_PPA%20Spain_VA.pdf)
and Poland
(https://www.saint-gobain.com/sites/saint-gobain.com/files/media/document/2002_09_15_PPA_Pologne_vA.pdf)
, is part of the Group's overall trajectory to achieve carbon neutrality by
2050.

 

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 www.saint-gobain.com and follow us on Twitter @saintgobain

 

 

 

 

 

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