REG - Compagnie St-Gobain - Power Purchase Agreement

Compagnie de Saint Gobain SAAnnouncement

25/10/2022 17:15

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RNS Number : 0852E  Compagnie de Saint-Gobain  25 October 2022

SAINT-GOBAIN AND TOTALENERGIES SIGN A MAJOR RENEWABLE ELECTRICITY SUPPLY
AGREEMENT IN NORTH AMERICA

Paris/Houston, October 25, 2022 - Saint-Gobain has signed a 10-year renewable
electricity supply agreement (Power Purchase Agreement or PPA) with
TotalEnergies for the purchase of solar power for its 145 industrial sites in
North America (United States and Canada).

Commenting on this agreement, Mark Rayfield, CEO of Saint-Gobain North
America, said: "With this agreement, Saint-Gobain North America will
dramatically reduce its CO(2) emissions while sending a strong signal to the
market that the manufacturing industry is ready to commit to green
electricity. This renewable energy project is critical 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."

"We are excited to support Saint-Gobain and be a part of making their
sustainable goals in North America a reality, and we look forward to
continuing this mutual effort to decarbonize their energy supplies," said
Marc-Antoine Pignon, Managing Director, TotalEnergies Renewables USA. "Our
ambition in the U.S. is to become a key partner for corporate players
committed to achieving carbon neutrality by offering them innovative and
cost-effective renewable solutions to decarbonize their electricity
consumption."

This 200 MW PPA is expected to offset Saint-Gobain's North American CO(2)
emissions from electricity (scope 2 emissions) by 210,000 Metric Tons per
year, a reduction of around 33%. The agreement is expected to start at the end
of 2024.

This is the second PPA signed in North America by Saint-Gobain, the first one
being a wind project in Blooming Grove, Illinois (United States). The two
projects combined are expected to represent a 62% reduction in Saint-Gobain
North America's scope 2 emissions.

 

 

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".

€44.2 billion in sales in 2021

166,000 employees, locations in 76 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

 
Analyst/Investor relations

Vivien Dardel :              +33 1 88 54 29
77

Floriana Michalowska : +33 1 88 54 19
09

Alix Sicaud :                 +33 1 88 54 38
70

Press relations

Patricia Marie :             +33 1 88 54 26 83

Laure Bencheikh :         +33 1 88 54 26 38

Susanne Trabitzsch :     +33 1 88 54 27 96

 

ABOUT TOTALENERGIES

TotalEnergies is a global multi-energy company that produces and markets
energies: oil and biofuels, natural gas and green gases, renewables and
electricity. Our more than 100,000 employees are committed to energy that is
ever more affordable, cleaner, more reliable and accessible to as many people
as possible. Active in more than 130 countries, TotalEnergies puts sustainable
development in all its dimensions at the heart of its projects and operations
to contribute to the well-being of people.

 Contacts

Media Relations: +33 (0)1 47 44 46 99 presse@totalenergies.com
(mailto:presse@totalenergies.com)  l @TotalEnergiesPR
(https://twitter.com/TotalEnergiesPR)

Investor Relations: +33 (0)1 47 44 46 46 ir@totalenergies.com
(mailto:ir@totalenergies.com)

 

 

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