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RNS Number : 5552H Compagnie de Saint-Gobain 24 November 2022
SAINT-GOBAIN SIGNS A MAJOR RENEWABLE ELECTRICITY SUPPLY AGREEMENT IN SPAIN
Saint-Gobain has signed a Power Purchase Agreement (PPA) with the top energy
supplier in Spain, Endesa.
This 11-year agreement will start in 2024 and will cover around 55% of
Saint-Gobain's Spanish electricity needs. The electricity supplied by Endesa
will be generated by its renewable portfolio: wind, solar and hydroelectric
power.
This agreement will enable a reduction in CO(2) emissions of roughly 39,000
tons per year.
This is the second renewable energy supply agreement signed by Saint-Gobain in
Spain. Together, the two agreements will cover 65% of the Group's electricity
needs in Spain. It is a major step in the Group's fight against climate change
and towards its commitment to reach carbon neutrality in 2050.
Under this agreement, Endesa will supply Saint-Gobain 150 GWh of renewable
energy annually, which corresponds to the supply of about 43,000 Spanish homes
with renewable energy every year.
This announcement follows the recent signings by Saint-Gobain of two important
renewable electricity supply agreements in Poland
(https://www.saint-gobain.com/sites/saint-gobain.com/files/media/document/2002_09_15_PPA_Pologne_vA.pdf)
and North America
(https://www.saint-gobain.com/sites/saint-gobain.com/files/media/document/2022_10_25_PPA_NorthAm_VA.pdf)
, increasing the share of renewable electricity to more than 60% for the
entire Group. It comes after the recent endorsement by the Science Based
Targets initiative (SBTi) of the Group's greenhouse gas emission reduction
targets as consistent with the organization's new Net-Zero Standard and the
Paris Climate Agreement.
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
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