par SAINT-GOBAIN (EPA:SGO)
Saint-Gobain signs a renewable electricity supply agreement in France
October 8, 2024
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
€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.comand follow us on X @saintgobain
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