Power Purchase Agreement
Source: RNS
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 CO2 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 CO2 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 CO2 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 l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 ir@totalenergies.com
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