(Boursier.com) — Saint Gobain has signed a power purchase agreement (PPA) with the leading energy supplier in Spain, Endesa. This 11-year agreement will come into effect in 2024, and will cover around 55% of Saint Gobain’s electricity needs in Spain. The electricity supplied by Endesa will be generated by its wind, solar and hydroelectric sites.
This agreement will reduce CO2 emissions by nearly 39,000 tonnes per year. This is the second renewable electricity supply agreement signed in Spain by Saint-Gobain. Combined, these two agreements will cover 65% of the Group’s electricity needs in Spain. This is an additional step in the fight against global warming, in line with the Group’s objective of achieving carbon neutrality by 2050.
Under this agreement, Endesa will supply Saint-Gobain with 150 GWh of renewable energy per year, the equivalent of supplying 43,000 Spanish homes with renewable energy each year.
This agreement comes as the Group recently signed two major renewable electricity supply agreements in Poland and North America, bringing the share of renewable electricity to more than 60% for the entire Group. It follows the recent approval by the Science Based Targets initiative (SBTi) of the Group’s long-term targets for reducing greenhouse gas emissions, SBTi deeming them to be in line with its new Net-Zero Standard and the agreement of Paris on the climate.
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