Switzerland-based energy company Alpiq has sealed a multi-year agreement to provide solar electricity to French building materials manufacturer Compagnie de Saint-Gobain SA (EPA:SGO).
This 14-year power purchase agreement (PPA) outlines the supply of 500 GWh of renewable energy throughout the duration of the contract.
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The sourced electricity will originate from two solar farms situated in the Moselle department. The agreed-upon capacity will effectively cover the energy needs of 11 Saint-Gobain facilities in France.
This PPA marks Saint-Gobain's third agreement of this nature within its home country. The collective impact of these agreements is projected to reduce the company's Scope 2 emissions in France by nearly 10% by 2024, compared to levels recorded in 2017, as highlighted in a statement released by the French corporation today.
