Saint-Gobain agrees 11-year inexperienced PPA with Spain’s Endesa

November 25 (Renewables Now) – French constructing supplies maker Compagnie de Saint-Gobain SA (EPA:SGO) will off-take renewable energy for its Spanish operations below an 11-year energy buy settlement (PPA) with native utility Endesa SA (BME:ELE).

Underneath the association, Saint-Gobain will procure 150 GWh of energy per 12 months from Endesa’s wind, photo voltaic and hydroelectric services. Provides are attributable to start in 2024, masking round 55% of the French agency’s electrical energy wants in Spain, it mentioned on Thursday.

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The contracted energy quantity is the same as the annual energy demand of some 43,000 Spanish houses. It’ll assist Saint-Gobain scale back its carbon dioxide (CO2) emissions by roughly 39,000 tonnes yearly.

The facility off-take deal helps Saint-Gobain’s efforts to succeed in carbon neutrality by 2050. It comes on the heelс of an earlier renewable energy procurement association in Spain, a cope with Germany’s Tion Renewables AG for energy from a 52-MW wind portfolio in Poland and a 200-MW photo voltaic PPA with French vitality main TotalEnergies SE (EPA:TTE) in the US and Canada. These offers have introduced the group’s share of renewable electrical energy to greater than 60%, it famous.

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