Saint-Gobain agrees 11-year green PPA with Spain's Endesa
Endesa's Augusto PV plant in Spain
November 25 (Renewables Now) - French building materials maker Compagnie de Saint-Gobain SA (EPA:SGO) will off-take renewable power for its Spanish operations under an 11-year power purchase agreement (PPA) with local utility Endesa SA (BME:ELE).
Under the arrangement, Saint-Gobain will procure 150 GWh of power per year from Endesa’s wind, solar and hydroelectric facilities. Supplies are due to begin in 2024, covering around 55% of the French firm’s electricity needs in Spain, it said on Thursday.
The contracted power volume is equal to the annual power demand of some 43,000 Spanish homes. It will help Saint-Gobain reduce its carbon dioxide (CO2) emissions by roughly 39,000 tonnes annually.
The power off-take deal supports Saint-Gobain's efforts to reach carbon neutrality by 2050. It comes on the heelс of an earlier renewable power procurement arrangement in Spain, a deal with Germany’s Tion Renewables AG for power from a 52-MW wind portfolio in Poland and a 200-MW solar PPA with French energy major TotalEnergies SE (EPA:TTE) in the US and Canada. These deals have brought the group’s share of renewable electricity to more than 60%, it noted.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.