Schneider Electric joins RE100, EP100

France-based power equipment provider Schneider Electric SE (EPA:SU) today announced a goal of sourcing 100% renewable electricity by 2030.

The company will also try to double the economic output from every unit of energy consumed by the same year against 2005. In line with these targets it has joined two initiatives led by The Climate Group, RE100 and EP100.

Schneider Electric said the objectives will cover more than 1,000 electricity consuming sites around the world, including 200 factories. They support its aim to become carbon neutral by 2030.

On the renewables front, an interim target of 80% renewable electricity usage has been set by 2020. The company will make use of a range of renewable energy sources, among which solar, wind, geothermal and biomass. It will employ three approaches -- on-site projects at company facilities, off-site procurement through power purchase agreements (PPAs), and Energy Attribute Certificates (EACs) and green tariffs. The company said it will use EACs as a flexible and fast way to acquire and track renewable electricity. There are already renewable projects at some Schneider Electric sites, including geothermal energy and a solar rooftop at its headquarters The Hive in France.

Schneider Electric noted it has been using its own technical solutions, EcoStruxure Power and EcoStruxure Grid, to reduce its energy consumption.

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