TIDMCOD

RNS Number : 6233Z

Compagnie de Saint-Gobain

16 May 2023

 
 
 

SAINT-GOBAIN SIGNS A MAJOR RENEWABLE ELECTRICITY SUPPLY AGREEMENT IN INDIA

Saint-Gobain has signed a Power Purchase Agreement (PPA) in India with Vibrant Energy - a portfolio company of Macquarie Asset Management's Green Investment Group (MAM-GIG) - to provide wind-solar electricity to 6 local Saint-Gobain sites.

The 20-year PPA will begin delivery in 2024 and bring the renewable electricity share in India to 65% in 2025.

Under the agreement, Vibrant Energy will provide Saint-Gobain with 189 GWh of renewable electricity (solar and wind) per year, thus reducing Saint-Gobain's CO(2) emissions in India by around 120,000 tons per year. Through wide-ranging initiatives such as the replacement of fossil fuels with biomass, waste heat recovery and reuse, and circularity actions, Saint-Gobain is well on its way to achieving 100% renewable electricity in India by 2030.

This agreement, in addition to those previously signed by the Group in North America , Spain and Poland , is part of the Group's overall trajectory to achieve carbon neutrality by 2050.

ABOUT SAINT-GOBAIN

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group's commitment is guided by its purpose, "MAKING THE WORLD A BETTER HOME".

EUR51.2 billion in sales in 2022

168,000 employees, locations in 75 countries

Committed to achieving Carbon Neutrality by 2050

For more information about Saint-Gobain,

visit www.saint-gobain.com and follow us on Twitter @saintgobain

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCNKABQPBKDFPD

(END) Dow Jones Newswires

May 16, 2023 11:55 ET (15:55 GMT)

Compagnie De Saint-gobain (LSE:COD)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024 Haga Click aquí para más Gráficas Compagnie De Saint-gobain.
Compagnie De Saint-gobain (LSE:COD)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024 Haga Click aquí para más Gráficas Compagnie De Saint-gobain.