US: TotalEnergies Indicators New Lengthy-Time period Photo voltaic Energy Provide Settlement With Saint-Gobain
TotalEnergies mentioned Monday it has signed a brand new 15-year renewable Energy Buy Settlement (PPA) with Saint-Gobain. That is the second long-term solar energy provide settlement designed to assist decarbonize the ability consumption of the constructing supplies firm’s 125 industrial websites in North America.
By signing this PPA with Saint-Gobain, TotalEnergies is as soon as once more demonstrating its dedication to providing tailored renewable power options to companies worldwide, because it has accomplished with Air Liquide, Amazon, Merck, Microsoft, Orange and Sasol.
Beneath the 100 MW PPA, TotalEnergies will provide clear power from its Danish Fields Photo voltaic farm (Texas), serving to offset Saint-Gobain’s North American Scope 2 CO2 emissions from electrical energy by 90,000 metric tons per yr. With a capability of 720 MW, TotalEnergies’ photo voltaic farm is anticipated to come back on-line in 2024 and would be the Firm’s largest utility-scale operated photo voltaic farm in the US. This contract consists of an upside sharing mechanism, below which the businesses share any potential upside arising from elevated market value over the contract time period.
“We’re actually excited to strengthen our collaboration with Saint-Gobain with this new clear power dedication and due to this fact contribute to their carbon neutrality roadmap,” mentioned Vincent Stoquart, Senior Vice President, Renewables at TotalEnergies. “TotalEnergies’ rising solar energy era portfolio within the U.S. offers concrete options enabling our industrial prospects to decarbonize their electrical energy consumption. The signing of upside sharing CPPAs contributes to the target of worthwhile development for our Built-in Energy enterprise.”
Commenting on this settlement, Mark Rayfield, CEO of Saint-Gobain North America, added: “With this settlement, Saint-Gobain North America will additional cut back its CO2 emissions, demonstrating how briskly the manufacturing business can rework when long run options are at hand. This renewable power mission is a brand new milestone on the best way to assembly Saint-Gobain’s dedication to scale back scope 1 and a pair of CO2 emissions by 33% by 2030 – in comparison with 2017 – and to succeed in carbon neutrality by 2050.”
TotalEnergies is likely one of the prime renewable power builders in the US, with a portfolio of large-scale photo voltaic, storage, onsite B2B photo voltaic distributed era, onshore and offshore wind tasks which are anticipated to generate as much as 10 GW of renewable energy by 2025 and greater than 25 GW by 2030.
