Compagnie de Saint-Gobain

Regulatory Filings • Oct 8, 2024

National Storage Mechanism | Additional information

RNS Number : 3348H

Compagnie de Saint-Gobain

08 October 2024

SAINT-GOBAIN signs a renewable electricity supply agreement in france

Saint-Gobain has signed a Power Purchase Agreement (PPA) with TotalEnergies to supply renewable electricity to Saint-Gobain's French industrial facilities. It will take effect from January 2026 for a total volume of 875 GWh over a period of five years.

TotalEnergies will provide Saint-Gobain with a baseload supply of electricity and guarantees of origin for that amount of power, produced by TotalEnergies' wind and solar plants across France. 

"Saint-Gobain is committed to achieving net-zero carbon emissions by 2050. Realizing this ambition involves decarbonizing our production processes. This contract signed with TotalEnergies allows the Group to take a further step towards this goal with a reliable and continuous supply of renewable electricity for our industrial sites. With this PPA, combined with the three others signed by the Group in France since 2021, 30% of the electricity used by Saint-Gobain in France will come from renewable sources by 2027", explained Swaroop Srinath, Energy Purchasing Director, Saint-Gobain.

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".

€47.9 billion in sales in 2023

160,000 employees, locations in 76 countries

Committed to achieving net zero carbon emissions by 2050

For more information about Saint-Gobain, visit www.saint-gobain.com and follow us on  X @saintgobain

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