Saint-Gobain Inks 12-Year Renewable Energy Deal, Aims to Offset Its USA CO2 Emissions

Saint-Gobain announced previously this month that it has arrived into a 12-year virtual power purchase agreement (vPPA) that will aid offset its U.S. CO2 emissions.

While cutting Saint-Gobain’s carbon footprint, the vPPA will support the construction of Blooming Grove Wind Farm in McClean County, Illinois.

Through the vPPA with Blooming Grove Wind Farm, Saint-Gobain North America will receive renewable energy certificates that will effectively offset CO2 emissions from electricity that powers Saint-Gobain’s U.S. operations by 40%. The company said this will result in reducing its overall U.S. carbon footprint by 21%.

Blooming Grove Wind Farm is in construction and is scheduled to be operational in late 2020.

The announcement marks the largest renewable energy deal in Saint-Gobain’s 354-year history, and the company said it is a key driver in helping the company reach net-zero carbon emissions by 2050, a commitment it announced during the UN Climate Action Summit in September 2019.

“Today, we celebrate a significant milestone in Saint-Gobain’s three-and-a-half-century legacy of powering innovation that enhances the well-being of people around the world,” said Emmanuel Normant, Saint-Gobain’s vice president of sustainable development. “I hope Saint-Gobain’s efforts can serve as a model for others who are looking to make strategic investments in the future of our planet while powering their company’s business objectives forward.”

Saint-Gobain North America has contracted 120 megawatts (MW) of the 250MW wind farm, which was developed by Invenergy, a privately held global developer and operator of sustainable energy solutions that has developed more than 150 projects across four continents.

In making this declaration, Saint-Gobain North America, which is part of the Renewable Energy Buyers Alliance (REBA), will be added to the next edition of the REBA Deal Tracker, which tracks new large-scale renewable energy contracts made by members across the REBA community.

Business | News published on 20/02/2020 by Moulin

 
 
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