TotalEnergies Signs Long-Term Solar Power Supply Agreement With Saint-Gobain
TotalEnergies has signed a new 15 year renewable Power Purchase Agreement (PPA) with Saint-Gobain. This is the second long-term solar power supply agreement designed to help decarbonise the power consumption of the building materials company’s 125 industrial sites in North America.
Under the 100MW PPA, TotalEnergies will supply clean energy from its Danish Fields Solar farm, helping offset Saint-Gobain’s North American Scope 2 CO2 emissions from electricity by 90,000tonnes/year. With a capacity of 720MW, the Texan solar farm is expected to come online in 2024 and will be the company’s largest utility-scale operated solar farm in the United States. This contract includes an upside sharing mechanism, under which the companies share any potential upside arising from increased market price over the contract term.
Commenting on this agreement, Mark Rayfield, CEO of Saint-Gobain North America, said: “With this agreement, Saint-Gobain North America will further reduce its CO2 emissions, demonstrating how fast the manufacturing industry can transform when long term solutions are at hand. This renewable energy project is a new milestone on the way to meeting Saint-Gobain’s commitment to reduce scope 1 and 2 CO2 emissions by 33% by 2030 - compared to 2017 - and to reach carbon neutrality by 2050.”
