on SAINT-GOBAIN (EPA:SGO)
Saint-Gobain Secures Renewable Electricity Deal in France
On October 8, 2024, Saint-Gobain announced the signing of a Power Purchase Agreement (PPA) with TotalEnergies. This agreement, effective from January 2026, will supply 875 GWh of renewable electricity to Saint-Gobain’s French industrial sites over five years. TotalEnergies will ensure a continuous supply using its wind and solar plants across France.
This deal marks a significant step towards Saint-Gobain’s goal of net-zero carbon emissions by 2050. Swaroop Srinath, Energy Purchasing Director at Saint-Gobain, highlighted that, by 2027, 30% of the electricity used by the company in France will be from renewable sources. This is the fourth PPA Saint-Gobain has signed in France since 2021.
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