Alpiq signs 500-GWh PPA with building materials firm Saint-Gobain

Swiss power company Alpiq has signed a multi-year deal to supply solar electricity to French building materials maker Compagnie de Saint-Gobain SA (EPA:SGO).

The 14-year power purchase agreement (PPA) envisages the supply of 500 GWh of renewable power over the contracted period.

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The electricity will be sourced from two solar farms located in the department of Moselle. The agreed amount will be enough to cover the power consumption of 11 Saint-Gobain plants in France.

The PPA with Alpiq is the third one signed by Saint-Gobain at home. These agreements are expected to reduce the company's Scope 2 emissions in the country by nearly 10% in 2024 compared to 2017 levels, the French from noted in a statement published today.