Saint-Gobain Signs Renewable Electricity Agreement with Vibrant Energy
Saint-Gobain has signed a power purchase agreement, or PPA, in India with Vibrant Energy, a portfolio company of Macquarie Asset Management's Green Investment Group, to provide wind-solar electricity to six local Saint-Gobain sites.
The 20-year PPA will begin delivery in 2024 and bring the renewable electricity share in India to 65% in 2025. Under the agreement, Vibrant Energy will provide Saint-Gobain with 189 gigawatt hours of renewable electricity (solar and wind) per year, thus reducing Saint-Gobain’s CO2 emissions in India by around 120,000 tons per year.
Saint-Gobain sustainability goals
Through initiatives such as the replacement of fossil fuels with biomass, waste heat recovery and reuse, and circularity actions, Saint-Gobain is on its way to achieving 100% renewable electricity in India by 2030. This agreement, in addition to those previously signed by the group in North America, Spain and Poland, is part of the group's overall trajectory to achieve carbon neutrality by 2050.