Saint-Gobain has signed a power purchase agreement (PPA) in India with Vibrant Energy, a portfolio company of Macquarie Asset Management’s Green Investment Group (MAM-GIG). The collaboration intends 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 per cent in 2025.
Under the agreement, Vibrant Energy will provide Saint-Gobain with 189 GWh of renewable electricity composed of solar and wind annually, thus reducing Saint-Gobain’s carbon dioxide emissions in India by around 120,000 tons per year. This agreement, in addition to those previously signed by the Group in North America, Spain and Poland is a part of the Group’s overall trajectory to achieve carbon neutrality by 2050.
Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonisation of construction and industry are developed through a continuous innovation process and provide sustainability and performance.