STMicroelectronics and Centrica Energy have inked a ten-year Power Purchase Agreement for the supply of renewable energy to its operations in Italy, starting January 2025. The agreement is based on the sale by Centrica of approximately 61 GWh of renewable energy annually, produced by a new solar farm in Italy. In Italy, ST operates two high-volume semiconductor manufacturing sites in Agrate (near Milan) and Catania as well as multiple R&D, design, and sales and marketing sites.
Centrica Energy is the trading and optimisation arm of Centrica plc, operating out of eight offices across all time zones to move energy from source to use. Its focus extends beyond merely providing energy management and optimization services to businesses; it also oversees commodity risk management and offers wholesale market access for the Centrica group.
