Press release
Saint-Gobain and Boralex sign
a long-term renewable electricity purchase agreement in
France
Paris (France), November 7, 2024 - Boralex Inc. ("Boralex") (TSX: BLX) and Saint-Gobain (EPA:
SGO) have announced the signing of a 20-year renewable electricity
purchase agreement ("Power Purchase Agreement" or PPA) in France,
involving three power plants developed, built, and operated by
Boralex.
The combination of wind and solar
technologies will provide Saint-Gobain's industrial operations in
France with a renewable electricity supply, offering greater
stability through the complementarity of these two energy
sources.
Thanks to this PPA, two solar power
plants and one wind farm will come online between the first quarter
of 2026 and the first quarter of 2027. These three parks will
produce approximately 110 GWh per year, which is equivalent to the
annual electricity consumption of more than 50,000[1] inhabitants and are expected to cover 10% of
Saint-Gobain's electricity needs in France.
Claire Pedini, Senior Vice-President, Human Resources and
Corporate Social Responsibility for
Saint-Gobain, said: "This agreement
marks a further step in our strategy to decarbonize our operations
in France. Thanks to this collaboration with Boralex, we will not
only be able to secure a long-term supply of renewable energy, but
above all support our industrial sites across the country in their
energy transition. This agreement is a further illustration of our
commitment to leading industry towards a more sustainable
future."
Nicolas Wolff, Executive Vice President and General Manager of
Boralex in Europe stated: "This PPA illustrates
our ability to offer tailored solutions to our customers, based on
our diversified wind and solar portfolio. We are delighted with
this new partnership, which is based on a relationship of trust. It
will enable Saint-Gobain to secure competitive and sustainable
energy over 20 years whilst contributing to a successful energy
transition."
About Saint-Gobain
Worldwide leader in light and
sustainable construction, 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
decarbonization of construction and industry are developed through
a continuous innovation process and provide sustainability and
performance. The Group's commitment is guided by its purpose,
"MAKING THE WORLD A BETTER HOME".
€47.9 billion in sales in 2023
160,000 employees, locations in 76 countries
Committed to achieving net zero carbon emissions by
2050
For more information about
Saint-Gobain, visit www.saint-gobain.com
and follow us on X @saintgobain
About Boralex
For over 30 years, Boralex has been
providing affordable renewable energy for all. As a leader in the
Canadian market and the largest independent onshore wind producer
in France, we also operate in the United States and the United
Kingdom. Over the past five years, our installed capacity has more
than doubled and now stands at over 3 GW. We are developing a
project portfolio of nearly 6.7 GW in wind, solar, and storage,
driven by our values and corporate social responsibility (CSR)
approach. Through profitable and sustainable growth, Boralex
actively contributes to the fight against climate change. With our
boldness, discipline, expertise, and diversity, we remain an
industry benchmark. Boralex shares are traded on the Toronto Stock
Exchange under the symbol BLX.
For more information, visit
boralex.com or sedarplus.com.
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