STMicroelectronics Signs 10-Year PPA with Centrica for Italian Operations
The agreement is based on the sale of approximately 61 GWh of renewable energy per year, generated by a new solar farm in Italy.
April 11, 2024. By Abha Rustagi
The agreement is based on the sale of approximately 61 GWh of renewable energy per year, generated by a new solar farm in Italy.
In Italy, ST operates two high-volume semiconductor manufacturing sites in Agrate (near Milan) and Catania, along with multiple R&D, design, and sales and marketing sites.
Geoff West, EVP and Chief Procurement Officer at STMicroelectronics, emphasized the significance of this agreement in the company's sustainability journey stating, "This second power purchasing agreement in Italy marks yet another important step towards ST’s goal of becoming carbon neutral in its operations (Scope 1 and 2 emissions, and partially scope 3) by 2027, including the sourcing of 100 percent renewable energy by 2027. PPAs will play a major role in our transition. Starting in 2025, this PPA with Centrica will provide a significant level of renewable energy for ST’s operations in Italy, which includes R&D, design, sales and marketing, and large-volume chip manufacturing."
Kristian Gjerløv-Juel, Vice President for Renewable Energy Trading & Optimization at Centrica, expressed satisfaction with the partnership stating, "We’re pleased to have signed this agreement with STMicroelectronics. Centrica Energy continues to expand its capabilities and through this collaboration, we will bring renewable energy to one of Europe’s biggest technology companies. This agreement is another example of how Centrica is developing powerful value propositions for partners and customers globally."
This collaboration highlights the commitment of both STMicroelectronics and Centrica Energy to driving sustainable practices and reducing carbon emissions in the semiconductor industry.
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