STMicroelectronics, a multinational technology company, and Centrica Energy, an international energy management company, have recently signed a long-term agreement to supply electricity generated from renewable sources in Italy to STMicroelectronics'
PR N°: C3249C STMicroelectronics and Centrica Energy sign long-term agreement for the supply of electricity produced from renewable sources in Italy 10-year contract for energy produced by a new solar farm in ItalyPPA will support 2027 carbon neutral and 100% renewable energy sourcing goals of semiconductor manufacturer with 2 large-volume manufacturing sites in Italy Geneva (Switzerland) and Aalborg (Denmark), April 11, 2024 – STMicroelectronics, (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, and Centrica Energy Trading A/S ("Centrica Energy”) announced today that they have signed a ten-year Power Purchase Agreement (PPA) for the supply of renewable energy to its operations in Italy, starting January 2025.
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 & Optimisation, Centrica, said: "We’re pleased to have signed this agreement with STMicroelectronics.
Geoff West, EVP and Chief Procurement Officer, STMicroelectronics, commented: "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% renewable energy by 2027.
The story " STMicroelectronics, a multinational technology company, and Centrica Energy, an international energy management company, have recently signed a long-term agreement to supply electricity generated from renewable sources in Italy to STMicroelectronics'" has 501 words across 20 sentences, which will take approximately 3 - 5 minutes for the average person to read.
Which news outlet covered this story?
The story " STMicroelectronics, a multinational technology company, and Centrica Energy, an international energy management company, have recently signed a long-term agreement to supply electricity generated from renewable sources in Italy to STMicroelectronics'" was covered 2 weeks ago by GlobeNewswire, a news publisher based in China.
How trustworthy is 'GlobeNewswire' news outlet?
GlobeNewswire is a fully independent (privately-owned) news outlet established in 1998 that covers mostly technology news.
The outlet is headquartered in China and publishes an average of 100 news stories per day.
It's most recent story was published 10 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
