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.
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