Saint-Gobain has signed a Power Purchase Agreement (PPA) in India with Vibrant Energy, a portfolio company of Macquarie Asset Management's Green Investment Group (MAM-GIG), to provide wind-solar electricity to 6 of its local sites.

The 20-year PPA will begin delivery in 2024 and is said to bring the renewable electricity share in India to 65 per cent in 2025. 

The terms of the agreement required Vibrant Energy to provide the company with 189 GWh of renewable electricity (solar and wind) per year, thus reducing its CO2 emissions in India by approximately 120,000 tons per year. Through wide-ranging initiatives such as the replacement of fossil fuels with biomass, waste heat recovery and reuse, and circularity actions, Saint-Gobain is well on its way to achieving 100 per cent renewable electricity in India by 2030. 

B. Santhanam, CEO - Asia Pacific and India Region, Chairman at Saint-Gobain India, commented, "The PPA is a significant step forward to not only meet the country's 500GW renewable energy target but also increase the use of renewable energy sources in the manufacturing sector. Our commitment towards sustainability is at the core of our business strategy, and this partnership is a significant step towards achieving our goal of 100 per cent renewable energy by 2030." 

This agreement, in addition to those previously signed by the Group in North America, Spain and Poland, is part of the Group's overall trajectory to achieve carbon neutrality by 2050.