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NEW YORK CITY, May 12, 2022 - ENGIE announced today the signing of an on-site solar power contract with Faurecia, a major player in the global automotive industry and a FORVIA Group company. This new carbon-neutrality agreement follows a global partnership between ENGIE and Faurecia to support its energy transition objectives.
This contract, awarded to ENGIE Impact, an ENGIE entity that delivers sustainability solutions and services to corporations, cities and governments across the globe, covers 14 countries (Brazil, the Czech Republic, France, Germany, Hungary, India, Mexico, Morocco, The Netherlands, Poland, Romania, Slovakia, South Africa and the United Kingdom). It is a major milestone in Faurecia's roadmap to become CO2 neutral for its industrial operations (scopes 1 and 2) by 2025.
With this carbon-neutrality contract, ENGIE will provide, install, operate and maintain solar panels for a cumulative capacity of over 60 MW at peak production by the end of 2023, representing about 60 hectares of solar panels on Faurecia’s sites globally. As much as 30% of the total renewable power capacity provided by ENGIE will already be installed before the end of 2022.
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Faurecia sites will purchase the solar electricity produced on-site by ENGIE’s solar panels, under 15-year power purchase agreements (PPA). These PPAs will bring a 7% improvement in the company’s energy independence versus 2019. These PPAs also illustrate Faurecia’s use less and use better principles, supporting its 2023 goal of reducing external purchasing of energy by 25%.
In 2021, Faurecia selected ENGIE to accompany them in their CO2 neutrality journey, through the deployment of energy saving equipment and solutions enabling 15% reduction of site energy consumption out of a reference of around 600 GWh. With this multi-country on-site solar agreement, Faurecia’s sites will produce their own renewable and decarbonized energy tailored to each of their sites.
Patrick Koller, Faurecia CEO declared: “Producing renewable energy on our sites is a central commitment to meet our 2025 objective to become CO2 neutral for our in-house emissions. Leveraging strategic collaboration with global and leading partners allows us to speed up and improve our energy resilience in a more sustainable way. Also, it reflects our corporate responsibility to have a positive impact on society and meet the needs of future generations.”
This solar power program is fully in line with ENGIE’s roadmap to accelerate the energy transition of its clients through renewable energy solutions and distributed energy infrastructures. Every day, ENGIE designs and implements tailor-made and distributed solutions for its clients, to help them achieve their decarbonization goals. The on-site solar capacity of this program will contribute to our goal to increase our distributed energy infrastructures by 8 GW over 2021-2025.
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About ENGIE Impact
ENGIE Impact partners with companies to accelerate decarbonization efforts worldwide. ENGIE Impact’s comprehensive engagement model goes beyond strategy to include data excellence and digital tools, project delivery expertise, and financing support. An authentic long-term partner, ENGIE Impact establishes credible paths to hit difficult carbon-reduction metrics while sharing commitments and accountability across portfolios. With 20 offices worldwide and headquarters in New York City, ENGIE Impact today has a portfolio of over 1,500 clients, including 25% of the Fortune 500 Companies. ENGIE Impact is part of the ENGIE Group, a global leader in the transition toward a carbon-neutral economy through reduced energy consumption and more environmentally friendly solutions.
About ENGIE
Our group is a global reference in low-carbon energy and services. Together with our 170,000 employees, our customers, partners and stakeholders, we are committed to accelerating the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers.
Turnover in 2021: €57.9 billion. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe, Euronext Vigeo Eiris - Eurozone 120/ Europe 120/ France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG).
