Industrial, Solar - May 26, 2022
Faurecia Adds 60 Solar Sites
Faurecia, part of the Group FORVIA will add self-consumption solar installations on over 60 sites of the automotive components multinational in Europe, Asia and the U.S.
EDP signed a global partnership to develop and install up to 100MWp of solar energy at Faurecia’s sites in Europe, Asia and North America. By the end of 2023, more than 60 self-consumption solar parks will be installed at the multinational's industrial units in Portugal, Spain, Italy, the U.S., China, South Korea, Japan and Thailand. This is the largest distributed solar energy project secured to this date by EDP group and the first to be installed with the same partner in several continents simultaneously.
Faurecia, a major company in the global automotive industry, will now consume renewable energy produced on its own sites, significantly reducing its dependence on the energy grid. This partnership is also an important step in Faurecia's objectives to reduce the carbon emissions of its industrial operations (Scope 1 and 2).
The partnership is based on an As-a-Service model with EDP investing, operating and maintaining panels under long-term contracts adjusted to the local specificities of each Faurecia market. It is expected that these more than 60 projects may have up to 200,000 solar panels, and that they will allow the company to avoid more than 60,000 tons of CO2 over the next decade.
"This partnership shows EDP's ability to respond to multinational customers who wish to choose distributed solar solutions across countries and to support the energy transition at a global scale," said Miguel Stilwelld'Andrade, CEO of EDP group, in a statement.