Commercial, Solar - July 11, 2023
Alstom Signs Solar PPA in Spain
Alstom, a sustainable mobility company, announced a new virtual power purchase agreement (VPPA) focused on solar development in Spain.
The agreement was signed with energy management and automation company Schneider Electric. This collaboration between Alstom and Schneider Electric will further efforts to deliver on Alstom’s goal to accelerate decarbonization related to energy consumption of Alstom facilities and sites in Europe.
The 160 GWh/year solar farm project procured through the VPPA will cover the equivalent of approximately 80% of Alstom’s electricity consumption in Europe. The solar farm is expected to begin operations beginning in 2025 with the contract lasting 10 years.
Alstom recently had its near-term emissions reduction targets validated by the Science Based Targets initiative (SBTi). The SBTi validated the corporate GHG emissions reduction targets submitted by Alstom and confirmed that Alstom’s Scope 1 and Scope 2 target ambition is in line with a 1.5°C trajectory.
“As a world-leader in sustainable mobility solutions, energy transition and decarbonisation are intertwined with everything we do at Alstom," said Cécile Texier, Alstom Vice President of Sustainability & CSR, in a statement. "We are very proud to be taking concrete action to help develop renewable energy sources, and we are pleased to be leveraging Schneider Electric’s leadership in such strategic purchase agreements."
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