Boralex and Saint-Gobain Sign 20-Year Agreement to Power French Operations with Renewable Energy

Boralex and Saint-Gobain Sign 20-Year Agreement to Power French Operations with Renewable Energy

(IN BRIEF) Boralex and Saint-Gobain have signed a 20-year Power Purchase Agreement (PPA) to supply renewable energy from three Boralex power plants in France, consisting of two solar plants and one wind farm. Set to begin operations between 2026 and 2027, these facilities will produce approximately 110 GWh annually, meeting about 10% of Saint-Gobain’s electricity needs in France. This partnership aligns with Saint-Gobain’s strategy to decarbonize its operations and Boralex’s commitment to offering sustainable energy solutions through a trusted partnership.

(PRESS RELEASE) COURBEVOIE, 8-Nov-2024 — /EuropaWire/ — Boralex Inc. (TSX: BLX) and Saint-Gobain (EPA: SGO) have entered into a significant 20-year Power Purchase Agreement (PPA) in France, under which Boralex will provide renewable electricity from three of its power plants. This agreement will integrate wind and solar energy sources to deliver a stable and sustainable energy supply for Saint-Gobain’s industrial facilities throughout France.

The agreement encompasses two solar plants and one wind farm, set to begin operations between early 2026 and early 2027. Together, these facilities are expected to generate around 110 GWh annually, which equates to the yearly electricity consumption of over 50,000 residents and will cover roughly 10% of Saint-Gobain’s energy needs in France.

“This agreement represents a major milestone in our efforts to decarbonize our French operations,” noted Claire Pedini, Senior Vice-President of Human Resources and Corporate Social Responsibility at Saint-Gobain. “Through this partnership with Boralex, we’re securing a long-term renewable energy source while advancing the energy transition across our industrial sites in France. It’s a clear example of our commitment to driving sustainability in the industry.”

Nicolas Wolff, Boralex’s Executive Vice President and General Manager for Europe, added, “This PPA reflects our capability to deliver customized energy solutions, drawing on our diverse portfolio of wind and solar resources. We are thrilled to collaborate with Saint-Gobain in a partnership built on trust, enabling them to secure cost-effective, renewable energy over the next 20 years and contributing to a successful energy transition.”

About Saint-Gobain

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME”.

€47.9 billion in sales in 2023
160,000 employees, locations in 76 countries
Committed to achieving net zero carbon emissions by 2050

For more information about Saint-Gobain, visit www.saint-gobain.com and follow us on X @saintgobain

About Boralex

For over 30 years, Boralex has been providing affordable renewable energy for all. As a leader in the Canadian market and the largest independent onshore wind producer in France, we also operate in the United States and the United Kingdom. Over the past five years, our installed capacity has more than doubled and now stands at over 3 GW. We are developing a project portfolio of nearly 6.7 GW in wind, solar, and storage, driven by our values and corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex actively contributes to the fight against climate change. With our boldness, discipline, expertise, and diversity, we remain an industry benchmark. Boralex shares are traded on the Toronto Stock Exchange under the symbol BLX.

For more information, visit boralex.com or sedarplus.com. Follow us on Facebook, Twitter, LinkedIn and Instagram.

Media Contacts:

Boralex:

Adrien Chambon
Press relations officer
(+33) 6 44 39 82 91
presse.france@boralex.com

Saint-Gobain: 

Patricia Marie
(+33) 1 88 54 26 83
patricia.marie@saint-gobain.com

Laure Bencheikh
(+33) 1 88 54 26 38
laure.bencheikh@saint-gobain.com

Yanice Biyogo
(+33) 1 88 54 27 96
yanice.biyogo@saint-gobain.com

Saint-Gobain Analyst / Investor Contacts

Vivien Dardel
(+33) 1 88 54 29 77
vivien.dardel@saint-gobain.com

Floriana Michalowska
(+33) 1 88 54 19 09
floriana.michalowska@saint-gobain.com

Alix Sicaud
(+33) 1 88 54 38 70
alix.sicaud@saint-gobain.com

James Weston
(+33) 1 88 54 01 24
james.weston@saint-gobain.com

SOURCE: Saint-Gobain