Faurecia has signed power purchase agreements (PPA) with Engie and EDP to equip over 150 sites in 22 countries with solar panels for renewable electricity.
Recommended Buyer's Guides
Faurecia says it will purchase on-site produced solar electricity worth 7% of its global electricity needs. The company also says the action will support the ambition to become CO2 neutral in industrial operations by 2025. Together with a targeted minimum of 20% energy intensity saving by 2023 against 2019, it will also contribute to make Faurecia less exposed to the future prices of energy, for a fraction of more than 27% of its past needs.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataENGIE and EDP, selected through a tender supported by Faurecia’s partner KPMG, will provide and install solar panels for a cumulative capacity of 100 MW at peak production by the end of 2023, representing about 100 hectares of solar panels on Faurecia’s sites globally. As much as 30% of this total capacity will already be installed before the end of 2022.
ENGIE and EDP will each cover different geographic zones across Faurecia’s global footprint. Brazil, the Czech Republic, France, Germany, Hungary, India, Mexico, Morocco, the Netherlands, Poland, Romania, Slovakia, South Africa and the United Kingdom are under ENGIE’s aegis. Portugal, Spain, Italy, the United States, China, South Korea, Japan and Thailand under EDP’s.
Patrick Koller, Faurecia CEO, said: “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.”
