Industrial, Sourcing Renewables, Wind - February 16, 2024
Air Liquide Signs First VPPA
Air Liquide, an industrial gas supplier, signed its first long-term Virtual Power Purchase Agreement (VPPA) to contribute to the group’s decarbonization and sustainability strategy.
The agreement was signed with Statkraft, a producer of renewable energy in Europe.
Sourcing renewable energies through PPAs is one of the levers to support Air Liquide's ADVANCE strategic plan objectives of reaching a 33% reduction of Scope 1 and 2 of its absolute CO2 emissions by 2035, and carbon neutrality by 2050.
The contract allows for the supply of renewable energy certificates from Polish wind farms, linked to newly installed renewable production capacity. It will contribute to reducing CO2 emissions of Air Liquide by 38,000 tons annually and help customers in Poland decarbonize their operations, by using industrial gasses with a lower carbon footprint.
This agreement also supports Poland’s target to reach at least 23% share of renewable energies in final energy consumption in 2030.
“Along with the signature of multiple Corporate PPAs in Europe, in the US, in Asia and in Africa, the conclusion of this Financial PPA is a first-of-its-kind for Air Liquide,” Jérôme Pelletan, Chief Financial Officer, Member of the Executive Committee, said in a statement. “It demonstrates the strong commitment and innovation from all teams, business and finance, to contribute to meeting our climate objectives. This will clear the path for the signature of more contracts of this type in the future.”
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