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Faurecia, Company of the Group FORVIA, announced today that it has signed power purchase agreements (PPA) with ENGIE and EDP to equip over 150 sites in 22 countries with solar panels.
This partnership is a major milestone in Faurecia’s roadmap to become CO2 neutral for its industrial operations (scopes 1 and 2) by 2025.
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Faurecia will purchase on-site produced solar electricity worth 7% of its global electricity needs. This action will support the ambition to become CO2 neutral in industrial operation 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.
This 15 years contract with EDP and ENGIE illustrates the company’s “use less and use better principles”.
ENGIE 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.