The 11-year agreement will start in 2024 and will cover around 55% of Saint-Gobain’s Spanish electricity needs.
The electricity supplied by Endesa will be generated by its renewable portfolio: wind, solar and hydroelectric power.
The agreement will enable a reduction in CO2 emissions of approximately 39,000 tons per year.
Under the agreement, Endesa will supply Saint-Gobain 150 GWh of renewable energy annually, which corresponds to the supply of about 43,000 Spanish homes with renewable energy every year.
This is the second renewable energy supply agreement signed by Saint-Gobain in Spain.
Together, the two agreements will cover 65% of the group’s electricity needs in Spain.
The Endesa agreement follows recent signings by Saint-Gobain of two renewable electricity supply agreements in Poland and North America, increasing the share of renewable electricity to more than 60% for the entire group.
It comes after the recent endorsement by the Science Based Targets initiative (SBTi) of the group’s greenhouse gas emission reduction targets as consistent with the organisation’s new Net-Zero Standard and the Paris Climate Agreement.
The group aims to reach carbon neutrality by 2050.