Boralex Inc. ("Boralex") (TSX: BLX) and Saint-Gobain (EPA: SGO) have announced the signing of a 20-year renewable electricity purchase agreement ("Power Purchase Agreement"
or PPA) in France, involving three power plants developed, built, and operated by Boralex.
The combination of wind and solar technologies will provide Saint-Gobain's industrial operations in France with a renewable electricity supply, offering greater stability through the complementarity of these two energy sources.
Thanks to this PPA, two solar power plants and one wind farm will come online between the first quarter of 2026 and the first quarter of 2027. These three parks will produce approximately 110 GWh per year, which is equivalent to the annual electricity consumption of more than 50,0001 inhabitants and are expected to cover 10% of Saint-Gobain's electricity needs in France.
Claire Pedini, Senior Vice-President, Human Resources and Corporate Social Responsibility for SaintGobain, said: “This agreement marks a further step in our strategy to decarbonize our operations in France.
Thanks to this collaboration with Boralex, we will not only be able to secure a long-term supply of renewable energy, but above all support our industrial sites across the country in their energy transition. This agreement is a further illustration of our commitment to leading industry towards a more sustainable future.”
Nicolas Wolff, Executive Vice President and General Manager of Boralex in Europe stated: “This PPA illustrates our ability to offer tailored solutions to our customers, based on our diversified wind and solar portfolio. We are delighted with this new partnership, which is based on a relationship of trust. It will enable Saint-Gobain to secure competitive and sustainable energy over 20 years whilst contributing to a successful energy transition.”
