Faurecia has signed Electricity Purchase Agreements (PPAs) with ENGIE and EDP to equip more than 150 facilities in 22 countries with solar panels for renewable energy sources.
Faurecia says it will buy locally generated solar electricity for 7% of its global electricity needs. The company also says the campaign will support the drive to become CO2-neutral in industrial operations by 2025. Along with a target minimum of 20% energy savings by 2023 compared to 2019, this will also help make Faurecia less prone to future energy prices, which is more than 27% of its needs in the past.
ENGIE and EDP, selected in a tender supported by Faurecia KPMG partners, will supply and install 100 MW solar panels by the end of 2023 at peak production, which is about 100 hectares of solar panels at Faurecia sites worldwide. By the end of 2022, 30% of this total capacity will have been installed.
ENGIE and EDP will cover different geographical areas around the Faurecia world. Brazil, the Czech Republic, France, Germany, Hungary, India, Mexico, Morocco, the Netherlands, Poland, Romania, Slovakia, South Africa and the United Kingdom are under the auspices of ENGIE. Portugal, Spain, Italy, USA, China, South Korea, Japan and Thailand under EDP.
Patrick Kohler, CEO of Faurecia, said: “The production of renewable energy at our sites is a major commitment to our goal of becoming CO2-neutral by 2025. By using strategic collaboration with global and leading partners, we can accelerate and improve our energy sustainability in a more sustainable way. In addition, it reflects our corporate responsibility to positively impact society and meet the needs of future generations. ”