Schneider Electric commits to fully renewable power
The company is joining two global, collaborative initiatives, led by The Climate Group, as a result. RE100 commits to 100% renewable electricity by 2030 with an intermediary objective of 80% by 2020, while EP100 aims to double energy productivity by 2030, against a 2005 baseline, doubling the economic output from every unit of energy consumed.
Schneider has reduced energy consumption at its headquarter in France by 6x since 2008 using its own technologies, EcoStruxure Power and EcoStruxure Grid. The new commitments will cover more than 1,000 sites around the world, including 200 factories, where the company will use a broad range of renewable energy sources suchas solar, wind, geothermal and biomass.
It is already using solar panels at its sites in Vadodara (India) and Bangpoo (Thailand), geothermal energy and a solar rooftop at its HQ, and will install more on-site renewable energy projects to help achieve the 2030 target.
Offsite long-term procurement will be through Power Purchase Agreements (PPAs), a long-term (12-20 year) contracts with a renewable energy developer. This enables developers to secure financing for new wind, solar or other renewable electricity projects and allow buyers to have predictable pricing from clean energy sources.
“We are in a new world of energy that is becoming more electric, more decarbonized, more decentralized, and more digital,” said Emmanuel Lagarrigue, Chief Strategy Officer and Executive Vice President at Schneider Electric. “The commitments we have made today in joining RE100 and EP100 to source 100% renewable electricity and reflect on the doubling of our energy productivity are a demonstration of how consumers and business can be empowered to ensure the affordability, resilience, sustainability, and security of the energy that they consume.”
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