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News Saint-Gobain signs wind and solar electricity deal with Vibrant Energy in India

Saint-Gobain signs wind and solar electricity deal with Vibrant Energy in India

Written by Global Gypsum staff
23 May 2023
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India: Saint-Gobain has signed a power purchase agreement (PPA) with Vibrant Energy, a subsidiary of Macquarie Asset Management's Green Investment Group (MAM-GIG), to provide wind and solar electricity to six local sites. The 20-year PPA will start in 2024 and bring the company’s national renewable electricity share to 65% in 2025. Under the agreement, Vibrant Energy will provide Saint-Gobain with 189GWhr/yr of renewable electricity. The company says that it is on target to achieve 100% renewable electricity in India by 2030 by replacing fossil fuels with biomass, using waste heat recovery and other measures.

Saint-Gobain India operates 76 manufacturing plants in the country including four gypsum wallboard units.

Last modified on 22 June 2023
Published in Global Gypsum News
Tagged under
  • India
  • SaintGobain India
  • SaintGobain
  • Power Purchase Agreement
  • Solar
  • wind power
  • Vibrant Energy
  • Macquarie Capital
  • GGM53

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