STMicroelectronics:
STMicroelectronics and ERG sign long-term
agreementfor the supply of electricity produced
from renewable sources in Italy
Geneva, Switzerland and Genoa, Italy, November 24,
2023 – STMicroelectronics (NYSE:STM), a global
semiconductor leader serving customers across the spectrum of
electronics applications, and ERG, a leading European independent
producer of energy from renewable sources, through its subsidiary
ERG Power Generation, announced today that they have signed a
fifteen-year Power Purchase Agreement (PPA) for the supply of
renewable energy to its operations in Italy over the 2024-2038
timeframe. In Italy, ST operates two high-volume semiconductor
manufacturing sites in Agrate (near Milan) and Catania as well as
multiple R&D, design, and sales and marketing sites.
The agreement is based on the sale by ERG of approximately 250
GWh of renewable energy per year, equivalent to a total volume of
3.75 TWh over 15 years, produced by the Sicilian wind farms of
Camporeale near Palermo and Mineo-Militello-Vizzini near Catania.
Both are repowering projects – upgraded with state-of-the art
technologies for better efficiency and significantly higher power
generation with a total installed capacity of 151.4 MW.
Geoff West, EVP and Chief Procurement Officer,
STMicroelectronics, commented: “This agreement marks yet another
important step towards ST’s goal of becoming carbon neutral in its
operations (Scope 1 and 2 emissions, and partially scope 3) by
2027, including the sourcing of 100% renewable energy by 2027. PPAs
will play a major role in our transition. Starting in 2024, this
PPA with ERG will provide a significant level of renewable energy
for ST’s operations in Italy, which includes R&D, design, sales
and marketing and large-volume chip manufacturing.”
Paolo Merli, Chief Executive Officer of ERG commented: "We are
pleased with this agreement with STMicroelectronics, a leading
global technology operator committed, like ERG, to decarbonizing
the planet through the use of renewable energy in its industrial
processes. This agreement allows us to enhance, following the
Partinico-Monreale wind farm, two additional repowering projects
through energy sales mechanisms capable of stabilizing revenues, in
line with current market standards, ensuring the proper
remuneration of invested capital”.
More information about ST’s energy and climate change
commitments is available here.
STMicroelectronics was supported by its PPA advisory partners
act renewable GmbH, renewable energy consultancy to multinational
corporates, Pexapark AG, a renewables market intelligence, software
and advisory company, and Parola Associati, external legal
counsel.
About STMicroelectronicsAt ST, we are over
50,000 creators and makers of semiconductor technologies mastering
the semiconductor supply chain with state-of-the-art manufacturing
facilities. An integrated device manufacturer, we work with more
than 200,000 customers and thousands of partners to design and
build products, solutions, and ecosystems that address their
challenges and opportunities, and the need to support a more
sustainable world. Our technologies enable smarter mobility, more
efficient power and energy management, and the wide-scale
deployment of cloud-connected autonomous things. We are committed
to achieving our goal to become carbon neutral on scope 1 and 2 and
partially scope 3 by 2027. Further information can be found at
www.st.com.
For further information, please
contact:INVESTOR RELATIONS:Céline BerthierGroup VP,
Investor RelationsTel: +41.22.929.58.12celine.berthier@st.com
MEDIA RELATIONS:Alexis
Breton Corporate
External CommunicationsTel:
+33.6.59.16.79.08alexis.breton@st.com
About ERGERG is an industrial company that has
been operating in the energy market for over 80 years, 70 years out
of which in the oil sector supporting the development of the
Country. ERG has been able to anticipate the current global
decarbonisation process of the energy system through a complete
transformation of its business model and to face global energy
scenario challenges. It has completed the ecological transition by
abandoning the oil sector and acquiring a leading role in the
generation of electricity from renewable sources and natural gas in
about ten years. Today it is the leading Italian wind operator, in
the top ten European wind producers and among the top six
photovoltaic operators in Italy.
For further information, please contact:
Emanuela Delucchi- Chief ESG, IR & Communication
Officere-mail: edelucchi@erg.eu - ir@erg.eu
Anna Cavallarin- Head of External Communicationmobile + 39
3393985139 e-mail: acavallarin@erg.eu
Matteo Bagnara- Head of IRe-mail: ir@erg.eu
www.erg.eu - @ergnow
- C3215C -- ST ERG PPA_FINAL FOR PUBLICATION
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