STMicroelectronics And Centrica Energy Ink A Ten-Year Power Purchase Agreement For The Supply Of Renewable Energy To Its Operations In Italy
Portfolio Pulse from Benzinga Newsdesk
STMicroelectronics (STM) and Centrica Energy have signed a ten-year Power Purchase Agreement (PPA) for the supply of approximately 61 GWh of renewable energy annually from a new solar farm in Italy. This agreement aids STM's goal to become carbon neutral and source 100% renewable energy by 2027 for its operations, including two large-volume semiconductor manufacturing sites in Agrate and Catania, Italy.
April 11, 2024 | 7:20 am
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The ten-year renewable energy agreement with Centrica Energy supports STM's sustainability goals, ensuring a significant portion of its energy needs in Italy are met through renewable sources.
This agreement directly supports STM's sustainability and operational goals, likely improving its public and investor perception regarding environmental responsibility. The commitment to renewable energy can also potentially reduce operational costs over time, positively impacting its financial performance.
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