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Edison Energy Advises Saint-Gobain North America on Largest Renewable Deal in Company History

Edison Energy is excited to congratulate Saint-Gobain North America (Saint-Gobain) on its investment in renewable energy and CO2 emissions reduction. Announced today, the virtual Power Purchase Agreement (vPPA) is the largest renewable energy deal signed in the company’s 354-year history.

Edison is pleased to have helped Saint-Gobain, one of the world’s largest building materials companies and manufacturer of innovative material solutions, significantly reduce its greenhouse gas (GHG) emissions by consulting on a 120 MW vPPA with Blooming Grove Wind Farm.

Blooming Grove Wind Farm located in McLean County, Illinois, is currently under construction and is slated for operation in late 2020. The vPPA allows Saint-Gobain to purchase enough wind energy and renewable energy certificates (RECs) to offset CO2 emissions from electricity in the U.S. by 40%.  This will reduce the company’s overall carbon footprint in the U.S. by 21%, making significant progress towards the company’s 2050 net-zero carbon goal. The deal positions Saint-Gobain among an elite group of companies in its industry who have committed to supporting a more sustainable future.

“Edison Energy is proud to partner with such a leading organization as Saint-Gobain in helping them structure and implement an innovative renewable energy PPA in support of their ambitious climate commitments,” said Oded Rhone, Chief Executive Officer of Edison Energy.

 


 

For more information on Saint-Gobain North America’s announcement, click here.

 


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