Covestro Signs Renewable-Energy Purchase Agreement With Engie
24 March 2021 - 11:35PM
Dow Jones News
By Cecilia Butini
German chemicals group Covestro AG said Wednesday that it has
entered into a power purchase agreement with French utility company
Engie SA for renewable energy at its operations in Belgium.
Engie will supply around 45% of the electricity demand of
Covestro in Antwerp from 15 wind turbines.
The agreement --the financial details of which weren't
disclosed-- covers a capacity of 39 megawatts and is set to reduce
Covestro's carbon footprint in Belgium by more than 38,500 metric
tons, the company said.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
March 24, 2021 08:20 ET (12:20 GMT)
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