STMicroelectronics and ENGIE sign long-term agreement for the supply of electricity produced from renewable sources in Malaysia
07 November 2024 - 7:00PM
UK Regulatory
STMicroelectronics and ENGIE sign long-term agreement for the
supply of electricity produced from renewable sources in Malaysia
STMicroelectronics and ENGIE sign
long-term agreement for the supply of electricity produced from
renewable sources in Malaysia
- 21-year contract for energy produced by a new solar farm in
Malaysia, where ST operates a large-volume test & assembly
site.
- PPA will support the 2027 carbon neutrality and 100%
renewable energy sourcing targets of ST.
Geneva (Switzerland) and Kuala Lumpur
(Malaysia) – November 7, 2024 -- STMicroelectronics (NYSE:
STM), a global semiconductor leader serving customers across the
spectrum of electronics applications, announced today a 21-year
Power Purchase Agreement (PPA) with BKH Solar Sdn Bhd, an entity
jointly established by ENGIE Renewable SEA Pte Ltd (ENGIE), a
renowned global leader in low-carbon energy and services, and
Conextone Energy Sdn Bhd, a rapidly emerging solar energy developer
in Malaysia. The agreement will facilitate the supply of
approximately 50 GWh of renewable energy annually from a new solar
farm in Bukit Kayu Hitam, Kedah, Malaysia. This long-term agreement
is undertaken under the Corporate Green Power Program introduced by
the Malaysian Single Buyer in 2023.
Geoff West, EVP and Chief Procurement Officer,
STMicroelectronics, commented: “This long-term power purchasing
agreement in Malaysia, ST’s first one in Asia, 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 2025, this
PPA with ENGIE will provide a significant level of renewable energy
for ST’s operations in our high-volume test and assembly site in
Muar, Johor, Malaysia.”
Amit Jain, Managing Director India & Southeast Asia, ENGIE,
commented: “ENGIE is delighted to join forces with
STMicroelectronics in the global transition towards sustainable
energy solutions. By supplying approximately 50 GWh of renewable
energy annually from our new solar PV 30 MW project in Malaysia, we
are proudly contributing to ST's transition towards 100% renewable
sourcing. This partnership with ST demonstrates our commitment to
providing green, clean and reliable energy to our
clients.”
ST’s high-volume test and assembly site located in Muar, Johor,
has over 4,700 employees supporting multiple technologies and
products, including high reliability applications for automotive
customers. ST also operates support functions out of Penang and
Kuala Lumpur.
More information about ST’s energy and climate change
commitments is available here.
About STMicroelectronics
At 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
Jérôme Ramel
EVP Corporate Development & Integrated External
Communication
Tel: +41.22.929.59.20
jerome.ramel@st.com
MEDIA RELATIONS:
Alexis Breton
Corporate External Communications
Tel: +33.6.59.16.79.08
alexis.breton@st.com
About ENGIE
ENGIE is a global reference in low-carbon energy and services. With
its 97,000 employees, clients, partners and stakeholders, the Group
strives every day to accelerate the transition towards a
carbon-neutral economy, through reduced energy consumption and more
environmentally friendly solutions. Inspired by its purpose
statement, ENGIE reconciles economic performance with a positive
impact on people and the planet, building on its key businesses
(gas, renewable energy, services) to offer competitive solutions to
its clients.
Turnover in 2023: €82.6 billion. The Group is listed on the
Paris and Brussels stock exchanges (ENGI) and is represented in the
main financial indices (CAC 40, Euronext 100, FTSE Euro 100, MSCI
Europe) and non-financial indices (DJSI World, Euronext Vigeo Eiris
- Europe 120 / France 20, MSCI EMU ESG screened, MSCI EUROPE ESG
Universal Select, Stoxx Europe 600 ESG-X).
ENGIE South East Asia - Media Contacts:
Zann Chua
Regional Head of Marketing & Communications
ENGIE South East Asia
M: +65 9155 5600
E: zann.chua@engie.com
Novell Goh
Regional Marketing & Communications Manager
ENGIE South East Asia
M:+65 9365 0339
E: novell.goh@engie.com
- C3291C -- Nov 7 2024 -- ST _ENGIE PPA Malaysia_FINAL FOR
PUBLICATION_UPDATED
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