Solvay to acquire all renewable energy certificates from 71.4 MW U.S. solar farm for 15 years
20 Mars 2017 - 06:00PM
Brussels, March 20, 2017
--- Solvay has agreed to buy all the renewable energy
certificates (RECs*) for 15 years from the largest solar farm yet
to be built in South Carolina (SC), United States, underscoring the
Group's global sustainability commitment.
The agreement with Moffett Solar
1, a subsidiary of Dominion Resources, Inc. contributes to Solvay's
objective to reduce the carbon intensity of its operations by 40
percent by 2025. It furthermore responds to growing customer demand
for products made using renewable energy.
The 71.4-megawatt "Solvay Solar Energy-Jasper County, SC"
solar farm will be about seven times the size of the next largest
solar installation currently in operation in South Carolina.
It is scheduled for completion by the end of 2017.
"This new
agreement will help us reduce our CO2 intensity, one of Solvay's
main sustainability goals. It enables development of additional
renewable energy capacity in a region where we have a significant
presence and allows us to better serve customer expectations
through sustainability," said Jean-Pierre Clamadieu, CEO of
Solvay.
In the southeast United States,
Solvay operates nine advanced materials and chemical
sites across three states. Solvay employs more than 6,700 people at
over 50 locations in North America as a whole.
*RECs are issued when one
megawatt-hour (MWh) of electricity is generated and delivered to
the electricity grid from a renewable energy resource.
Follow us on twitter
@SolvayGroup
Solvay is a multi-specialty
chemical company, committed to developing chemistry that addresses
key societal challenges. Solvay innovates and partners with
customers in diverse global end markets. Its products and solutions
are used in planes, cars, smart and medical devices, batteries, in
mineral and oil extraction, among many other applications promoting
sustainability. Its lightweighting materials enhance cleaner
mobility, its formulations optimize the use of resources and its
performance chemicals improve air and water quality. Solvay is
headquartered in Brussels with around 27,000 employees in 58
countries. Pro forma net sales were € 10.9 billion in
2016, with 90% from activities where Solvay ranks among the world's
top 3 leaders. Solvay SA (SOLB.BE) is listed on Euronext
Brussels and Paris (Bloomberg: SOLB.BB -
Reuters: SOLB.BR) and in the United States its shares (SOLVY)
are traded through a level-1 ADR program. |
Caroline Jacobs |
Kimberly Stewart |
Jodi Allen |
Geoffroy Raskin |
Bisser Alexandrov |
Media Relations |
Investor Relations |
Investor Relations |
Investor Relations |
Investor Relations |
+32 2 264 1530 |
+32 2 264 3694 |
+1 9733573283 |
+32 2 264 1540 |
+32 2 264 3687 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
To read this release in
PDF
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Solvay S.A. via Globenewswire
Solvay (EU:SOLB)
Graphique Historique de l'Action
De Fév 2024 à Mar 2024
Solvay (EU:SOLB)
Graphique Historique de l'Action
De Mar 2023 à Mar 2024