STMicroelectronics and ENGIE sign long-term agreement for the supply of electricity produced from renewable sources in Malaysia
November 07 2024 - 2:00AM
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 STMicroelectronicsAt 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 RELATIONSJérôme RamelEVP Corporate
Development & Integrated External CommunicationTel:
+41.22.929.59.20jerome.ramel@st.com
MEDIA RELATIONS:Alexis
Breton Corporate
External CommunicationsTel:
+33.6.59.16.79.08alexis.breton@st.com
About ENGIEENGIE 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 ChuaRegional Head of Marketing & Communications ENGIE
South East AsiaM: +65 9155 5600E: zann.chua@engie.com
Novell GohRegional Marketing & Communications ManagerENGIE
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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