Arkema Signs 400-GWh Solar PPA in France

• French chemicals giant Arkema SA has signed a 20-year PPA with EDF Renewables for 400 GWh of solar-powered electricity yearly, securing 70% of Bostik's domestic electricity needs. It's part of Arkema's commitment to reduce CO2 emissions and support a more sustainable economy.

French chemicals company Arkema SA has signed a 20-year power purchase agreement (PPA) with EDF Renewables for 400 GWh of solar electricity a year. The PPA will secure 70% of the domestic electricity needs of Arkema's specialty adhesives subsidiary Bostik, namely its eight sites in France. The agreement is part of Arkema’s commitment to reduce its CO2 emissions in line with the 1.5°C trajectory by 2030, as well as to support Bostik’s efforts to reduce CO2 emissions from their activities. Additionally, the solar PPA backs the company’s vision of transitioning to a more environmentally friendly economy. Vincent Legros, executive vice president of the adhesive solutions segment (Bostik) expressed his enthusiasm towards the deal.

What Benefits Does Arkema's Solar PPA Offer?

• The solar PPA will cover 70% of domestic electricity needs of Arkema’s Bostik subsidiary
• The PPA will cover 400 GWh of solar electricity a year for a 20-year period
• The agreement is part of Arkema’s commitment to reduce their CO2 emissions in line with the 1.5°C trajectory by 2030
• The PPA will support Bostik’s efforts to reduce CO2 emissions
• The solar PPA will provide Arkema with access to clean, renewable energy
• The agreement will lower Arkema’s electricity costs over the long term
• The solar PPA is a crucial step for Arkema in transitioning to a more environmentally friendly economy