Saint-Gobain inks Indian solar-wind PPA with Vibrant Energy

• Business renewable energy solutions supplier Vibrant Energy, a portfolio business of Macquarie's Green Investment Group (GIG), has struck an offer to provide the Indian facilities of France's Compagnie de Saint-Gobain SA with power from a 75-MW wind-solar complicated.

The long-lasting power purchase agreement (PPA) asks for the French building materials maker to receive continuous power materials from an unnamed hybrid power complicated, Vibrant Energy claimed on Wednesday. The Indian company did not specify the exact period of the offer.

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The agreed power shipments will originate from an Interstate Transmission System (ISTS) linked wind-solar hybrid project in Madhya Pradesh.

Courbevoie, France-based Saint-Gobain intends to lower its extent 1 as well as 2 discharges by 33% as well as make use of 100% renewable resource for its procedures by the end of the years. Its utmost goal is to become carbon neutral by 2050.

The French business estimates that the handle Vibrant Energy will enable it to cover 65% of the complete power consumption of its centers in India with renewable energy by the end of 2025.