STMicro Goes Solar: 61 GWh Deal with Centrica

• STMicroelectronics partners with Centrica for solar power in Italy, continuing their commitment to sustainability and reducing carbon footprint.

Geneva-based chipmaker STMicroelectronics has signed a deal with Centrica Plc to purchase 61 GWh of solar power annually from a new solar farm in Italy. The electricity will be used to power STMicro's operations in Italy, including manufacturing sites, R&D facilities, and sales and marketing sites. The 10-year power purchase agreement is set to begin in January 2025.

This agreement with Centrica marks STMicro's second power offtake deal in Italy, following a previous agreement for wind power with Italian energy company ERG SpA. The move towards renewable energy sources reflects STMicro's commitment to sustainability and reducing its carbon footprint.

What is STMicroelectronics' latest renewable energy agreement in Italy?

• STMicroelectronics has signed a 10-year power purchase agreement with Centrica Plc to purchase 61 GWh of solar power annually from a new solar farm in Italy.
• The electricity will be used to power STMicro's operations in Italy, including manufacturing sites, R&D facilities, and sales and marketing sites.
• This agreement with Centrica is STMicro's second power offtake deal in Italy, following a previous agreement for wind power with Italian energy company ERG SpA.
• The move towards renewable energy sources reflects STMicro's commitment to sustainability and reducing its carbon footprint.