Air Liquide Inks First Renewable Power Deal in China
L'Air Liquide S.A.
Air Liquide has secured a groundbreaking Power Purchase Agreement (PPA) in China, signing with China Three Gorges Renewables and China Three Gorges Corporation Jiangsu Branch, both subsidiaries of China Three Gorges.
The agreement enables Air Liquide to procure 200 MW of renewable power annually, marking its first long-term PPA in China. This significant development underscores Air Liquide's commitment to driving the energy transition and reducing its carbon footprint as part of its ADVANCE strategic programme.
The renewable electricity will originate from solar and wind farms situated in Jiangsu, the primary province for Air Liquide in terms of electricity consumption. By leveraging this clean energy, Air Liquide expects to decrease CO2 emissions by up to 120,000 tonnes per year, the equivalent of the electricity-related emissions of over 300,000 Chinese households.
Furthermore, renewable electricity will be instrumental in the production of industrial and medical gases in China. Commencing in January 2024, this agreement empowers Air Liquide to manufacture gases with a reduced carbon footprint at competitive rates while also enabling customers to incorporate more renewable content into their final products.
Francois Abrial, a member of Air Liquide Group's Executive Committee overseeing Asia Pacific, expressed the significance of this landmark agreement. Being Air Liquide's first long-term PPA for renewable electricity in China, it represents a major stride towards decarbonising the company's operations and achieving carbon neutrality.
Abrial highlighted how this initiative aligns with their ADVANCE strategic plan, which intertwines financial and non-financial performance objectives while satisfying the escalating demand for cost-effective, low-carbon solutions from their customers.
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Source: Air Liquide
