Faurecia Partners With Schneider to Purchase Offsite Renewable Electricity
Published 04-14-21
Faurecia, one of the world’s leading automotive technology companies, announced that it has signed an exclusive advisory contract with Schneider Electric to procure offsite renewable electricity as part of its CO2 neutral program. Under the agreement, Faurecia will benefit from Schneider Electric’s support in the development and deployment of competitive processes for power purchase agreement sourcing to cover all Faurecia sites in Europe, North America, China and Brazil.
Faurecia intends to procure 1,200 GWh/y of offsite renewable electricity through development partners, representing 90% of its global consumption, in compliance with the most stringent industry standards for CO2 emissions calculation (including the WRI, CDP, SBTi, and RE100).
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