Alstom and Schneider Electric have signed a Power Purchase Agreement (PPA) focused on solar development in Spain.
The 160 GWh/year solar farm project will cover approximately the equivalent of 80% of Alstom's electricity consumption in Europe. The solar farm is expected to begin operations beginning in 2025, with the contract lasting 10 years.
The announcement comes soon after Alstom had its near-term emissions reduction targets validated by the Science Based Targets initiative (SBTi) as consistent with levels required to meet the goals of the Paris Agreement. The SBTi has validated the corporate greenhouse gas emissions reduction targets submitted by Alstom and confirmed that Alstom's scope 1 and 2 target ambition is in line with a 1.5-degree C trajectory.
