Air Liquide (Paris:AI) has recently announced the signing of a pioneering long-term Virtual Power Purchase Agreement (VPPA) with Statkraft, Europe’s leading provider of renewable energy. This groundbreaking agreement reflects Air Liquide’s commitment to financial innovation as it strives to contribute to its decarbonization and sustainability strategy.
A Key Lever in Air Liquide’s ADVANCE Strategic Plan
Leveraging Power Purchase Agreements to source renewable energies is one of the core strategies employed by Air Liquide to achieve its ADVANCE strategic plan objectives. By targeting a remarkable 33% reduction in scope 1 & 2 of its absolute CO(2) emissions by 2035 and aiming for complete carbon neutrality by 2050, the company is firmly committed to sustainable practices.
Paving the Way for a Greener Future
Under this new agreement, Air Liquide will receive renewable energy certificates from Polish wind farms, all of which are directly linked to the installation of newly developed renewable production capacity. In doing so, the company will effectively reduce its CO(2) emissions by an impressive 38,000 tonnes per year. Additionally, this initiative will enable Air Liquide’s customers in Poland to decarbonize their operations by utilizing industrial gases that boast a significantly lower carbon footprint. Furthermore, this partnership aligns with Poland’s ambition to achieve a minimum of 23% renewable energy consumption by 2030.
The Virtual PPA Advantage
Introducing the concept of a Virtual Power Purchase Agreement (also known as a Financial PPA), this innovative transaction allows for the exchange of a fixed-price arrangement coupled with renewable energy certificates. This mutually beneficial contract appeals to renewable electricity producers and industrial consumers alike, providing long-term reliability and stability. While it ensures a steady level of income for the seller, the buyer gains transparency and confidence in managing their energy sourcing costs.
By forging this historic agreement, Air Liquide is at the forefront of pioneering sustainable practices within the energy sector. As the company continues to lead the way in decarbonization efforts, it sets a powerful example for others to follow in the pursuit of a greener and more sustainable future.
Air Liquide Signs First-of-its-Kind Financial PPA
Air Liquide, a world leader in gases, technologies, and services for Industry and Health, has achieved another milestone with the signing of a Financial Power Purchase Agreement (PPA). This groundbreaking agreement is one of many Corporate PPAs signed by Air Liquide across multiple regions, including Europe, the US, Asia, and Africa. The company’s Chief Financial Officer, Jérôme Pelletan, commends the commitment and innovation of all teams involved in meeting the company’s climate objectives. This success paves the way for more contracts of this nature in the future.
Air Liquide: A Leader in Industry and Health
With a presence in 73 countries and over 67,100 employees, Air Liquide serves more than 3.9 million customers and patients worldwide. The company’s core offerings are centered around three essential small molecules: oxygen, nitrogen, and hydrogen. These molecules form the backbone of Air Liquide’s activities since its inception in 1902.
Taking Action Today for a Sustainable Future
Air Liquide’s strategic plan for 2025, known as ADVANCE, embodies the company’s commitment to taking action while preparing for the future. This comprehensive plan focuses on achieving global performance by combining financial and extra-financial dimensions. By venturing into new markets and leveraging its resilient business model, innovative capabilities, and technological expertise, Air Liquide aims to contribute to the climate and energy transition, particularly through its work with hydrogen. The company also addresses critical areas such as healthcare, digitalization, and high technologies.
Impressive Financial Performance
In 2022, Air Liquide recorded revenues exceeding €29.9 billion—an impressive achievement that demonstrates its market strength. The company is listed on the Euronext Paris stock exchange (compartment A) and is included in prestigious indexes such as CAC 40, CAC 40 ESG, EURO STOXX 50, FTSE4Good, and DJSI Europe.
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Air Liquide Expands Global Communication Efforts
Air Liquide, a leading company in the gas industry, is taking significant steps to strengthen its global communication strategy. By targeting both the media and investors, the company aims to enhance transparency and ensure effective information dissemination.
Fostering Media Relations
Recognizing the influence of media on its reputation, Air Liquide has established a dedicated Corporate Communications department. This team, composed of seasoned professionals, will work closely with journalists and reporters to provide accurate and timely news updates.
Investor Relations Reinforcement
To bolster investor relations, Air Liquide has also formed an Investor Relations team. Committed to maintaining open and productive communication channels, this team is committed to addressing investor queries and concerns promptly.
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