STMicroelectronics, a leading semiconductor company, and Centrica Energy Trading A/S have finalized a 10-year Power Purchase Agreement (PPA), effective from January 2025, for the supply of renewable energy to ST’s Italian operations. Centrica will sell approximately 61 GWh of renewable energy annually from a new solar farm in Italy to ST. This agreement ensures a significant renewable energy supply for ST’s operations in Italy, encompassing R&D, design, sales, marketing, and high-volume chip manufacturing across multiple sites, including Agrate and Catania.
New solar farm to power STMicroelectronics Italy
STMicroelectronics has secured a 10-year renewable energy deal with Centrica Energy Trading A/S. (Image Credit: Centrica).
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)