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Schneider makes renewable energy pledge

To deliver on its new promises and its sustained energy efficiency efforts, the company plans to leverage its own technical solutions

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Schneider will leverage a broad range of renewable energy sources to achieve its targets
Schneider will leverage a broad range of renewable energy sources to achieve its targets

Schneider Electric has committed to sourcing 100 per cent renewable electricity and to the doubling of its energy productivity, both by 2030.

 

The global energy management and automation specialist said it strongly believes it cannot go renewable without ensuring optimisation of its energy system first.

 

The company has also announced it has signed up to two global, collaborative initiatives, led by the Climate Group and bringing together influential businesses committed to accelerating climate action.

 

These are: RE100: to use 100 per cent renewable electricity by 2030 with an intermediary objective of 80 per cent by 2020; and EP100 to double energy productivity by 2030, against a 2005 baseline, setting a target to double the economic output from every unit of energy consumed.

 

“We are in a new world of energy that is becoming more electric, more decarbonised, more decentralised, and more digital,” said Emmanuel Lagarrigue, chief strategy officer and executive vice president. “Our mission at Schneider Electric is to supply the technologies that permit, drive and catalyse the transition to a new world of energy.”

 

Schneider Electric aims to drive its transition to 100 per cent renewable electricity through three levers which are:

  • On-site projects at Schneider Electric facilities around the world: with renewable energy initiatives, already in place at some Schneider Electric locations, such as a solar rooftop at its sites in Vadodara (India), Bangpoo (Thailand), or geothermal energy and a solar rooftop at its flagship office in France, among multiple others. Schneider Electric will install on-site renewable energy projects to help achieve its 2030 target. While on-site projects are expected to deliver a portion of its renewable electricity needs only, they will add to the company’s renewable energy capabilities, and act as a showcase for other organisations contemplating such options, together with energy efficiency enabling technologies
  • Offsite long-term procurement through power purchase agreements (PPAs): a PPA is a long-term (12-20 year) contract between a renewable energy developer and a dedicated, creditworthy buyer. PPAs enable developers to secure financing for new wind, solar or other renewable electricity projects and allow buyers to enjoy predictable pricing from clean energy source
  • Energy attribute certificates (EACs) and green tariffs: an EAC is a free market instrument which verifies that one megawatt hour of renewable electricity was generated and added to the grid from a green power source. Schneider Electric plans to use EACs as a flexible and fast way to acquire and track renewable electricity.

“These commitments will help [Schneider Electric] to deliver on its wider climate ambition to become carbon neutral by 2030,” added Helen Clarkson, chief executive officer at the Climate Group.

 

“Doubling energy productivity will help it to use energy as economically as possible while making the transition to renewables, which are themselves cost-competitive in many markets. I welcome the powerful signal [the company] is sending to peers, investors and governments, to accelerate the transition to a zero-emissions economy.”

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