Schneider Electric commits to 100% renewable electricity by 2030
By Ellen Cools
December 13, 2017 — Schneider Electric has committed to sourcing 100% renewable electricity and is doubling its energy productivity, the company syas.
Schneider Electric has joined two global initiatives led by The Climate Group. One initiative is RE100: to use 100% renewable electricity by 2030 with an intermediary objective of 80% by 2020. The other initiative is 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.
The company says these commitments will cover more than 1,000 electricity-consuming sites around the world, including 200 factories.
The transition to 100% renewable electricity will be driven through three levers, says Schneider Electric:
• On-site renewable energy projects at Schneider Electric facilities around the world
• Offsite long-term procurement through Power Purchase Agreements (PPAs)
• Energy Attribute Certificates (EACs) and green tariffs: Schneider Electric will use EACs as a way to acquire and track renewable electricity
“The commitments we have made today in joining RE100 and EP100 to source 100% renewable electricity and reflect on the doubling of our energy productivity are a demonstration of how consumers and business can be empowered to ensure the affordability, resilience, sustainability and security of the energy that they consume,” said Emmanuel Lagarrigue, Chief Strategy Officer and executive vice president, Schneider Electric.