- Imerys and ENGIE have signed a 10-year virtual Power Purchase Agreement (vPPA) for the supply of 2 TWh of renewable electricity.
- This initiative will result in a reduction of Imerys Group’s Scope 2 GreenHouse Gas (GHG) emissions in the region by 2028 by approximately 35 per cent per year.
Imerys, the world leader in mineral-based specialty solutions, and ENGIE, a global leader in low-carbon energy and services, have signed a 10-year virtual Power Purchase Agreement (vPPA) for the supply of 2 TWh of renewable electricity in Spain.
This agreement represents an important step in Imerys’ sustainability ambitions, builds on the company’s global renewable energy portfolio, and reinforces ENGIE’s commitment to support Europe’s energy transition and industrial decarbonisation.
ENGIE will develop and operate three new solar farms in Spain, which are scheduled to be commissioned between the end of 2026 and early 2027.
Once operational, this 10-year agreement will cover 24 per cent of Imerys’ operations annual electricity needs in Continental Europe with renewable sources, enabling a reduction of 70,000 tons of CO2 equivalent per year.
This initiative will result in a reduction of Imerys Group’s Scope 2 GreenHouse Gas (GHG) emissions in the region by 2028 by approximately 35 per cent per year.
“This agreement represents a significant milestone in our European decarbonisation roadmap and demonstrates our determination to scale up renewable energy sourcing across our operations. By leveraging ENGIE‘s expertise, we are not only accelerating our progress toward our global target to reduce greenhouse gas emissions by 42 per cent by 2030 in line with the 1.5°C trajectory, but we are also supporting our customers in reaching their own decarbonisation targets,” said Leah Wilson, Chief Sustainability Officer at Imerys.
Leveraging its unique integrated model, ENGIE was able to deliver a seamless and impactful solution for Imerys, from solar asset development to energy management and the structuring of a tailored virtual Power Purchase Agreement (vPPA), all aligned with Imerys’ long-term decarbonisation strategy.
“Partnering with Imerys on this ambitious project reinforces our shared commitment to making industrial decarbonisation in Europe a reality,” said Jean-Nicolas Lejeune, Managing Director of ENGIE Supply & Energy Management activities in Iberia. “Our ability to combine asset development with energy market expertise and customised contract structuring is what sets ENGIE apart in the industrial energy transition.”
This agreement marks another milestone and adds to Imerys’ growing portfolio of renewable energy purchase agreements with suppliers worldwide.
It follows the recent signing of a 15-year vPPA in the United States, which will supply 30 per cent of the company’s electricity needs in the region.
Solar farms have already been commissioned on Imerys’ sites in the UK, Bahrain, Malaysia, and China, with further installations underway in India, South Africa, California, and Belgium.
For its part, ENGIE has signed over 85 Power Purchase Agreements (PPAs) in 2024, representing a total of 4.3 GW. This milestone and this deal reflect the Group’s commitment to accelerating the energy transition and supporting its clients in achieving their sustainability goals.
Currently, ENGIE is deploying an average of 7 GW of renewable and storage capacity annually. This pace of development is aligned with the Group’s ambition to reach 95 GW of installed capacity by 2030, contributing significantly to an affordable, cleaner and more resilient energy future.