STMicro: green electricity purchase agreement with ERG

(CercleFinance.com) - STMicroelectronics and ERG, one of Europe's leading independent producers of renewable energy through its subsidiary ERG Power Generation, today announced the signature of a power purchase agreement to supply STMicro's operations in Italy.


The agreement covers the sale by ERG of around 250 GWh of renewable energy per year, representing a total volume of 3.75 TWh over 15 years (2024-2038).

In Italy, ST operates two high-volume semiconductor manufacturing plants in Agrate (near Milan) and Catania (Sicily), as well as several R&D, design, sales and marketing sites.

The energy in question will be generated by the Camporeale (near Palermo) and Mineo-Militello-Vizzini (near Catania) wind farms in Sicily.

These are two 'repowering' projects, with the installation of the latest technologies enabling greater efficiency and significantly higher electricity production, for a total installed capacity of 151.4 MW, according to the press release issued by STMicro.


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