French automotive technology company Faurecia, part of the Forvia Group, has signed a power purchase agreement (PPA) with Engie and EDP to install 100MW of solar power projects on-site at its sites in 22 countries by 2023.

The two French energy companies will install solar arrays at more than 150 locations.

They will sell the electricity generated to Faurecia for 15 years, which will be enough to meet 7% of its global electricity needs as the company aims to make industrial operations carbon-neutral by 2025, 10% of this total capacity. Nearly 30% will be installed by the end of 2022.

This article is organized by TrendForce New Energy Network