STMicroelectronics and Engie have entered a 21-year Power Purchase Agreement (PPA) to support STMicroelectronics’ carbon neutrality goals in Malaysia. The agreement will deliver 50 GWh of energy annually from a new solar farm in Bukit Kayu Hitam, Kedah, Malaysia, operated by BKH Solar Sdn Bhd—a partnership between Engie and Conextone Energy.
The project is expected to o commence in 2025, this agreement marks STMicroelectronics’ first PPA in Asia and supports its goal to achieve 100 per cent renewable energy (RE) by 2027. Engie has also secured multiple recent PPAs in the U.S.