Air Liquide to reach 70% renewable energy sourcing in Benelux with new large PPA

Air Liquide and Vattenfall, one of Europe’s leading producers and retailers of electricity, signed a new Power Purchase Agreement (PPA) for 115 MW of renewable installed power capacity. This second PPA of such scale in Benelux, significantly expands Air Liquide’s overall renewable power supply in the region. It reaffirms Air Liquide's commitment to lead the way in decarbonizing the European industry while lowering its own carbon footprint, in line with its Sustainable Development objectives.

Contracted over a 15-year period beginning in 2026, the PPA will bring overall renewable power capacity available to Air Liquide to around 270 MW in Benelux. This capacity will provide energy representing more than 70% of the Group's existing electricity consumption in Benelux. The new renewable energy will be generated by the Hollandse Kust Zuid (HKZ) subsidy-free, worldscale offshore wind farm by Vattenfall off the Dutch coast.

This PPA will support Air Liquide’s decarbonization of its industrial and medical activities in the region, and enable the Group’s customers to reduce the carbon content of their end products to foster a low-carbon economy in Europe. In all, the PPAs signed in the region will enable Air Liquide to reduce emissions related to power production of up to 8.5 million tonnes of CO2 over the duration of the contracts, which is comparable to the emissions generated by over 350,000 Dutch households.

Emilie Mouren-Renouard, Chief Executive Officer of the Europe Industries Hub, said:

This new large-scale PPA with Vattenfall marks an important milestone in securing renewable energy to enable Air Liquide to provide low-carbon solutions to its customers and support their decarbonisation efforts. In the context of an unprecedented transformation of the energy sector in Europe, Air Liquide is accelerating its commitment to take a leading role in the energy transition by supporting the development of renewable resources to foster a low-carbon economy in Europe, in line with its Sustainable Development objectives.