STMicroelectronics, ERG sign fifteen-year Power Purchase Agreement

STMicroelectronics and ERG announced that they have signed a fifteen-year Power Purchase Agreement for the supply of renewable energy to its operations in Italy over the 2024-2038 timeframe. In Italy, ST operates two high-volume semiconductor manufacturing sites in Agrate and Catania as well as multiple R&D, design, and sales and marketing sites. The agreement is based on the sale by ERG of approximately 250 GWh of renewable energy per year, equivalent to a total volume of 3.75 TWh over 15 years, produced by the Sicilian wind farms of Camporeale near Palermo and Mineo-Militello-Vizzini near Catania. Both are repowering projects – upgraded with state-of-the art technologies for better efficiency and significantly higher power generation with a total installed capacity of 151.4 MW.