Linde inks term contract for annual purchase of 320 GWh renewable power in China
04 Feb 2024
Linde, a leading global industrial gases and engineering company, has announced the signing of two new long-term power purchase agreements for the supply of renewable energy in China.
Linde said it has signed separate 25-year agreements with Guangdong Energy Group (GEG) and China Three Gorges Corporation (CTG) for a total of 320 gigawatt hours per year of renewable energy. Renewable power will be supplied from plants located in Guangdong and Jiangsu provinces beginning the first quarter of 2024.
The renewable power purchase agreements with Chinese companies will support Linde’s move towards its science-based absolute greenhouse gas reduction target for 2035 and its 2050 climate neutrality ambition, says a company release.
Besides helping to meet Linde’s decarbonisation goals, the agreement will also support its customers decarbonise their processes by using industrial gases with a lower carbon footprint. According to Linde its solutions, technologies and services are helping customers avoid more than two times the emissions generated by Linde’s own operations.
“These agreements take us another step towards our 2035 emissions reduction target and enable us to supply industrial gases with a lower carbon intensity to our customers in China at a competitive price,” said Will Li, president of Linde Greater China,. “They are central to two important objectives for the company: helping our customers to decarbonise and reducing Linde’s own emissions.”
Linde, a global provider of industrial gases and engineering services for a variety of end markets such as chemicals and energy, food and beverage, electronics, healthcare, manufacturing, metals and mining, reported 2022 sales of $33 billion.
Linde's industrial gases and technologies are used in a variety of applications, including production of clean hydrogen and carbon capture systems critical to the energy transition, life-saving medical oxygen and high-purity and specialty gases for electronics.
