STM - Semiconductor Firm STMicroelectronics Pens Deal With ERG For Renewable Energy Supply In Italy | Benzinga
STMicroelectronics NV (NYSE: STM) inked a fifteen-year Power Purchase Agreement (PPA) with ERG for the supply of renewable energy to its operations in Italy during 2024-2038.
The company operates two high-volume semiconductor manufacturing sites in Agrate (near Milan) and Catania and multiple R&D, design, and sales and marketing sites in Italy.
The agreement is based on the sale by ERG of around 250 GWh of renewable energy annually, equivalent to a total volume of 3.75 TWh over 15 ...