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AIR LIQUIDE

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Air Liquide, TotalEnergies Sign PPA for Renewable Electricity in Belgium

07/26/2021 | 03:16am EDT

By Giulia Petroni

Air Liquide SA on Monday said that it signed a long-term power purchase agreement with TotalEnergies SE for a total capacity of 15 megawatts of offshore wind electricity in Belgium.

The French industrial-gas company said it will power part of its gas production assets in the country with the renewable energy TotalEnergies will supply from a wind farm located in the Belgian North Sea.

The contract, which started on June 1, lasts 15 years. Over the duration of the contract, the electricity generated is set to save up to 270,000 tons of carbon-dioxide emissions, according to Air Liquide.

The agreement was signed through TotalEnergies' energy supply affiliate in Belgium, Lampiris.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

07-26-21 0315ET

Stocks mentioned in the article
ChangeLast1st jan.
AIR LIQUIDE -0.65% 144.2 Real-time Quote.7.41%
TOTALENERGIES SE 0.16% 39.695 Real-time Quote.12.45%
WTI 0.93% 73.961 Delayed Quote.52.07%
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Analyst Recommendations on AIR LIQUIDE
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Financials
Sales 2021 21 849 M 25 602 M 25 602 M
Net income 2021 2 619 M 3 069 M 3 069 M
Net Debt 2021 11 078 M 12 981 M 12 981 M
P/E ratio 2021 25,8x
Yield 2021 2,05%
Capitalization 68 078 M 79 717 M 79 774 M
EV / Sales 2021 3,62x
EV / Sales 2022 3,43x
Nbr of Employees 64 500
Free-Float 97,0%
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Air Liquide Technical Analysis Chart | AI | FR0000120073 | MarketScreener
Technical analysis trends AIR LIQUIDE
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Mean consensus OUTPERFORM
Number of Analysts 28
Last Close Price 144,20 €
Average target price 158,99 €
Spread / Average Target 10,3%
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Managers and Directors
Benoţt Potier Chairman & Chief Executive Officer
Jerome Jenamarie Pelletan Chief Financial Officer
Jean-Paul Agon Lead Independent Director
SiÔn Herbert-Jones Independent Director
Sin Leng Low Independent Director
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