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Real-time Euronext Paris  -  10:42 2022-08-19 am EDT
136.88 EUR   +0.34%
08/11AIR LIQUIDE : Document AMF CP. 2022E857113
08/10AIR LIQUIDE : Document AMF CP. 2022E856972
07/31AIR LIQUIDE : Monthly statement on outstanding equity shares and voting rights
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Air Liquide Announces Renewable Energy Sourcing by Signing in the Netherlands the Group's Largest Long-Term Power Purchase Agreement

06/21/2022 | 02:45am EDT

Air Liquide has signed its biggest long-term Power Purchase Agreement (PPA) to date with approximately 115 MW of new offshore wind electricity, purchased to Vattenfall in the Netherlands. This PPA comes in addition to a previous agreement announced with Vattenfall in March 2021, expanding the long-term partnership between the two groups. 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.

Air Liquide has signed a 15 year contract starting in 2025 with Vattenfall, one of Europe's leading producers and retailers of electricity. The renewable energy will be generated by the Hollandse Kust Zuid (HKZ) subsidy-free, worldscale offshore wind farm under construction by Vattenfall off the Dutch coast. This agreement will enable Air Liquide to supply its current industrial and medical gas production assets in the Netherlands and more generally in Benelux with renewable energy.

It will also feed some of its large-scale decarbonization projects in the region and accompany the acceleration of its customers' demand growth for low-carbon gases. This agreement will allow Air Liquide to cover more than 30% of the Group's current electricity consumption in the Benelux. Over the contract duration, this will avoid the emission of up to 3.5 million tonnes of CO2, which is comparable to the emissions generated by over 150,000 Dutch households.

This contract will significantly expand Air Liquide's offer of low-carbon solutions at competitive prices and give customers the ability to add more renewable content in their end products.

© S&P Capital IQ 2022
All news about AIR LIQUIDE
08/11AIR LIQUIDE : Document AMF CP. 2022E857113
08/10AIR LIQUIDE : Document AMF CP. 2022E856972
07/31AIR LIQUIDE : Monthly statement on outstanding equity shares and voting rights
07/29AIR LIQUIDE(L) : Berenberg sticks Neutral
07/28AIR LIQUIDE(L) : Goldman Sachs maintains a Buy rating
07/28AIR LIQUIDE(L) : JP Morgan gives a Buy rating
07/28AIR LIQUIDE : First Half 2022 Financial Report
07/28AIR LIQUIDE(L) : JP Morgan reiterates its Buy rating
07/28AIR LIQUIDE(L) : UBS maintains a Buy rating
07/28AIR LIQUIDE(L) : Goldman Sachs reaffirms its Buy rating
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Analyst Recommendations on AIR LIQUIDE
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Sales 2022 28 913 M 29 308 M 29 308 M
Net income 2022 2 964 M 3 005 M 3 005 M
Net Debt 2022 10 954 M 11 103 M 11 103 M
P/E ratio 2022 24,3x
Yield 2022 2,13%
Capitalization 71 174 M 72 148 M 72 148 M
EV / Sales 2022 2,84x
EV / Sales 2023 2,77x
Nbr of Employees 66 400
Free-Float 96,7%
Duration : Period :
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Technical analysis trends AIR LIQUIDE
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 27
Last Close Price 136,42 €
Average target price 157,48 €
Spread / Average Target 15,4%
EPS Revisions
Managers and Directors
François Jackow Chief Executive Officer & Director
Jerome Jenamarie Pelletan Chief Financial Officer-Taiwan
Benoît Potier Chairman
Siân Herbert-Jones Independent Director
Annette Winkler Independent Director
Sector and Competitors