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    STM   NL0000226223

STMICROELECTRONICS N.V.

(STM)
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Press Release : STMicroelectronics' Bouskoura plant to use 50% of renewable energy sources by 2022

07/26/2021 | 09:00am EDT

PR NdegC3021C

STMicroelectronics' Bouskoura plant to use 50% of renewable energy sources by 2022

A project that advances STMicroelectronics' commitment to sourcing renewable energy and becoming carbon-neutral by 2027.

Geneva -- July 26, 2021 -- As part of its action plan to achieve carbon-neutrality by 2027, STMicroelectronics (NYSE:STM), a global leader serving customers across the spectrum of electronics applications, announced today that its Bouskoura site in Morocco will procure 50% of its energy from renewable sources by 2022 compared to 1 % in 2020.

STMicroelectronics has been present in Bouskoura for over 20 years with a back-end plant which employs 2,800 people. The site has developed several programs over the last few years to reduce its indirect greenhouse gas emissions (Scope 2) and augment the use of renewable energy sources:

   -- The purchase of electrical power generated by wind farm: the electricity 
      of 12 wind turbines produced by InnoVent in North Morocco will be fed 
      into Morocco's national power grid and then, purchased by ST. Located in 
      Oualidia - El Jadida in northwest Morocco, near the Atlantic Ocean, the 
      10-hectare wind farm built by InnoVent, a company specialized in the 
      development and operation of wind and solar farms in France and Africa, 
      started producing electricity on March 2021 and will reach its full 
      capacity of 36 MW at the end of the year. With annual output expected to 
      reach more than 80 gigawatt-hours of green energy, the wind farm should 
      contribute to reduce the Bouskoura facility's CO2 emissions by about 
      60,000 metric tons per year -- or the amount of carbon captured by 
      planting 1,100,000 trees. 
 
   -- Solar power generation. In December 2019, ST Bouskoura set up a solar 
      carport (250 parking places), with 2,400 solar panels providing peak 
      power of 672 kilowatts (kWp) and spanning some 4,000 square meters. With 
      annual production of more than 1 gigawatt-hour of photovoltaic energy, 
      this program reduces the site's annual CO2 emissions by nearly 740 metric 
      tons. The solar energy from this carport provides some of Bouskoura's own 
      power needs, to complement the power supplied by the wind farm. 
 
   -- Replacement of conventional light bulbs by LED lighting for the entire 
      site. Kicked off in September 2020, this program will reduce the site's 
      annual power consumption by 1.3 GWh. 

"Our electrical power purchases from the Oualidia wind farm complement our own generation of electricity by the solar carport, installed over a year ago," noted Fabrice Gomez, General Manager of STMicroelectronics Bouskoura. "We are proud to call on renewable and local energy sources to help the Company reach its goal of carbon neutrality, while also supporting the Moroccan government's commitment to the energy transition."

Rajita D'Souza, President, Human Resources and Corporate Social Responsibility at STMicroelectronics, added, "STMicroelectronics has committed to procuring 100% of its energy needs from renewable sources by 2027, thanks to a combination of on-site solar power installations and agreements to purchase green-certified renewable energies. The use of electricity from wind power at our Bouskoura plant in Morocco marks a major step forward for our Group and reflects a trend that will be strengthened over time and expanded to include several of our sites."

About STMicroelectronics

At ST, we are 46,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An independent device manufacturer, we work with more than 100,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of the Internet of Things and 5G technology. Further information can be found at https://www.globenewswire.com/Tracker?data=rC0kie88kCXPzb7hnOunC1Pcx5N_7G5VeMgzslSFmlLEKs3PkkdTw9ql09rNhYIHBjCrV2TlWbdfGUvP9526EA== www.st.com.

For further information, please contact:

INVESTOR RELATIONS:

Céline Berthier

Group VP, Investor Relations

Tel : +41.22.929.58.12

https://www.globenewswire.com/Tracker?data=kpquD5Pr1YCT0-o2L9wJDCpjVyWVR__vLMfU2KJwLhotGeXG6ahxujqaN83LKN3TtLVtb7zvZefeIRwpQZ7wb4MYyDYwtqg0QcEUJcKIeJk= Celine.berthier@st.com

MEDIA RELATIONS:

Alexis Breton

Corporate External Communications

Tel: + 33.6.59.16.79.08

https://www.globenewswire.com/Tracker?data=PqK741wuxIsZE8yHYTsoFioI8D3sf4eIXslWLl67Lag74MEnHzMGDzdufS1o4sMsHakcGFWnVzcCEcXfy2zn3areMfxwZ6VfNzjaTHjARUE= alexis.breton@st.com

Attachment

   -- C3021C - Bouskoura sustainability PR_FINAL FOR PUBLICATION 
      https://ml-eu.globenewswire.com/Resource/Download/77194223-20df-446c-9e56-d811c708179f 
 
 
 

(END) Dow Jones Newswires

July 26, 2021 09:00 ET (13:00 GMT)

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Financials (USD)
Sales 2021 12 533 M - -
Net income 2021 1 810 M - -
Net cash 2021 1 123 M - -
P/E ratio 2021 23,8x
Yield 2021 0,53%
Capitalization 43 082 M 43 131 M -
EV / Sales 2021 3,35x
EV / Sales 2022 3,05x
Nbr of Employees 46 016
Free-Float 71,8%
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Last Close Price 45,60 $
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Jean-Marc Chery President & Chief Executive Officer
Lorenzo Grandi Chief Financial Officer & President-Finance
Maurizio Tamagnini Chairman-Supervisory Board
Orio Bellezza President-Technology, Manufacturing & Quality
Philippe Dereeper Executive Secretary & Chief Compliance Officer
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