![](/templates/proglobalmedia-main/images/globe-blue-whitebg.gif)
Insulation industry news from Global Insulation
Simest buys 44% Ediltec Croatia stake 21 September 2023
Croatia: Italy-based public-private investment company Simest has acquired a 44% stake in Ediltec Croatia for US$2.1m. SeeNews has reported that the new funds will go towards Ediltec Croatia’s construction of its planned 250,000m2/yr Lepoglava insulating panel plant.
North America: Saint-Gobain has signed a 100MW solar power purchase agreement (PPA), called Danish Fields, with TotalEnergies. The Danish Fields PPA will supply Saint-Gobain North America with solar energy for 15 years, commencing in 2024. Saint-Gobain says that it expects the PPA to eliminate 90,000t/yr of CO2 emissions across its operations. This is the group’s third deal of its kind.
Saint-Gobain North America CEO Mark Rayfield said “With this agreement, Saint-Gobain North America will further reduce its CO2 emissions, demonstrating how fast the manufacturing industry can transform when long term solutions are at hand. This renewable energy project is a new milestone on the way to meeting Saint-Gobain’s commitment to reduce Scope 1 and 2 CO2 emissions by 33% by 2030 compared to 2017, and to reach carbon neutrality by 2050.”