Potential offtaker

Saipem S.p.A.

www.saipem.it

Estimated electricity consumption

N/A

Countries of production presence

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Saipem SPA is an Italian multinational company that operates in the drilling and drilling support sector. The company was founded in 1957 and has since grown to become one of the leading players in the oil and gas industry. Saipem is headquartered in Milan, Italy, and has operations in over 60 countries worldwide. The company has a workforce of over 32,000 employees and reported revenue of €9.1 billion in 2020.

Saipem is committed to decarbonisation and reducing its carbon footprint. The company has set ambitious targets to reduce its greenhouse gas emissions by 50% by 2030 and achieve net-zero emissions by 2050. Saipem is actively pursuing a range of initiatives to achieve these goals, including investing in renewable energy and developing new technologies to reduce emissions from its operations.

Saipem has a strong focus on corporate energy and has implemented a range of measures to improve energy efficiency and reduce its energy consumption. The company has invested in renewable energy sources such as solar and wind power, and has also implemented energy-saving measures such as LED lighting and energy-efficient HVAC systems. Saipem has also implemented a range of measures to reduce its energy consumption, including the use of energy-efficient equipment and the implementation of energy management systems.

Saipem has also implemented a corporate power purchase agreement (PPA) to support its renewable energy goals. The company has signed a PPA with Enel Green Power to purchase renewable energy from a wind farm in Italy. The PPA will provide Saipem with a reliable and cost-effective source of renewable energy, while also supporting the development of new renewable energy projects.

Saipem is also actively involved in the development of renewable energy projects. The company has a dedicated renewable energy division that is focused on developing new renewable energy projects, including wind, solar, and hydroelectric power. Saipem has also invested in research and development to develop new technologies to improve the efficiency and reliability of renewable energy systems.

Saipem's commitment to decarbonisation and renewable energy is reflected in its business strategy. The company is focused on developing new technologies and solutions that will enable it to reduce its carbon footprint and support the transition to a low-carbon economy. Saipem is also committed to working with its customers and partners to develop sustainable solutions that will support the decarbonisation of the energy sector.

In conclusion, Saipem SPA is a leading player in the drilling and drilling support sector, with a strong focus on decarbonisation and renewable energy. The company is committed to reducing its carbon footprint and has set ambitious targets to achieve net-zero emissions by 2050. Saipem has implemented a range of measures to improve energy efficiency and reduce its energy consumption, and has also invested in renewable energy sources such as solar and wind power. The company has also implemented a corporate PPA to support its renewable energy goals and is actively involved in the development of new renewable energy projects. Saipem's commitment to decarbonisation and renewable energy is reflected in its business strategy, and the company is well-positioned to support the transition to a low-carbon economy.

✓ Declared Net Zero commitment