Vitesco Technologies secures 83,000 MWh of electricity from solar

Hyderabad, twenty sixth April 2024: Vitesco Technologies, a number one worldwide supplier of e-mobility options, has concluded a Power Purchase Agreement (PPA) with Statkraft, Europe’s largest producer of renewable power, for the provision of a complete of round 83,000 MWh of electricity from solar and onshore wind energy vegetation.

Since January and for a interval of round three years, Vitesco Technologies is buying round 10,500 MWh of solar energy and round 17,300 MWh of wind energy from Statkraft to succeed in a complete of roughly 83,000 MWh. With this mixture of complementary solar and wind era profiles, Vitesco Technologies can cowl a big share of the electricity necessities of its German websites.

Vitesco Technologies has been sourcing its grid electricity solely from renewable sources since 2020. Accordingly, the objective of attaining zero Scope 2 emissions via the corporate’s personal electricity consumption has been achieved. The settlement with Statkraft additionally secures the provision of electricity from renewable sources for the long run.

“Our objective is to realize internet local weather neutrality for our personal operations by 2030 and net-zero greenhouse fuel emissions alongside your complete worth chain by 2040. The settlement with Statkraft is a crucial milestone for us on this path. It not solely permits us to safe a climate-neutral electricity provide, but in addition to advertise its additional enlargement via stronger location-based regionalization of the bought grid electricity from renewable sources,” explains Anja Rivera de la Cruz, head of Sustainability & Security at Vitesco Technologies.

The solar energy for Vitesco Technologies will come from the Ihlenfeld Solar Park in Neuenkirchen, Mecklenburg, and can contribute to its longterm financing. The wind energy is generated on the Ütze-Süd Wind Farm in Lower Saxony, the financial operation of which is made doable by the PPA.

“Vitesco Technologies has very formidable sustainability targets. We assist these as an power provider by combining wind and solar energy consistent with demand. We adapt each the phrases and quantity of PPAs to the necessities of our industrial clients and may due to this fact flexibly provide corporations with totally different power calls for with renewable energy,” says Patrick Koch, Head of Statkraft’s origination enterprise in Germany.