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Vitesco Technologies has concluded the Power Purchase Agreement (PPA) with Statkraft for the supply of a total of around 83,000 MWh of electricity from solar and onshore wind power plants. The agreement allows Vitesco Technologies to cover a substantial share of electricity requirements for its German sites.
Vitesco Technologies is purchasing around 10,500 MWh of solar power and around 17,300 MWh of wind power from Statkraft to reach a total of approximately 83,000 MWh. Furthermore, Vitesco Technologies has been sourcing its grid electricity exclusively from renewable sources since 2020. Accordingly, the goal of achieving zero Scope 2 emissions through the company’s electricity consumption has been achieved. The agreement with Statkraft also secures the supply of electricity from renewable sources for the long term.
The solar power for Vitesco Technologies will come from the Ihlenfeld Solar Park in Neuenkirchen, Mecklenburg, and will contribute to its long-term financing. The PPA enables the economically viable operation of the Ütze-Süd Wind Farm in Lower Saxony, which produces wind power. Both of these projects are in the pre-planning stages. Subscribe to our renewable energy database to stay informed about these upcoming projects.
“The agreement with Statkraft is an important milestone for us on this path. It not only allows us to secure a climate-neutral electricity supply but also to promote its further expansion through stronger location-based regionalization of the purchased grid electricity from renewable sources,” said Anja Rivera de la Cruz, head of sustainability & security at Vitesco Technologies.
The agreement allows Vitesco Technologies to cover a substantial share of electricity requirements for its German sites. Since January, for a period of around three years, Vitesco Technologies has been purchasing around 10,500 MWh of solar power and around 17,300 MWh of wind power from Statkraft. This combination of complementary solar and wind generation profiles enables the company to meet a significant portion of the electricity requirements of its German sites.
The company's objective is to achieve net climate neutrality for its own operations by 2030 and net-zero greenhouse gas emissions along the entire value chain by 2040. The agreement with Statkraft is an important milestone on this path. It not only allows Vitesco Technologies to secure a climate-neutral electricity supply but also to promote its further expansion through stronger location-based regionalization of the purchased grid electricity from renewable sources.
Vitesco Technologies is a leading international developer and manufacturer of cutting-edge drive systems for sustainable mobility. The company was known as Continental Powertrain until the autumn of 2019. It was a business area of Continental AG until it became independent in September 2021.
The company is headquartered in Regensburg, Germany, and serves worldwide with about 38,000 employees. It develops devices for electric vehicles as well as internal combustion engines. Its product portfolio includes electric drives, electronic control units, sensors and actuators, as well as exhaust management devices.
Vitesco Technologies aims to develop innovative, efficient electrification technologies for all types of vehicles. Their portfolio includes 48-volt electrification solutions, electric drives, and power electronics for hybrid and battery-electric vehicles.
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