Vitesco Technologies, a well-known e-mobility solutions provider, has inked a Power Purchase Agreement (PPA) with Statkraft, Europe’s largest producer of renewable energy. The PPA is for supplying around 83,000 MWh of electricity from solar and onshore wind power plants.
Vitesco Technologies has been purchasing around 10,500 MWh of solar power and around 17,300 MWh of wind power from Statkraft for the past three years to hit a target of approximately 83,000 MWh. Combining complementary solar and wind generation profiles allows Vitesco Technologies to cover the lion’s share of the electricity requirements of its German plants.
Since 2020, Vitesco Technologies has secured grid electricity exclusively from renewable sources. This has also helped the company to achieve zero Scope 2 emissions through the company’s electricity consumption. The agreement with Statkraft further solidifies the commitment to procuring electricity from renewable sources for the long term.
Vitesco Technologies will source solar power from the Ihlenfeld Solar Park in Neuenkirchen, Mecklenburg, contributing to its long-term financing. Wind power will be generated at the Ütze-Süd Wind Farm in Lower Saxony, facilitated by the PPA for economic operation.
“Our goal is to achieve net climate neutrality for our 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 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.
“Vitesco Technologies has very ambitious sustainability targets. We support these as an energy supplier by combining wind and solar power in line with demand. We adapt both the terms and volume of PPAs to the requirements of our industrial customers and can therefore flexibly supply companies with different energy demands with renewable power,” added Patrick Koch, Head of Statkraft’s origination business in Germany.
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