TOP STORIES

Statkraft signs PPA with German automotive firm Vitesco

RICHARD HEAP

March 20, 2024

Norwegian utility Statkraft has signed a three-year power purchase agreement to supply German e-mobility firm Vitesco Technologies with wind and solar power.

The company started supplying 17,300MWh of wind and 10,500MWh of solar power annually in January 2024, from the Ütze-Süd wind farm and Ihlenfeld solar farm respectively. Vitesco has used electricity exclusively from renewables since 2020.

Patrick Koch, head of Statkraft’s origination business in Germany, said: “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 of different sizes with renewable electricity.”

Anja Rivera de la Cruz, head of sustainability and security at Vitesco, said: “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 regionalisation of the purchased grid electricity from renewable sources.”

Read more