Vitesco Technologies secures 83,000 MWh of electricity from solar, onshore wind power plants

New Delhi: Germany-based Vitesco Technologies, an international provider of e-mobility solutions, on Wednesday said it has concluded a power purchase agreement (PPA) with Statkraft, Europe’s largest producer of renewable energy, for the supply of 83,000 MWh of electricity from solar and onshore wind power plants.

Since January and for a period of around three years, 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.

With this combination of complementary solar and wind generation profiles, the company can cover a significant share of the electricity requirements of its German sites.

The agreement with Statkraft secures the supply of electricity from renewable sources for the long term, said the official press release.

“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 and security at Vitesco Technologies.

The release added that 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 wind power is generated at the Ütze-Süd Wind Farm in Lower Saxony, the economic operation of which is made possible by the PPA.

"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," said Patrick Koch, Head of Statkraft's origination business in Germany.

In 2021, Vitesco Technologies generated sales of 8.3-billion-euro and is headquartered in Regensburg, Germany.