In times of volatile energy prices, Schaeffler are taking a further step towards making its production completely cli-mate-neutral by 2030 and found a more sustainable alternative energy, by securing long-term solar electricity with Stratkraft GmbH, a leading international producer in the field of renewable energies. The power purchase agreement (PPA) will run for ten years, starting in 2023. The supplied volume will correspond to 11 per cent of Schaeffler's total electricity requirements in Germany.
Andreas Schick, Chief Operating Officer at Schaeffler AG, says: "The supply agreement with Statkraft is a milestone for Schaeffler. It proves that we take sustainability seriously and, true to the motto 'Green Makes the Difference', are ac-tively committed to achieving a better and more sustainable future. Statkraft is a pioneer in the field of renewable energies and will prove a dependable partner to us in reducing greenhouse gas emissions across our network of plants. The power purchase agreement illustrates our holistic approach in the area of sustainability. Also, it secures the future green energy requirements for our German plants at calculable prices."
Schaeffler's commitment to sustainability corresponds with that of Dr Carsten, Senior Vice President of Trading & Origination at Statkraft, "We are very pleased to support Schaeffler AG's sustainability goals through this green power purchase agreement. Our core business is supplying industrial companies with customised, high-quality green power solutions. In addition, green power contracts are a real hedging alternative to conventional power supply contracts in times of high and highly volatile power prices."
To understand more about Schaeffler's power purchase agreement click here.
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