Volkswagen is investing in a new wind farm in Sweden, its largest renewable energy project to date
Volkswagen is pleased to be on an irreversible path to CO2 emissions and claims to be the first carmaker to support the expansion of renewable energy on an industrial scale. For this purpose, the German vehicle brand invested in a new wind farm in Sweden.
This new investment is just another step that the carmaker has taken in its ambitious journey to become completely carbon neutral by 2050. VW’s program is called “Way to Zero” and the carmaker claims that it plans to invest around 40 million euros (45 million dollars) in wind farms and solar power plants in Europe by 2025.
And speaking of photovoltaic systems, Volkswagen also announced that a new one in northeastern Germany (Tramm-Göte) is planned to go online in early 2022. It is a joint project between VW and the energy company REWE and consists of approximately 420,000 photovoltaic modules, ie. . the largest independent solar project in the country.
More green electricity projects will follow in the next three years, also in other European countries, such as Spain, the United Kingdom and Finland. Together, they will be able to generate about seven terawatt hours of electricity, which corresponds to the capacity of over 300 wind turbines, enough to cover the annual consumption of 600,000 households.
As explained by Andreas Walingen, Chief Strategy Officer for VW, the company’s focus is on investing in renewable energy, especially in areas where Volkswagen’s electric vehicles are popular with customers, which is why the car manufacturer’s share in the wind farm in Sweden was a logical step. The German car manufacturer is a leader in electric cars in Sweden, with a market share of 20 percent and 9,300 deliveries from January to November 2021.