Forvia boosts renewable energy capacity to up to 70 percent across Europe with Renewable Power Capital deal
Faurecia, a company of the group FORVIA, the global 7th largest automotive supplier, continues to implement its decarbonization roadmap by signing a ten-year Power Purchase Agreement (PPA) with Renewable Power Capital.
This deal is securing almost all the output from the 417 GWh, 24 wind turbines, Klevberget onshore farm in Sweden and will generate the equivalent of more than 40 percent of all FORVIA’s European yearly electric consumption.
Building on existing deals, up to 70 percent of FORVIA’s consumption – 650 GWh – will be powered by renewable electricity thanks to a portfolio of 37 wind turbines. In addition to this capacity, 130 hectares of solar panels are being installed at more than 150 Faurecia sites, which provides up to 5 percent of its renewable energy mix.
RPC’s Klevberget onshore wind farm is located near Sundsvall, in the Västernorrland County of Sweden. The project is currently in construction, with commercial operations expected in November 2023.
Schneider Electric advised FORVIA in the selection of the project and negotiations.
“FORVIA is the first automotive company with a net zero target approved by the Science Based Targets initiative (SBTi). Maximising renewable energy purchased is one of the key priorities of our roadmap to net-zero ambition. This new PPA signed in 2022 will allow FORVIA to cover more than 70 percent of its needs in Europe from the end of 2023. We are proud to team-up with leaders in sustainable energy and develop additional best-in-class wind power farms to produce clean energy in a such short period of time. We thus prove together that protecting the climate is a shared desire of all the actors of this deal,” said Rémi Daudin, Sustainable transformation VP at FORVIA.