Schaeffler signs PPA for wind power in Germany

Wind Industry Profile of

Schaeffler concludes offtake agreement with Statkraft Markets GmbH / Supply contract for the purchase of wind energy begins in 2024 and covers around eight percent of the electricity demand in Germany / Power purchase agreement increases planning security and independence from volatile electricity market

Automotive and industrial supplier Schaeffler will purchase electricity from wind turbines in the long term from Statkraft Markets GmbH, a leading international producer in the field of renewable energies. The plants, commissioned in October 2022 in Staufenberg, Hesse (Giessen district), will provide green electricity with a total capacity of around 18 megawatts for five years. Since 2020, 100 percent of the electricity purchased in Germany has come from renewable sources.... ... More: Official Press Release Schaeffler AG

Keywords:

Schaeffler, green, electricity, PPA, Germany, Statkraft Markets, power, wind farm, solar