RWE Supply & Trading will source electricity from Germany’s largest subsidy-free solar park from 2022 onwards and supply it to automaker VW.
The solar plant, operated by German asset manager Luxcara in Tramm-Gothen, is scheduled for completion by the end of 2021.
The 10-year power purchase agreement is one of the largest in Germany, covering an annual volume of up to 170 gigawatt hours.
The solar park in Mecklenburg is part of Luxcara’s Europe-wide renewables portfolio of over 3GW.
The collaboration between RWE and VW also extends to further projects, which are in the planning stage at RWE.
“By entering into this agreement we are backing VW’s ambitious climate protection programme. As globally active energy trader, we offer customised solutions for the procurement of green electricity, from both our own and third-party plants”, said RWE Supply & Trading commercial asset optimisation chief operating officer Ulf Kerstin.
“RWE is also planning new renewable energy plants that will be implemented with the support of VW on the basis of long-term procurement agreements.”
RWE Renewables CEO Anja Dotzenrath added: “eMobility and renewables are two sides of the same coin. Without green electricity, there can be no sustainable transformation of the transport sector.
“By working with VW in this way, we can turn more green electricity projects into reality, and do an even better job of achieving our ambitious growth targets for renewables.”