The Vitesco Technologies Group became part of the Schaeffler Group as of October 1, 2024, due to the merger of Vitesco Technologies Group AG into Schaeffler AG.

Please note: Legal or actual changes since October 1, 2024, are therefore no longer reflected in the content of the website.

As the website is no longer updated, we assume no liability for the content of this website, or the linked websites contained therein. The operators of the linked sites are solely responsible for their content.

Irrespective of this, you can still find the current BPCoC and the General Terms and Conditions of Purchase at Vitesco Technologies - Suppliers (vitesco-technologies.com)

Under the following link you will find the current Schaeffler website:

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    • Power Purchase Agreement (PPA) with Statkraft: long-term supply of electricity from renewable sources
    • Agreement allows Vitesco Technologies to cover substantial share of electricity requirements for its German sites
    • Goal is for company’s operational activities to become net carbon-neutral by 2030

    Regensburg/Dusseldorf, March 19, 2024. Vitesco Technologies, a leading international provider of e-mobility solutions, has concluded a Power Purchase Agreement (PPA) with Statkraft, Europe’s largest producer of renewable energy, for the supply of a total of around 83,000 MWh of electricity from solar and onshore wind power plants. 

    Since January and for a period of around three years, Vitesco Technologies is purchasing around 10,500 MWh of solar power and around 17,300 MWh of wind power from Statkraft to reach a total of approximately 83,000 MWh. With this combination of complementary solar and wind generation profiles, Vitesco Technologies can cover a significant share of the electricity requirements of its German sites.  

    Vitesco Technologies has been sourcing its grid electricity exclusively from renewable sources since 2020. Accordingly, the goal of achieving zero Scope 2 emissions through the company’s own electricity consumption has been achieved. The agreement with Statkraft also secures the supply of electricity from renewable sources for the long term.

    The solar power for Vitesco Technologies will come from the Ihlenfeld Solar Park in Neuenkirchen, Mecklenburg, and will contribute to its long-term financing. The wind power is generated at the Ütze-Süd Wind Farm in Lower Saxony, the economic operation of which is made possible by the PPA.  

    "Vitesco Technologies has very ambitious sustainability targets. We support these as an energy supplier by combining wind and solar power in line with demand. We adapt both the terms and volume of PPAs to the requirements of our industrial customers and can therefore flexibly supply companies with different energy demands with renewable power," says Patrick Koch, Head of Statkraft's origination business in Germany. 

    The solar power for Vitesco Technologies provided by Statkraft comes from the Ihlenfeld Solar Park in Neuenkirchen, Mecklenburg, and contributes to its long-term financing.

    The solar power for Vitesco Technologies provided by Statkraft comes from the Ihlenfeld Solar Park in Neuenkirchen, Mecklenburg, and contributes to its long-term financing.
    Copyright: GP Joule

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