Volvo to Buy Wind Power From Vattenfall

by | 23. May 2023 - 10:30 | Economy

The Swedish carmaker will acquire 50 percent of the energy produced at the Bruzaholm wind park.

Volvo Group and Vattenfall, the largest producer of renewable electricity in Sweden, today announced a long-term agreement over the energy produced at the Bruzaholm wind park in the South of Sweden. The Swedish carmaker is committed to buying 50 percent of the renewable energy produced in the wind farm over a ten-year period starting in 2025, according to a joint press release. The generated power will be roughly 230GWh/year and set Volvo up to extend its push to incorporate renewable energy in its supply chain and its commitment to reach net-zero greenhouse gas emissions in its value chain by 2040.

Heavy Electric Trucks – Volvo as the Forerunner of the Industry

Additionally, Volvo has pledged to have 35 percent fully electric sales by 2035 and a zero-emission fleet by 2050. The company became the first manufacturer of heavy electric trucks in 2022 as a central element to reach these targets. However, these trucks do not only run on sustainable energy, Volvo also utilizes fossil-fuel-free steel in the production of the chassis, made with sustainable electricity and hydrogen.

Only on Monday Volvo Trucks, a subsidiary, made the announcement to have signed a letter of intent to sell 1,000 of these heavy electric trucks to Holcim, one of the world’s largest building solution providers. The Swiss company will replace 1,000 existing Volvo diesel trucks and thus save up to 50,000 tons of CO2 each year, according to its statement.

Photo: iStock/elxneize

Starting Soon: Rawmaterials Newsletter

Subscribe now and stay up to date!

Subscribe Now!
Stay up to date with our brand new newsletter.
By subscribing, you agree that the data you enter will be transmitted to our e-mail tool rapidmail.