Schaeffler has announced it 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 last year in Staufenberg, Hesse (Giessen district), will provide green electricity with a total capacity of around 18 megawatts for five years.

Since 2020, 100 per cent of the electricity purchased in Germany has come from renewable sources. Starting in 2024, the power purchase agreement (PPA) with Statkraft will perspectively cover eight per cent of Schaeffler’s electricity needs in Germany. Schaeffler concluded a PPA with Statkraft back in September and has been sourcing 11 per cent of its electricity requirements in Germany from two photovoltaic parks since the beginning of the year. In addition, Schaeffler acquired a photovoltaic park in December 2022 from BayWa r.e. AG in Kammerstein, Franconia, with a total peak capacity of 9.9 megawatts.

“As a company with many production sites, Schaeffler is increasing its planning security for the procurement of green power by entering into power purchase agreements with reliable partners such as Statkraft, thereby making itself less dependent on the volatile electricity market,” said Andreas Schick, Executive Board member responsible for Production, Supply Chain Management, and Purchasing at Schaeffler AG.

“Through cooperations and our own sustainability activities, we are strengthening Schaeffler’s production network in the long term and confirming our commitment to achieving climate-neutral production by 2030.”

By 2040, Schaeffler Group said it will have achieved climate neutrality for its own production and the supply chain. Arranging the direct purchase of wind power from Statkraft complements the existing portfolio of measures focused on renewable energies. All European production sites have been sourcing electricity exclusively from renewable sources since 2021 and all Chinese sites since 2022. In addition, Schaeffler is expanding its own renewable energy generation at multiple sites.