The Germany electric company’s RWE Supply & Trading division will provide Bosch’s locations in the country with solar energy under a 16-year power buying contract. The electricity will be produced by 50MW of solar capability in Southern Germany, scheduled to embark online in the next year.
The Chief Commercial Officer for origination as well as gas supply at the RWE Supply & Trading, Andree Stracke, stated that they contribute to the execution of Bosch’s determined climate protection program with the agreement. He also claims that its German locations have been climate neutral ever since in the previous year. It targets accomplishing a similar feat for its global missions in the current year.
The engineer also has signed solar PPAs deals with Norwegian recyclables company Statkraft and Swedish power business Vattenfall with the trio contracts summing to the supply of 100 GWh annually of solar energy the engineer. The firm confirmed that the capacity volume secured would, under best solar generation conditions, provide enough clean power to energize Bosch’s Bamberg and Feuerbach, Homburg plants concurrently, for at most an hour.
The PPAs 12 to the 16-year contract signed by Bosch will reinstate a section of the green energy currently bought by the company from recyclable industries. The Statkraft agreement has already started, with power being provided since May.
About 50 solar industries at Bosch locations already offer about 60 GWh of the clean energy to the company that brags the most significant such system in Indian Automotive Industry, at Nashik. The company is preparing to produce 1.3 GWh annually from a PV scheme, which is scheduled for installation at its Hemaraj factory in Thailand this year as well as strategizes to hit 400 GWh annually of yearly onsite solar energy provided by 2030.
The tech brand and the engineer is also getting clean power from third parties such as latest three PPAs illustrate as well as already gets 80 percent of its power needs in Mexico from recyclables. Huge thanks to 15-year PPA with Enel, an Italian clean power related to the wind farm that generates 105 GWh annually.
Bosch also manages biomass and hydropower facilities and intents to integrate hydrogen for heat as well as power. In the previous year, the firm began using a model stationary fuel cell. It had expanded at its sites in Homburg and Bamberg, and the device currently covers the crest demand for electricity in the entire region.