Volvo Group in deal to buy half of new Swedish wind farm’s power

SWEDISH manufacturer Volvo Group has signed a 10-year deal to buy half of the power produced by Sweden’s new Bruzaholm wind farm starting in 2025, the companies said on Tuesday (May 23).

Swedish state-owned energy company Vattenfall will start construction of the wind farm with a capacity of 140 MW will start this summer.

“The agreement signals our commitment to prioritise low-carbon investments, source renewable energy and take climate action across everything we do,” Volvo CEO Martin Lundstedt said in a statement.

Volvo Trucks, a unit of the group, plans for 50 per cent of its truck sales to be electric by 2030.

Vattenfall operates over 1,200 wind turbines with a capacity of over 4 GW in five European countries. REUTERS