Volvo Group in deal to buy half of new Swedish wind farm’s power
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Loyang Valley sold for S$880 million to SingHaiyi-led consortium
