RWE to Supply Green Electricity to Volkswagen
April 29 2021 - 4:06AM
Dow Jones News
By Giulia Petroni
RWE AG said Thursday that it has signed a 10-year power purchase
agreement to supply up to 170 gigawatt hours of green electricity
per year to Volkswagen AG for the electrification of its fleet.
The German energy company said it will source electricity from
asset manager Luxcara's solar plant in Germany, which should be
completed by the end of the year. Supply is scheduled to start in
2022.
RWE and Volkswagen are currently in talks over further purchase
agreements, according to the company.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
April 29, 2021 03:51 ET (07:51 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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