FORVIA accelerates on renewable energy

Corporate
Faurecia_Ballon
  • The company is expanding renewable electricity portfolio to reach net-zero CO2 emissions by 2045.
  • This new PPA will generate the equivalent of 210 GWh of renewable electricity per year.
  • Advised from Schneider Electric, FORVIA contracted with Octopus Renewables and Mirova to carry out this project.

Faurecia, a company of the group FORVIA, the world’s 7th largest automotive technology company, today announced the signing of a power purchase agreement (PPA) of Europe’s largest investors in renewable energy, Octopus Energy Generation and Mirova*, a management company dedicated to sustainable investment and an affiliate of Natixis Investment Managers. The installed capacity of the project reaches 85.8 megawatts (MW). The wind turbines are located in Alingsas, Sweden. This agreement will support FORVIA’s plan to reach net-zero CO2 emissions by 2045.

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