Volvo Group Signs Agreement with Vattenfall to Secure Long-Term Renewable Electricity for its Operations

This partnership with Vattenfall is a step forward in the Group’s commitment to reach a net-zero greenhouse gas emissions (GHG) value chain by 2040 and achieve the aims of the Paris Climate Agreement.

Containing 21 wind turbines with associated facilities, construction of the Bruzaholm wind park is scheduled to start in summer 2023 and to be ready for commission by the autumn of 2025 when the agreement begins. 

“This partnership marks an additional step in continuously reducing the environmental impact from our own industrial activities. The agreement signals our commitment to prioritize low-carbon investments, source renewable energy, and take climate action across everything we do.” says Martin Lundstedt, President and CEO of Volvo Group.

“The industry's energy transition is taking place here and now – the key to success is collaboration, no one can tackle the challenge completely on their own. Today's agreement is an example of how Volvo Group has chosen to be at the forefront of its electrification and climate work. We are pleased to be able to support them on their journey. By expanding fossil-free energy sources, collaborating to electrify processes that are currently based on fossil fuels, using our fossil-free electricity and developing charging infrastructure, we can contribute to the phasing out of fossil fuels in the entire transport sector,” says Vattenfall’s CEO and President Anna Borg.