Volkswagen plans renewable investments in CO2 reduction push

Volkswagen plans renewable investments in CO2 reduction push - Copyright (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html

By Reuters

Published on 29/04/2021 - 23:00•Updated 25/04/2024 - 02:06

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FRANKFURT (Reuters) - Volkswagen plans to invest about 40 million euros ($48 million) in European wind and solar projects by 2025 as part of a push to become carbon neutral, the head of the group's namesake brand said on Thursday.

As part of the initiative, Volkswagen will team up with Germany's top utility RWE for a solar park in 2022 that will have a capacity to supply 50,000 households with power.