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Volkswagen plans renewable investments in CO2 reduction push

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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
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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.

($1 = 0.8252 euros)

(Reporting by Christoph Steitz and Jan Schwartz, editing by Emma Thomasson)

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