Three long-term agreements signed for PV electricity
- Strategic course: Bosch pushes forward with climate action goals despite impact of coronavirus pandemic
- Ramping up the measures: Bosch further improves ecological quality of carbon neutrality
- “New clean power”: Long-term purchasing agreements with RWE, Statkraft, and Vattenfall
- Generating power in-house: Bosch installed 18 new systems in 2019 capable of generating 22,000 megawatt hours annually
On the path to climate neutrality, renewables represent a key area where companies can make major adjustments. Bosch is expanding in-house power generation at its locations and is set to be a long-term customer of renewable electricity from newly constructed wind and solar parks. To this end, the supplier of technology and services has signed three exclusive long-term purchasing agreements for PV electricity with the providers RWE, Statkraft, and Vattenfall. Despite the challenging situation due to the current coronavirus pandemic, Bosch is pressing ahead with its highly ambitious climate action plans: “Climate change isn’t taking a break, so neither are we. By the end of the year, we will achieve our ambitious goal of no longer leaving a carbon footprint,” said Volkmar Denner, the CEO of the Bosch Group. All 400 Bosch locations worldwide will then be climate-neutral. The company’s German sites have been climate-neutral since the end of 2019. “Our efforts for the energy transition will continue after 2020. Investing in renewables is an important testament to this,” Denner added, explaining that while climate action costs money, doing nothing would be more expensive – especially since investing in energy efficiency also leads to cost savings.