The 10-year VPPA agreement will cover 65 percent of GKN Automotive’s European electricity load and 30 percent of its global load, significantly contributing to the company’s commitment to using 50 percent renewable electricity globally by 2025 and 75 percent by 2030.

The joint agreement with Recurrent Energy will establish The Rey I project, a new2 large-scale solar farm in Spain, which will contribute towards the increased supply of renewable electricity to the Spanish grid – simultaneously contributing to the decarbonisation of the European grid.

The project will facilitate the…