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Reading: GKN Automotive signs Virtual Power Purchase Agreement with Recurrent Energy, covering 65% of European electricity load
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EU Newsroom™ > News > EU > Energy > GKN Automotive signs Virtual Power Purchase Agreement with Recurrent Energy, covering 65% of European electricity load
Energy

GKN Automotive signs Virtual Power Purchase Agreement with Recurrent Energy, covering 65% of European electricity load

EU Newsroom
Last updated: July 13, 2024 6:28 pm
EU Newsroom 2 years ago
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GKN Automotive, the global leader in drive systems, has announced a significant step towards decarbonising its electricity usage by signing a Virtual Power Purchase Agreement (VPPA) with global renewable energy developer and subsidiary of Canadian Solar, Recurrent Energy.

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

The joint agreement with Recurrent Energy will establish The Rey I project, a…



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