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…