Mercedes amps up renewable energy switch with Iberdrola wind deal

Carmaker aiming for 70% of energy demand from vehicle production to be covered by renewable sources by 2030

Carmaker aims for 70% of energy demand from vehicle production to be covered by renewable sources by 2030Wind turbines stand at Whitelee Windfarm, operated by ScottishPower Renewables, a unit of Iberdrola SA, on Eaglesham Moor near Glasgow, UK. File photo: SIMON DAWSON/BLOOMBERG

The Iberdrola deal, in which Mercedes will invest a three-digit million euro figure, means the carmaker has solar, onshore and offshore wind PPAs for capacity equivalent to half of its electricity demand in Germany by 2025, Burzer said in an interview. Iberdrola said the Baltic Sea Windanker project will have 315MW of capacity and will fully operate in 2027. The Spanish power utility already operates the 350MW Wikinger wind farm also in the Baltic Sea and is building the 476MW Baltic Eagle in the same area.

“Of course there are periods where the sun doesn’t shine and the wind doesn’t blow, but these are not so common in Europe. Hydrogen can secure the remaining part,” he said.

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