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Volkswagen plans renewable investments in CO2 reduction push

Published 29/04/2021, 08:27
© Reuters. FILE PHOTO: A Volkswagen logo is seen as it launches its ID.6 and ID.6 CROZZ SUV at a world premiere ahead of the Shanghai Auto Show, in Shanghai
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FRANKFURT (Reuters) - Volkswagen (DE:VOWG_p) plans to invest about 40 million euros ($48 million) in European wind and solar projects by 2025 as part of a push to become carbon neutral, the head of the group's namesake brand said on Thursday.

As part of the initiative, Volkswagen will team up with Germany's top utility RWE for a solar park in 2022 that will have a capacity to supply 50,000 households with power.

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