Volkswagen to close German coal-fired power stations
The vehicle manufacturer said it is replacing coal-fired power stations with gas turbine plants in order to cut carbon dioxide emissions
German car manufacture Volkswagen is closing down two coal-fired power stations at its main plant in Wolfsburg, Germany. This is in order to cut down the company’s carbon dioxide emissions and it has turned down offers to sell them.
CEO Herbert Diess said: “I have already declined offers from several interested parties who wanted to buy our old Wolfsburg coal plants and rebuild them elsewhere in the world.”
Volkswagen said it is replacing the coal-fired power stations with gas turbine plants.
This will help cut the company’s factory carbon dioxide emissions by 60 per cent which is equivalent to the emissions of 870,000 cars.
Seven out of the 10 biggest carbon-dioxide polluters in Europe are coal-fired power stations in Germany, Volkswagen said.
Last month Volkswagen said it expects to produce 1 million electric vehicles by 2023, hitting its target two years earlier than planned.
The company aims to become the world market leader in e-mobility. It plans to invest €33bn ($37bn, £29bn) in developing electric vehicles (EV) by 2024 and has set a target of 1 million electric cars by the end of 2023 with a further 1.5 million by 2025.
Additionally, last October Volkswagen suspended plans for a new €1bn plant in Turkey as a direct result of the Syrian incursion.
The proposed Turkish plant had the capacity to produce 300,000 cars a year and was considered vital to VW’s plan to exploit underserved markets in eastern Europe and the near East.
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