Porsche signs 25-year solar energy contract

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Apparently solar power is hot right now.

Porsche on Monday announced plans to build and operate a solar power microgrid at its US headquarters in Atlanta, reducing its annual carbon emissions by 3.2 million pounds. The news came days after Ford announced what it called the largest-ever renewable energy purchase from a utility in the United States, to power its electricity supply in Michigan with electricity. renewable energy.

Installation of Porsche’s microgrid, an onsite power grid that harnesses energy from solar panels, will begin in September and be completed in 2023. The renewable energy project is part of a $50 million development on the campus of the Porsche Experience Center in Atlanta.

Porsche’s 25-year operating agreement with Cherry Street Energy, Georgia’s largest non-utility solar provider, will power Porsche’s on-site Taycan electric vehicle fleet, among other applications. The energy company will own, operate and maintain the microgrid, selling the electricity to Porsche.

Ford and Porsche said energy will accelerate their sustainability goals over the next decade. Porsche said in a statement that the energy from the solar panels will provide “a significant portion of annual electricity needs.”

Porsche aims to become carbon neutral in all of its operations by 2030. Ford has set a goal to power all of its global facilities with renewable energy by 2035 and to become carbon neutral by 2050.

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