Autoliv Advances on Climate Targets with Renewable Energy Agreements
Autoliv (NYSE: ALV) has announced two significant Virtual Power Purchase Agreements (VPPAs) with renewable electricity producers Alight and Eurowind Energy, marking a important step toward its climate targets. The 12-year contracts, spanning 2027-2039, combine solar and wind technologies across different European locations.
The agreement with Alight includes a 100 MWp solar park in Finland, projected to produce 100 GWh annually, while the Eurowind Energy agreement involves a 48 MW wind park in Romania, expected to generate 176 GWh annually. These partnerships aim to secure long-term renewable electricity supply at stable prices, supporting Autoliv's goals of achieving carbon neutrality in operations by 2030 and net-zero emissions across the supply chain by 2040.
Autoliv (NYSE: ALV) ha annunciato due importanti Accordi di Acquisto Virtuale di Energia (VPPA) con i produttori di elettricità rinnovabile Alight ed Eurowind Energy, segnando un passo significativo verso i suoi obiettivi climatici. I contratti di 12 anni, che vanno dal 2027 al 2039, combinano tecnologie solari ed eoliche in diverse località europee.
L'accordo con Alight include un parco solare da 100 MWp in Finlandia, progettato per produrre 100 GWh all'anno, mentre l'accordo con Eurowind Energy prevede un parco eolico da 48 MW in Romania, che si prevede genererà 176 GWh all'anno. Queste partnership mirano a garantire un approvvigionamento a lungo termine di elettricità rinnovabile a prezzi stabili, sostenendo gli obiettivi di Autoliv di raggiungere la neutralità carbonica nelle operazioni entro il 2030 e zero emissioni lungo la catena di approvvigionamento entro il 2040.
Autoliv (NYSE: ALV) ha anunciado dos importantes Acuerdos de Compra Virtual de Energía (VPPA) con los productores de electricidad renovable Alight y Eurowind Energy, marcando un paso significativo hacia sus objetivos climáticos. Los contratos de 12 años, que abarcan de 2027 a 2039, combinan tecnologías solares y eólicas en diferentes ubicaciones europeas.
El acuerdo con Alight incluye un parque solar de 100 MWp en Finlandia, proyectado para producir 100 GWh anuales, mientras que el acuerdo con Eurowind Energy implica un parque eólico de 48 MW en Rumania, que se espera genere 176 GWh anuales. Estas asociaciones tienen como objetivo asegurar un suministro a largo plazo de electricidad renovable a precios estables, apoyando los objetivos de Autoliv de lograr la neutralidad de carbono en sus operaciones para 2030 y emisiones netas cero en toda la cadena de suministro para 2040.
Autoliv (NYSE: ALV)는 재생 가능 전력 생산자인 Alight 및 Eurowind Energy와 두 개의 중요한 가상 전력 구매 계약(VPPA)을 발표하며 기후 목표를 향한 중요한 단계를 밟았습니다. 2027년부터 2039년까지 12년 동안 지속되는 이 계약은 유럽의 여러 지역에서 태양광 및 풍력 기술을 결합합니다.
Alight와의 계약에는 핀란드에 100 MWp의 태양광 발전소가 포함되어 있으며, 연간 100 GWh를 생산할 것으로 예상됩니다. Eurowind Energy와의 계약은 루마니아에 48 MW의 풍력 발전소를 포함하며, 연간 176 GWh를 생성할 것으로 예상됩니다. 이러한 파트너십은 안정적인 가격으로 장기적인 재생 가능 전력 공급을 확보하여 Autoliv의 2030년까지 운영에서 탄소 중립을 달성하고 2040년까지 공급망 전반에 걸쳐 탄소 배출 제로 목표를 지원하는 것을 목표로 합니다.
Autoliv (NYSE: ALV) a annoncé deux importants Accords d'Achat Virtuel d'Énergie (VPPA) avec les producteurs d'électricité renouvelable Alight et Eurowind Energy, marquant une étape significative vers ses objectifs climatiques. Les contrats de 12 ans, s'étendant de 2027 à 2039, combinent des technologies solaires et éoliennes dans différentes localités européennes.
L'accord avec Alight comprend un parc solaire de 100 MWp en Finlande, prévu pour produire 100 GWh par an, tandis que l'accord avec Eurowind Energy concerne un parc éolien de 48 MW en Roumanie, qui devrait générer 176 GWh par an. Ces partenariats visent à garantir un approvisionnement à long terme en électricité renouvelable à des prix stables, soutenant les objectifs d'Autoliv d'atteindre la neutralité carbone dans ses opérations d'ici 2030 et des émissions nettes nulles dans l'ensemble de la chaîne d'approvisionnement d'ici 2040.
Autoliv (NYSE: ALV) hat zwei bedeutende Virtuelle Stromkaufverträge (VPPA) mit den Erzeugern erneuerbarer Energie Alight und Eurowind Energy angekündigt, was einen wichtigen Schritt in Richtung seiner Klimaziele darstellt. Die 12-jährigen Verträge, die sich über den Zeitraum von 2027 bis 2039 erstrecken, kombinieren Solar- und Windtechnologien an verschiedenen Standorten in Europa.
Die Vereinbarung mit Alight umfasst einen 100 MWp Solarpark in Finnland, der voraussichtlich jährlich 100 GWh produzieren wird, während die Vereinbarung mit Eurowind Energy einen 48 MW Windpark in Rumänien beinhaltet, der voraussichtlich jährlich 176 GWh erzeugen wird. Diese Partnerschaften zielen darauf ab, eine langfristige Versorgung mit erneuerbarem Strom zu stabilen Preisen zu sichern und unterstützen die Ziele von Autoliv, bis 2030 Kohlenstoffneutralität in den Betrieben zu erreichen und bis 2040 netto null Emissionen in der gesamten Lieferkette zu erzielen.
- Long-term energy price stability through 12-year fixed contracts
- Reduced operational risks from energy market volatility
- Strategic advancement toward carbon neutrality goals
- Diversified energy sources across multiple European locations
- None.
Insights
Autoliv's new Virtual Power Purchase Agreements (VPPAs) with Alight and Eurowind Energy represent a strategic approach to energy risk management rather than just environmental window dressing. The 12-year contracts (2027-2039) create long-term price stability in what has become an increasingly volatile European energy market.
The dual-technology approach (solar from Finland, wind from Romania) creates an intelligent hedge against both seasonal and daily production variability while diversifying geographic regulatory exposure. By contracting both daytime solar production and more consistent wind generation, Autoliv has essentially created a 24-hour renewable supply chain that better matches their manufacturing demands.
From a financial perspective, these agreements function as sophisticated price-hedging instruments. While upfront costs aren't disclosed, VPPAs typically require minimal capital investment while providing predictable energy costs through contract-for-difference structures. This shields Autoliv's European operations from potential energy price spikes that have previously disrupted industrial operations across the continent.
For a manufacturing company with $10.4 billion in annual sales, energy costs represent a significant operational expense. By locking in rates for the 276 GWh combined annual production (100 GWh solar + 176 GWh wind), Autoliv gains improved forecasting ability and reduced exposure to market volatility through 2039.
While the immediate financial impact is likely modest, the strategic value lies in strengthening operational resilience against energy market disruptions while simultaneously advancing toward climate targets that increasingly influence customer purchasing decisions in the automotive safety sector.
Autoliv aims to transition to
The agreements secure renewable electricity supply in the long term, with contracts spanning 12 years from 2027-2039. The innovative approach of combining solar and wind technologies ensures optimal energy generation during both day and night. This approach and the fact that the facilities are located in two different European countries provides flexibility in Autoliv's physical operations and electricity procurement.
"The projects with Alight and Eurowind Energy mark a significant milestone in our journey towards decarbonization, reinforcing our position as a sustainability leader in the automotive industry. Through these initiatives, we support our ability to supply customers seeking sustainable products and we take a significant step forward in achieving our climate targets for the European operations," says Magnus Jarlegren, President Autoliv Europe.
The Virtual Power Purchase Agreement with Alight enables the construction of a 100 MWp solar park in Eurajoki,
The Virtual Power Purchase Agreement with Eurowind Energy involves another 12-year contract for clean electricity from a 48 MW wind park in
European VPPAs Strongly Support Autoliv's Global Climate Targets
Autoliv aims to reduce greenhouse gas emissions and increase the circular use of materials throughout the value chain, supporting customers' transition to low-carbon, sustainable mobility. Launched in 2021, Autoliv's climate strategy is based on two long-term climate targets: carbon neutrality in own operations by 2030 and net-zero emissions across the supply chain by 2040.
"At Autoliv, we are committed to operating our business in an environmentally sustainable manner while delivering world-class products to our customers. With a focus on renewable electricity, we see Virtual Power Purchase Agreements as a strategic cornerstone of our low-carbon operations, and Alight and Eurowind Energy are key partners to our European operations," says Kaisa Tarna-Mani, Vice President of Sustainability at Autoliv.
Inquiries:
Media: media@autoliv.com
Gabriella Etemad, Tel +46 70 612 64 24, Emelie Ericson, Tel +46 70 957 81 35
Investors & Analysts: ir@autoliv.com
Anders Trapp, Tel +46 709 578 171, Henrik Kaar, Tel +46 709 578 114
For more information: Alight Eurowind Energy
About Autoliv
Autoliv, Inc. (NYSE: ALV; Nasdaq Stockholm: ALIV.sdb) is the worldwide leader in automotive safety systems. Through our group companies, we develop, manufacture and market protective systems, such as airbags, seatbelts, and steering wheels for all major automotive manufacturers in the world, as well as mobility safety solutions, such as commercial vehicles and electrical safety solutions. At Autoliv, we challenge and re-define the standards of mobility safety to sustainably deliver leading solutions. In 2024, our products saved approximately 37,000 lives and reduced around 600,000 injuries.
We have operations in 25 countries, and we drive innovation, research, and development at our 13 technical centers. Our 65,000 employees are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. Sales in 2024 amounted to
Safe Harbor Statement
This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Autoliv, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required by law.
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SOURCE Autoliv
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