STOCKHOLM, April 3, 2025/ PRNewswire/– Autoliv, Inc. ALV (SSE: ALIVsdb), Autoliv is getting in 2 Virtual Power Purchase Agreements with the 2 sustainable electrical power manufacturers, Alight and Eurowind Energy. They are essential for guaranteeing a constant and fairly priced energy supply for Autoliv’s activities in Europe, minimizing the dangers related to prospective future energy cost changes. Autoliv looks for to enhance its energy durability and guarantee its operations will continue to be both cost-effective and sustainable even in the face of unstable markets.
Autoliv intends to shift to 100% renewable resource sources for its electrical power usage. The brand-new Virtual Power Purchase Agreements with Swedish solar power manufacturer Alight, and Danish wind energy manufacturer Eurowind Energy, are essential actions in reaching Autoliv’s environment targets. Furthermore, the energy bought with the contracts alleviates the danger of high cost changes in the future.
The contracts protected sustainable electrical power supply in the long term, with agreements covering 12 years from 2027-2039. The ingenious technique of integrating solar and wind innovations makes sure ideal energy generation throughout both day and night. This technique and the truth that the centers lie in 2 various European nations supplies versatility in Autoliv’s physical operations and electrical power procurement.
” The tasks with Alight and Eurowind Energy mark a considerable turning point in our journey towards decarbonization, strengthening our position as a sustainability leader in the automobile market. Through these efforts, we support our capability to provide consumers looking for sustainable items and we take a considerable advance in attaining our environment targets for the European operations,” states Magnus Jarlegren, President Autoliv Europe.
The Virtual Power Purchase Contract with Alight makes it possible for the building and construction of a 100 MWp solar park in Eurajoki, Finland, which is predicted to produce 100 GWh every year (comparable to the electrical power requirements of around 20,000 families). When functional in 2026, Autoliv will contract a bulk of the tidy electrical power produced to protect a long-lasting supply at a steady, low cost. Building and construction is set to start this spring.
The Virtual Power Purchase Contract with Eurowind Energy includes another 12-year agreement for tidy electrical power from a 48 MW wind park in Romania Upon conclusion, the Pecineaga Wind Park will produce around 176 GWh every year. The park is anticipated to be functional by 2027.
European VPPAs Highly Assistance Autoliv’s Worldwide Environment Targets
Autoliv intends to minimize greenhouse gas emissions and increase the circular usage of products throughout the worth chain, supporting consumers’ shift to low-carbon, sustainable movement. Released in 2021, Autoliv’s environment method is based upon 2 long-lasting environment targets: carbon neutrality in own operations by 2030 and net-zero emissions throughout the supply chain by 2040.
” At Autoliv, we are devoted to running our company in an ecologically sustainable way while providing first-rate items to our consumers. With a concentrate on sustainable electrical power, we see Virtual Power Purchase Agreements as a tactical foundation of our low-carbon operations, and Alight and Eurowind Energy are crucial partners to our European operations,” states 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 & & Experts: ir@autoliv.com
Anders Trapp, Tel +46 709 578 171,(* )Henrik Kaar, Tel +46 709 578 114 For additional information: Alight Eurowind Energy
About Autoliv
Autoliv, Inc.
ALV ALIV) is the around the world leader in automobile security systems. Through our group business, we establish, make and market protective systems, such as air bags, seat belts, and guiding wheels for all significant automobile producers on the planet, in addition to movement security options, such as business lorries and electrical security options. At Autoliv, we challenge and re-define the requirements of movement security to sustainably provide leading options. In 2024, our items conserved around 37,000 lives and lowered around 600,000 injuries. We have operations in 25 nations, and we drive development, research study, and advancement at our 13 technical centers. Our 65,000 workers are enthusiastic about our vision of Conserving More Lives and quality is at the heart of whatever we do. Sales in 2024 totaled up to
$ 10.4 billion For additional information go to www.autoliv.com Safe Harbor Declaration
This report consists of declarations that are not historic realities however rather positive declarations within the significance of the Personal Securities Lawsuits Reform Act of 1995. Such positive declarations consist of those that resolve activities, occasions or advancements that Autoliv, Inc. or its management thinks or prepares for might happen in the future. All positive declarations are based upon our present expectations, numerous presumptions and information offered from 3rd parties. Our expectations and presumptions are revealed in excellent faith and our company believe there is a sensible basis for them. Nevertheless, there can be no guarantee that such positive declarations will emerge or show to be proper as positive declarations are naturally based on recognized and unidentified dangers, unpredictabilities and other elements which might trigger real future outcomes, efficiency or accomplishments to vary materially from the future outcomes, efficiency or accomplishments revealed in or suggested by such positive declarations. Many dangers, unpredictabilities and other elements might trigger real outcomes to vary materially from those set out in the positive declarations, consisting of basic financial conditions and changes in the international automobile market. For any positive declarations included in this or any other file, we declare the defense of the safe harbor for positive declarations included in the Personal Securities Lawsuits Reform Act of 1995, and we presume no commitment to upgrade openly or modify any such declarations due to brand-new info or future occasions, other than as needed by law.
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