Ferrari switches its plant from gas to solar energy ahead of schedule

Ferrari switches its plant from gas to solar energy ahead of schedule shutterstock

Anna Velyka

The manufacturer has set itself the goal of achieving carbon neutrality by 2030 and is systematically moving towards it

Italian company Ferrari is accelerating its transition to renewable energy by closing a three-generation gas-fired power plant at its Maranello plant three months ahead of schedule.

This is reported by ESG News.

Deactivation of the three-generator, which has been operating on gas fuel since 2009, will allow Ferrari to reduce CO₂ emissions in Scope 1 and 2 by 60%. In addition, methane consumption will be reduced by 70%, which will significantly reduce the plant's carbon footprint.

In order to ensure an uninterrupted supply of electricity for production, the company will double the capacity of its photovoltaic systems from the current 5 MW to 10 MW by 2030. This expansion will increase the share of self-generated renewable energy at the Maranello plant. Renewable energy sources (RES) currently cover 40% of the plant's energy needs, together with renewable energy purchase agreements (PPAs).

Ferrari has already modernized its electrical infrastructure, in particular, carried out a complete reconstruction of the electrical substation and installed three new transformers with a capacity of 40 MVA.

These improvements contribute to the integration of the growing number of RES and ensure a stable energy supply.

"This means that we will no longer use gas to generate electricity at this plant, but will use electricity from renewable sources," said Benedetto Vigna, CEO of Ferrari.

In 2023, the manufacturer reduced total energy consumption by 4% compared to 2022 – from 1,580 to 1,520 TJ. Ferrari's comprehensive approach includes not only the use of RES, but also the construction of a fuel cell production plant and the construction of energy-efficient buildings.

Earlier, EcoPolitic wrote about the fact that Uber called The EU will ban ICE cars for corporate fleets by 2030. We also reported that car manufacturers postpone full transition to electric cars.

Related
Investing in wind power: will the wind farm boom enable the sector to return to pre-war levels as early as 2026?
Investing in wind power: will the wind farm boom enable the sector to return to pre-war levels as early as 2026?

Companies are being forced to seek resources for ‘green’ investments abroad

A complete watering down of the EU ETS? The European Commission has presented updated rules for the carbon market
A complete watering down of the EU ETS? The European Commission has presented updated rules for the carbon market

The authorities want to oblige EU countries to allocate at least half of their carbon revenue to industry

Solar power has become the EU’s leading source of energy, overtaking all other forms of power generation
Solar power has become the EU’s leading source of energy, overtaking all other forms of power generation

Spain, Germany and Poland are among the leaders in the ‘solar race’

Are businesses leaving it until the last minute? There are still no new applications in the IEP register
Are businesses leaving it until the last minute? There are still no new applications in the IEP register

At the same time, the structure of the register makes it difficult to easily trace the history of the consideration of the documents