Vonovia and RWE sign contract for the supply of green electricity

• 10 wind turbines supply environmentally friendly electricity for 10,000 households.
• Tenants have access to green electricity.
• Electricity supply contract for one year guarantees stable prices.
• Germany’s leading housing company is taking action along the climate path to climate neutrality.

Vonovia, Germany’s leading housing company, is making further progress towards achieving its climate protection targets and has signed an electricity supply agreement with RWE Supply & Trading for around 18 million kilowatt hours of green electricity. The Power Purchase Agreement (PPA) will initially run for one year. The electricity is generated by the Wust-Fischbeck onshore wind farm near Stendal. This makes Vonovia one of the first housing companies to conclude a PPA for green electricity. This electricity will enable almost 10,000 households to purchase environmentally friendly electricity for a year at stable prices. The green electricity has been supplied since January 2024 and is generated from ten wind turbines.

“We are making progress on our climate path if we can purchase electricity that is produced 100% from renewable energies. This step will enable us to save around 13,400 tons of CO2 per year. It underlines our ambition to be virtually climate-neutral by 2045,” says Arnd Fittkau, Member of the Management Board of Vonovia SE, emphasizing the benefits of the cooperation. “We also guarantee price stability for our tenants who opt for this green electricity,” explains Chief Rental Officer (CRO) Arnd Fittkau, highlighting a further advantage. 

Ulf Kerstin, Chief Commercial Officer (CCO) of RWE Supply & Trading, also welcomes the cooperation: “We are delighted to be able to support Vonovia in its process of decarbonization, as our goal is to promote climate protection in all areas of the economy with our energy solutions.”

Vonovia already supplies many apartments with environmentally friendly heating from heat pumps, which are powered by electricity from rooftop photovoltaic systems in summer and, since January 2024, now also by green electricity from wind power. Alongside the installation of photovoltaic systems (PV) in existing buildings, the use of heat pumps is key to implementing Vonovia’s climate path to climate neutrality by 2045.

About RWE AG

RWE is leading the way to a green energy world. With its investment and growth strategy Growing Green, RWE is contributing significantly to the success of the energy transition and the decarbonisation of the energy system. Around 20,000 employees work for the company in almost 30 countries worldwide. RWE is already one of the leading companies in the field of renewable energy. Between 2024 and 2030, RWE will invest 55 billion euros worldwide in offshore and onshore wind, solar energy, batteries, flexible generation, and hydrogen projects. By the end of the decade, the company’s green portfolio will grow to more than 65 gigawatts of generation capacity, which will be perfectly complemented by global energy trading. RWE is decarbonising its business in line with the 1.5-degree reduction pathway and will phase out coal by 2030. RWE will be net-zero by 2040. Fully in line with the company’s purpose – Our energy for a sustainable life.