BayWa r.e. supports Schaeffler Group's sustainability goals

The park is located less than 35 km linear distance from Schaeffler’s headquarters, covers a total area of 10.7 hectares and consists of more than 15,400 solar modules. Connected to the grid in May 2022, the solar park generates around 11,000 MWh of green electricity per year, covering the electricity consumption of around two percent of Schaeffler’s German locations. With this transaction, BayWa r.e. is supporting the company’s decarbonisation strategy: achieving climate-neutrality for in-house production by 2030 and a total of 25 percent of energy requirements worldwide from self-generated renewable energy.

Matthias Taft, CEO of BayWa r.e. commented: “We are in the decade that matters for achieving the 1.5-degree target where companies like Schaeffler play a decisive role. At BayWa r.e., we are aiming at advancing the energy transition in companies of all sizes with tailor-made energy solutions. We are therefore delighted to support Schaeffler in its sustainability goals. Together, we are making an active contribution to meeting global climate targets by realising projects such as the Kammerstein solar park.” 

“The acquisition of the solar farm in Kammerstein is another important achievement in the implementation of our sustainability roadmap, which we are pursuing successfully and with great determination,” said Klaus Rosenfeld, CEO of Schaeffler AG.

BayWa r.e. implemented compensatory and replacement measures to promote local biodiversity, such as breeding birds and wild bees, on part of the project's area. In addition, local citizens were able to individually invest in the solar park through crowdfunding with a total sum of more than € 220,000.