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Volkswagen is closing two coal-fired power stations at its major plant in Wolfsburg, Germany and has rejected offers to sell them to slash the company’s carbon dioxide emissions, CEO Herbert Diess said on Friday.
“I have already declined offers from several interested parties who wanted to purchase our old Wolfsburg coal plants and rebuild them elsewhere in the world,” Diess stated.
Volkswagen said it is modifying the coal-fired power stations with gas turbine plants, a move that will help reduce VW factory’s carbon dioxide emissions by 60%, equivalent to the emissions of 870,000 vehicles.
Seven out of the ten biggest carbon-dioxide polluters in Europe are coal-fired power stations located in Germany, Volkswagen stated.
