Ferrari signs ten-year contract with Shell for green electricity supply
Ferrari has entered into an agreement with Shell for the supply of 650 GWh of renewable electricity until 2034, covering nearly half of the energy needs of its Maranello site.
| Sectors | Solar Energy, Photovoltaic |
|---|---|
| Themes | Investments & Transactions, Contracts |
Automaker Ferrari has signed a ten-year electricity supply contract with Shell, covering a total of 650 gigawatt-hours of electricity from renewable sources. This volume will power its industrial site in Maranello, in the Emilia-Romagna region, which serves as the core of its manufacturing operations.
A strategic agreement to stabilise energy supply
The partnership aims to secure nearly 50% of the energy requirements of the Maranello factory, known for its energy-intensive technical processes. Shell will use a power plant it has developed specifically for this purpose. The contract allows Ferrari to lock in its supply costs while relying on certified renewable sources.
Shell’s local subsidiary, Shell Energy Italia, will also provide renewable energy certificates to cover Ferrari’s total energy needs in Italy. This mechanism ensures traceability of the electricity’s origin fed into the grid.
2030 target: 90% reduction in operational emissions
The agreement supports Ferrari’s goals to reduce Scope 1 and 2 emissions, referring to emissions directly produced by its facilities and those from purchased energy. The company is targeting a 90% absolute reduction by 2030 compared to its baseline levels.
Shell has been a long-standing partner of Scuderia Ferrari, the Formula 1 team owned by the group. Gianluca Formenti, Chief Executive Officer of Shell Energy Italia, stated that the agreement represents a strategic strengthening of the existing partnership between the two companies.
