German landlord Vonovia to set up photovoltaic panels on 30,000 roofs by 2050

• Vonovia SE (ETR: VNA) is planning to furnish concerning 30,000 roofings of structures from its portfolio with solar panels by 2050 as Germany's biggest property business is looking for to attain climate neutrality for all its buildings.

The business aims to elevate its annual installation capacity 10 times to 25 MWp within the next three years as well as set up photovoltaic panels on 17,000 roofings by 2030, it stated on Monday. The setups are anticipated to generate 194 million kWh of eco-friendly electrical energy, saving 76,500 tonnes of carbon emissions yearly. This will certainly require the financial investment of some EUR 240 million (USD 281.7 m).

The power from the rooftop systems will certainly be utilized by the renters of the structures, for the charging of electrical vehicles and also for warm generation.

"We are dedicated to environment security and are working hard to ensure climate nonpartisanship for all our existing structures. To do so, it's essential that we utilize renewable energies," claimed chief executive Rolf Buch.

The Bochum-based landlord has placed planetary systems on over 1,000 roofings because 2018 which produce greater than 15 million kWh in electrical energy. The 1,000 Roofing systems programme cost regarding EUR 16 million. The company's headquarters are additionally powered by a roof installation.