Italian sports car maker Ferrari (RACE.MI) said it has signed a deal with Enel's (ENEI.MI) Enel X to build a 1 megawatt peak (MWp) solar energy plant next to its Fiorano test track in order to offer green energy to the local community.
The so-called Ferrari Energy Community should be completed by December and is expected to have an annual average production capacity of about 1,500 megawatt hours (MWh).
Local citizens, institutions, commercial activities and factories will also be allowed to link up to the solar plant, Ferrari said on Tuesday.
Ferrari, famous for its prancing horse logo, aims to achieve carbon neutrality by 2030 and is planning to unveil its first fully-electric car in 2025.
Its CEO Benedetto Vigna said the solar plant project "can accelerate the process of decarbonisation while reducing the cost of energy for citizens and businesses".
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Dear Jengaj John Thank you for getting your climate love to level 2! We have reached out to Ferrari and requested a response. I will keep you updated on any progress! /Adam We Don't Have Time
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Moving on the right direction future is bright
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Ferrari have made a good choice for the environment
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Good move Ferrari. The future is indeed green.
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Ferrari is taking steps in the right direction.... waiting for the electric vehicle by 2025.
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@tabitha_kimani I agree
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I hope the next step will be putting solar panels on their cars!
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@Rentzhog haha
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this brings hope for a better future
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@annett_michuki looking forward to the future
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Great move in the right direction 👍
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@elizbeth_gathigia 👍