German landlord Vonovia to install solar panels on 30,000 roofs by 2050

Sept. 22 (Renewables Now) – Vonovia SE (ETR:VNA) plans to retrofit about 30,000 roofs of buildings from its portfolio with solar panels by 2050, as Germany’s largest housing company aims to achieve climate neutrality for all its properties.

The company aims to increase its annual installation capacity tenfold over the next three years to 25 MWp and install solar panels on 17,000 roofs by 2030. The installations are expected to generate 194 million kWh of green energy, saving 76,500 tons of CO2 emissions annually. This requires an investment of approximately EUR 240 million (USD 281.7 million).

The electricity from the roof systems will be used by the tenants of the buildings, for charging electric vehicles and for heat generation.

“We are committed to climate protection and are working hard to ensure climate neutrality for all our existing buildings. To do this, it is vital that we use renewable energy,” said CEO Rolf Buch.

Since 2018, the landlord from Bochum has installed solar installations on more than 1,000 roofs that produce more than 15 million kWh of electricity. The 1,000 Roofs program has cost approximately 16 million euros. The company’s headquarters is also powered by a rooftop installation.

(EUR 1 = USD 1,174)

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