Renewable Energy in Brazil To Supply 40% of VW?s Local Needs
Another sign of good corporate citizenship. Volkswagen do Brasil was recently ranked as the Best Company of the Year by Isto? Dinheiro in the fifth edition of the business magazine?s ?Top 500 Companies in Brazil? awards. Volkswagen do Brasil is investing $170 Million USD in the construction of two hydropower plants. The two plants will have a total output rating of 48.3 megawatts and will supply almost 40 percent of the electric power required by the company in the country. Volkswagen is the first automaker in Brazil to invest in the generation of clean power from renewable sources.