LKQ Corporation Advances Renewable Energy Strategy with Solar Project at German Logistics Hub

Core Insights - LKQ Corporation has partnered with Ecobility Services GmbH to implement a large-scale rooftop solar power system at its logistics centers in Germany, marking a significant step in its sustainability strategy [1][4] - The solar system will cover over 12,000 square meters, featuring more than 6,000 photovoltaic modules, and is expected to generate approximately 2.7 gigawatt hours of electricity annually, meeting up to 50% of the site's energy demand [2][3] - The initiative is projected to save up to 1,000 metric tonnes of greenhouse gas emissions per year compared to conventional grid electricity [2] Company Overview - LKQ Corporation is a leading provider of alternative and specialty parts for automobiles, with operations in North America, Europe, and Taiwan, offering a wide range of recycled and aftermarket parts [5] - Ecobility Services GmbH specializes in sustainability-focused services aimed at improving energy efficiency and reducing carbon emissions in commercial and industrial operations [6] Project Details - The project will be executed through a 20-year Power Purchase Agreement (PPA), with installation expected to begin in October and be completed by mid-2026 [1][3] - Ecobility Services GmbH will manage the planning, installation, operation, and maintenance of the solar system throughout the agreement's duration [3] - This initiative is part of LKQ's broader roadmap to reduce greenhouse gas emissions, which includes energy optimization, transitioning to electric fleets, and adopting circular economy practices [4]