Ferrari has secured a decade-long commitment to sustainable manufacturing by signing a major Corporate Power Purchase Agreement (CPPA) with long-time partner Shell.
The deal, which extends through 2034, is a critical step in Ferrari’s push to decarbonize its iconic production facilities.
The decarbonization mandate:
The core of the agreement centers on Shell supplying Ferrari with a total of 650 gigawatt-hours (GWh) of renewable electricity from a Shell-developed energy plant. This volume is projected to cover nearly half of the total energy needs of the famed Maranello production site near Modena. This move is a central pillar of Ferrari’s climate strategy, which targets a 90% absolute reduction in its operational Scope 1 and 2 emissions by the year 2030. Shell Energy Italia will also provide additional power and certified Renewable Energy Certificates (RECs) to ensure Ferrari’s entire energy consumption in Italy is covered by verified green sources.
Beyond the track:
The Shell and Ferrari partnership has historically been most visible through the Scuderia Ferrari Formula 1 team—spanning over 90 years in fuels and lubricants. The new CPPA extends the collaboration into the Prancing Horse’s core industrial footprint. The long-term contract offers Ferrari energy price predictability and stability against Europe’s volatile wholesale markets, while simultaneously delivering a secure supply of clean energy.
Shell’s green portfolio expansion:
For Shell, the agreement reinforces its strategy to expand its portfolio in the renewable energy market by developing solutions to support its corporate clients’ decarbonization goals. By facilitating a secure, long-term buyer for 650 GWh of renewable energy, the deal provides the financial certainty needed to stimulate the development of new clean power infrastructure within Italy. The deal is being hailed by both companies as a milestone in the industrial energy transition.
