The Goodyear Tire & Rubber Company (NASDAQ: GT) recently announced that it has completed its largest solar panel installation to date at its Pulandian manufacturing plant in Dalian, China. With more than 29,700 solar panels installed, the panels will power the plant and office and warehouse buildings. The panels are estimated to reduce carbon emissions from purchased electricity by 17,000 metric tons per year over 25 years.
In 2021, to help reduce its carbon footprint, Goodyear announced its goal of transitioning its manufacturing operations and processes to all renewable energy by 2040, with a mid-term goal of 100% renewable electricity in its manufacturing operations by 2030. Investments in solar power generating technology in Goodyear’s Asia Pacific region have created an electricity generation capacity of approximately 28 megawatts. Globally, Goodyear operates onsite solar generation systems at ten facilities, with a total capacity of 30 megawatts.
“Goodyear prides itself on our work to create a better future; our commitment to renewable energy is an important part of that. We are increasing our use of renewable energy in our manufacturing facilities with solar installations at our plants in China, India, Indonesia, Malaysia, and Thailand,” said Nathaniel Madarang, president of Goodyear Asia Pacific. “We expect to continue to add additional onsite solar capacity in our region helping us to reach our corporate-wide 2030 and 2040 goals.”