Ferrari has deepened its long-standing collaboration with Shell through a new decade-long renewable energy agreement designed to cover the automaker’s electricity consumption across Italy. The partnership marks a significant milestone in Ferrari’s effort to meet its ambitious 2030 climate targets, including a dramatic reduction of its Scope 1 and 2 emissions and a newly stated intention to cut value-chain emissions.
A 10-Year Agreement Anchored in Renewable Power
Shell confirmed that it will supply Ferrari with approximately 650 gigawatt hours of renewable electricity over ten years, sourced from solar and other clean energy projects. The electricity will directly support the decarbonization of Ferrari’s Maranello headquarters, which houses both the company’s core manufacturing activities and its corporate offices. Shell will also supply additional renewable electricity and guarantees of origin to allow Ferrari to fully cover all of its energy consumption in Italy with certified clean power. Gianluca Formenti, CEO of Shell Energy Italia, described the partnership as an illustration of how major corporations can jointly shift to cleaner operating models. He noted that Shell is prioritizing lower-emission energy solutions for industrial clients and sees the arrangement with Ferrari as a practical demonstration of this strategy.
Ferrari’s Broader 2030 Climate Roadmap
Ferrari launched its decarbonization strategy in 2022, outlining a plan to become climate neutral by the end of the decade. Central to this effort is a target to reduce Scope 1 and 2 emissions by at least 90 percent. Over the past three years, Ferrari has achieved roughly a thirty percent cut in these emissions through operational changes, with one of the most significant steps being the shutdown of its gas-powered trigeneration plant and a full transition to renewable electricity. The company is expanding its climate agenda beyond direct emissions. Earlier this year, Ferrari announced a new objective to reduce absolute Scope 3 emissions by at least twenty five percent by 2030, using 2024 as the baseline. This target reflects rising scrutiny on supply chains and customer-related emissions across the automotive sector. Davide Abate, Ferrari’s Chief Industrial Officer, said that the new agreement with Shell is a decisive move in the company’s transition plan. He emphasised that securing long-term renewable energy for Maranello provides certainty as Ferrari works toward its emissions reduction milestones.
A Symbolic Collaboration with Strategic Implications
Although Ferrari and Shell have partnered for decades in motorsport and advanced fuel development, the new PPA signals a shift toward deeper operational alignment on climate issues. For Shell, corporate PPAs are becoming a central commercial tool as the company attempts to scale lower-carbon offerings while navigating regulatory pressure and evolving customer expectations. For Ferrari, the agreement removes a major source of operational emissions and demonstrates to investors that its 2030 roadmap is backed by concrete actions. The deal also highlights an emerging pattern within the European industrial landscape: luxury and performance brands adopting structured renewable energy contracts to manage price volatility, support compliance with upcoming EU reporting rules, and showcase climate leadership.
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Looking Ahead: Renewable Energy as the Foundation of Ferrari’s Transition
With this agreement in place, Ferrari has effectively secured the renewable electricity necessary to meet its near-term operational decarbonization goals in Italy. The focus will now increasingly shift toward Scope 3 reductions, where challenges include material sourcing, logistics, and downstream vehicle use. Industry analysts expect Ferrari to pair supply-chain decarbonization with investments in vehicle electrification as its next major step. For Shell, the deal is another indication that energy providers offering tailored renewable solutions will play an essential role in enabling industrial decarbonization across Europe.
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