That belt is for the pre ME7 engine, that just had a shorter route on none a/c cars.
It only has ribs on one side. The later ones go a different route and are ribbed both sides, as the alternator rotates the opposite way round on later cars .
Also if your car is the newer shape V70 ( going by 2001)then this is the wrong section. As this is for the classic shape ones( 850 type) up to 2000 model year.
For your car with out air con it uses the same belt, but has an idler bracket and idler roller.
You may be able to order the parts from Volvo.
But I would suggest the cheepest way would be to get a second hand compressor. And leave the pipes and wires disconnected so it just acts as a pulley.
But if you want air con then it will need doing properly.
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