Coles has signed the final power purchase agreements (PPA) needed to achieve 100 per cent renewable electricity by the end of FY25.
In June, Coles announced its complete sustainability strategy including its Together to Zero and Better Together initiatives. As part of the company's Together to Zero mission, Coles announced it would be fully powered by renewable electricity by the end of FY25.
The company has signed large-scale certificate (LGC) agreements with Origin Energy, ACCIONA Energia and ENGIE which will be sourced from wind and solar farms across Victoria, New South Wales, South Australia and Queensland.
The supermarket giant has estimated the latest PPA’s will help it meet the goal for all operational energy to come from renewable sources by 1 July 2025.
Coles chief sustainability, property, and export officer Thinus Keevé said they are proud to have set a clear pathway of achieving 100 per cent renewable electricity within a year of setting the goal.
“As part of Coles’ Sustainability Strategy, including Together to Zero, we set the ambitious target to be powered on 100% renewable electricity by end of FY25. The agreements with Origin Energy, ACCIONA Energía, and ENGIE puts us on the path to achieve this,” he said.
