Coles has signed agreements with renewable energy companies ENGIE and Neoen as part of its commitment to reaching 100 per cent renewable electricity by 2025 and to deliver net zero greenhouse gas emissions by 2050.
Coupled with exisiting renewable power purchase agreements, onsite solar and large scale generation certificate (LGC) deals, Coles has committed to purchasing more than 70 per cent of the renewable electricity required to meet its FY25 target.
Under the agreement with ENGIE, Coles will purchase LGCs generated from ENGIE’s Willogoleche Wind Farm and Canunda Wind Farm in South Australia.
Coles will also source a portion of its national electricity requirements through a separate LGC agreement with leading French energy producer Neoen.
Coles Chief Sustainability, Property and Export Officer Thinus Keeve said Coles was well on the way to meeting the targets the company set for itself.
“The agreements are with some of the world’s top renewable electricity companies and show we’re taking a leading role in driving climate action in Australia,” said Thinus.
“It puts us in a great position to be powered by 100 per cent renewable electricity by the end of FY25.”