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Coles enters 10-year clean energy partnership

Coles will source more than 90% of its Queensland electricity requirements from CleanCo, after entering into a landmark 10-year agreement with the state-owned clean energy generator and retailer.

Queensland Energy Minister Dr Anthony Lynham announced that publicly-owned  CleanCo had sealed a 10-year deal with Coles to purchase enough electricity to
power more than 90 per cent of its Queensland sites from July 2022.

“Under this agreement, wind and solar energy generated on Queensland’s Southern Downs and Western Downs will be powering Coles supermarkets and other retail outlets right across the Sunshine State,” Dr Anthony said.

Coles CEO Steven Cain said the significant increase in renewable energy is a major part of Coles’ commitment to be Australia’s most sustainable supermarket.

“We are thrilled that with these agreements, Coles can make a significant contribution to the growth of renewable energy supply in Australia, as well as to the communities we serve.”

“We have already made changes throughout our business to use energy more efficiently, which has enabled us to reduce our greenhouse gas emissions by 36.5 per cent since 2009, while growing our team member base and store network.”

The long-term agreement commences on 1 July 2022 and is backed by solar power from Neoen’s Western Downs Green Power Hub and wind power from Acciona’s MacIntyre Wind Farm.

CleanCo is buying 400 megawatts of new renewable energy from ACCIONA’s Macintyre wind farm, as well as building its own adjoining 102 megawatt Karara wind farm.

Coles Chief Sustainability, Property and Export Officer Thinus Keeve said Coles is committed to purchasing renewable energy across the country.

“Long-term agreements like this are a great example of how we are able to reduce our energy costs, support the community and make a meaningful impact on reducing greenhouse gas emissions,” Thinus said.

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