In a major stride towards sustainability, Tesco has entered into an unprecedented agreement to procure solar energy sufficient to power 144 of its large-scale stores. This marks the largest corporate solar power purchase agreement in the United Kingdom to date.
The retail giant has committed to acquiring nearly two-thirds of the electricity produced at the Cleve Hill solar park in Kent, a project valued at £450 million, developed by Quinbrook Infrastructure Partners. With over 560,000 solar panels set to be installed, this initiative is poised to make a significant impact on the UK’s renewable energy landscape, with EDF providing crucial power balancing and shaping services.
Construction of the solar farm began early last year, and it is expected to become operational by the beginning of the next year. Once operational, this solar park will contribute up to 10% of Tesco’s electricity needs over the forthcoming 15 years, underscoring Tesco’s ambition to substantially reduce its carbon footprint.
Ken Murphy, CEO of Tesco, expressed his enthusiasm for this ambitious project, stating, “We’re delighted to be announcing such a significant step in our journey towards carbon neutrality across our own operations by 2035.” Murphy highlighted the vital role of energy storage infrastructure in supporting the UK’s renewable energy strategy and reiterated Tesco’s commitment to sourcing green electricity from innovative projects.
Tesco has been actively engaging in numerous energy projects over the past five years, including sourcing renewable electricity directly from wind farms and solar parks across the UK. With the incorporation of Cleve Hill, these power purchase agreements are expected to fulfil 45% of Tesco’s electricity demands in the UK by the year 2030.
Meanwhile, in a related development, another major supermarket, Sainsbury’s, has enhanced its renewable energy usage. The company recently completed and commissioned the Pines Burn Wind Farm in the Scottish Borders, committing to purchase 100% of the renewable energy generated over the next 15 years.
Tesco’s pioneering agreement not only bolsters its sustainable energy capabilities but also sets a benchmark within the UK for corporate engagement in renewable energy. This strategic initiative aligns with the broader industry shift towards environmental responsibility and reduced carbon emissions.
