Co-op Secures Net-Zero Energy with RWE's Offshore Wind Farm PPA
RWE has inked a seven-year power purchase agreement (PPA) with the British Co-op Group, securing renewable energy for the retailer's operations. The deal involves the Gwynt y Môr offshore wind farm, located in the Irish Sea off the coast of North Wales. This agreement aligns with Co-op's net-zero targets, validated by the Science Based Targets initiative in March 2024.
The Gwynt y Môr wind farm, comprising 160 Siemens Gamesa 3.6 MW turbines, has a capacity of 576 MW. Owned by a consortium including RWE, Stadtwerke München, and Macquarie GIG, with GYM OFTO owning the transmission assets, the farm will provide Co-op with 33 GWh of clean electricity annually. This is enough to power around 140 of Co-op's food stores each year.
The electricity will be used to power not only Co-op's food stores but also its distribution centres and funeralcare homes across the UK. Co-op, committed to sourcing renewable energy through corporate PPAs, aims to achieve net-zero across its operations by 2035 and its entire business by 2040. Heather Thomas, Group Property & Sustainability Director at Co-op, emphasized the role of businesses in greening the grid.
Through this PPA, Co-op secures a significant portion of its energy needs from the Gwynt y Môr wind farm, advancing its net-zero goals. RWE, as the majority owner of the wind farm, plays a crucial role in supporting Co-op's sustainability efforts. This collaboration demonstrates the potential of corporate PPAs in driving the transition to renewable energy.
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