Acciona to power Falabella's stores with renewable energy

Spanish infrastructure and renewables group Acciona SA (BME:ANA) today said it inked an agreement to power the Chile-based stores of SACI Falabella – the biggest retail store chain in Latin America, with renewable energy.

The energy under the agreement will come from Acciona Energía's renewables installations in the country.

Green power will be supplied to almost 100 centers of the brands Sodimac, Falabella, Tottus and Open Plaza in Chile with renewable energy over the next few years.

Acciona has already started supplying renewables-generated electricity to the first stores and six shopping malls of the Falabella group. Next year, it will add the remaining centers that can feasibly be connected, including the two main distribution centers of Falabella and Sodimac.

"This agreement not only means a major saving in costs, it also ties in with our efforts in the area of sustainability to reduce the impact of our operation on the environment,” said SACI Falabella CEO Sandro Solari.

According to Acciona Energía General Manager in Chile José Ignacio Escobar, the alliance signed with Falabella “will avoid the emission of around 225,000 metric tons of CO2 every year from conventional coal-fired power stations”.

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