Queensland’s CleanCo to supply renewable power to retailer Wesfarmers

Queensland's publicly-owned clean energy company CleanCo will supply renewable energy to four brands of Australian retail group Wesfarmers Ltd (ASX:WES).

Under the deal, announced on Thursday, CleanCo will provide Bunnings, Kmart, Target and Officeworks with renewable electricity across their 147 sites in Queensland, helping the retailers meet their commitment of sourcing 100% renewable electricity by 2025.

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CleanCo will provide the power partially from Neoen’s Western Downs Green Power Hub solar farm, which is due to achieve full generation in the fourth quarter of 2022 and from which CleanCo is offtaking 320 MW. Another portion will come from the Macintyre Wind Farm which is due to come onstream in late 2023.

“Kmart, Target and Officeworks are contracted to take our energy and large-scale generation certificates (LGCs) to the end of 2030, while Bunnings is currently signed up to 2027,” said Queensland Energy Minister Mick de Brenni.

The agreement will see the stores use around 140,000 MWh of renewable energy per year by mid-2025. They will start receiving renewable power in July 2022.

“This is proof our publicly-owned CleanCo is getting on with the job of connecting businesses in Queensland to clean, reliable energy from Queensland renewables and helping decarbonise our economy,” said de Brenni.