Raizen to supply renewable power to women's fashion retailer in Brazil

Brazilian sugar and ethanol producer Raizen SA (BVMF:RAIZ4) has inked a deal to supply renewable power to 35 stores and one distribution centre of local women's fashion and lingerie company Marisa (BVMF:AMAR3).

Frederico Saliba, Vice President of Energy and Renewables at Raizen, said that the company will use several clean sources such as solar and biomass from sugarcane waste. The power supply contract also includes International Renewable Energy Certificates (I-RECs).

Subscribe for Renewables Now's Corporate PPA Newsletter here for free!

Marisa already has five stores that use renewable energy and with the new ones, the company estimates it will avoid the emission of 764 tonnes of carbon in one year.

Raizen is a joint venture between Brazilian sugar, ethanol and fuel sector player Cosan SA (BVMF:CSAN3) and Shell Plc (LON:SHEL).