Tesco sets 100% renewables goal by 2030

Author: Gerry Machen. License: Creative Commons, Attribution-NoDerivs 2.0 Generic.

May 19 (Renewables Now) - UK-based food retailer Tesco PLC (LON:TSCO) this week announced a commitment to source 100% of its electricity from renewable sources by 2030.

The target will include more than 50% from grid power purchase agreements (PPAs) and on-site generation. The company, which has more than 6,500 stores around the world, has set an interim goal of sourcing 65% renewable electricity by 2020.

Tesco said that from 2017 it will achieve 100% renewable electricity in the UK and Ireland, with the help of renewable certificates. It also plans to increase investments in on-site solar generation in Thailand, a big market for the company, where it spent GBP 8 million (USD 10.4m/EUR 9.3m) on solar last year.

The renewables commitment is part of Tesco's tougher science-based carbon reduction targets designed to help the retailer contribute to limiting global temperature rises to 1.5 degrees C.  

(GBP 1 = USD 1.302/EUR 1.164)  

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Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

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