Co-op expands renewable buying group

Co-op Power will be expanding its wind and solar energy buying scheme, helping the parent organisation meet its new net-zero ten-point climate ten-point climate plan for its direct and indirect carbon emissions by 2040.

The plans will see the business grown significantly over the next few years with a targeted growth of 30 per cent for 2021 and see customers save 1,000 tonnes of carbon a day.

Co-op Power, the biggest energy buying co-operative in the UK, will use its collective buying to help Co-op suppliers, and other businesses, save money and source purely green, low-cost energy in an ethical, sustainable way and double the amount of Power Purchase Agreements (PPAs) to help boost renewable capacity and reduce carbon intensity of electricity.

A newly developed co-operative PPA proposition where multiple customers join together with Co-op Power to commit to a PPA will also be introduced, helping those who might not be the size or have the capabilities to do this in-house.  

David Roberts, Co-op Power MD, said: “Expanding Co-op Power and increasing our PPAs will not only guarantee a source of green but reinforces our climate commitments and a fairer and more sustainable future for us all. Sixty per cent of our supply chain admit they don’t have the resource to reach net-zero alone, co-operation is in our DNA and we are keen to share our expertise with others.”  

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