Thursday 3 August 2023
COLES TO INSTALL SOLAR PANELS ON 100 STORES AS PART OF LANDMARK AGREEMENT WITH ORIGIN
Investment is expected to produce up to 20% of participating stores electricity needs on average*
Images & VNR available here
Coles and Origin have signed a landmark agreement which will see the companies co-invest in renewable energy and battery assets at up to 100 Coles supermarkets and liquor stores nationally.
Over the next three years, Coles aims to install 20 megawatts of solar panels on top of 100 stores across the country, with batteries to be installed at one third of the stores to capture and store excess renewable electricity generated on-site.
Coles’ rooftop solar, batteries, and energy assets such as in-store heating, cooling and refrigeration systems will be connected to Origin’s virtual power plant to help ease pressure on the energy grid during peak periods of demand.
The alliance between Coles and Origin aims to help reduce each participating stores’ electricity use from the grid by around 20% on average and support Coles to achieve its 100% renewable electricity goals by June 2025.
Solar panel installation is currently underway at six Victorian stores, with installation at all 100 Coles supermarkets, Vintage Cellars, Liquorland and First Choice Liquor Market stores expected to be completed by 2026.
Coles Head of Energy Jane Mansfield said this important alliance will help the retailer lower emissions, reduce electricity consumption from the grid and bring down operational costs, with 20 sites to be completed by next year.
“This alliance with Origin is an important step towards achieving our 100% renewable electricity target by June 2025,” Jane said.
“Over the next three years, we expect to install solar panels on 100 Coles supermarkets and liquor stores. These stores will have on average up to 20% of their electricity needs met by renewable electricity generated on-site*,” she said.
“Not only will this investment in renewables help us reduce our emissions, it will also lower our operational costs and allow us to meet more of our energy needs from our own on-site solar generation,” Jane added.
Origin is one of Australia’s leading energy companies with the ambition to lead the energy transition through cleaner energy and customer solutions. Origin Zero is the part of Origin that works with large businesses like Coles to help meet their energy needs and support them on their journey to net zero with solutions like solar, batteries, energy efficiency, EVs and demand management.
Origin Zero Executive General Manager James Magill said Origin is thrilled to be working with Coles to support its transition to cleaner and smarter energy solutions.
“This is a landmark alliance between two of Australia’s leading retailers across supermarkets and energy which will see the companies co-invest in renewable energy and battery assets to help deliver greater emissions reductions for Coles,” he said.
Today’s announcement builds on the solar panels Coles already has installed on 87 stores across the country. Other cleaner energy initiatives by Coles to help reduce emissions include electrification of gas assets, the trial of an electric delivery truck, as well as purchasing renewable electricity from wind and solar farms around the country.
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For media enquiries, please contact
Coles
Coles Media Line (03) 9829 5250
Email: [email protected]
Origin
Origin Media Line 1300 513 077
Email: [email protected]
* Each participating store aims to generate up to 20% of its electricity requirements through onsite renewable generation. Actual store results will be dependent on the specific energy needs of each store and the final size of the solar system deployed on the store’s roof. Coles and Origin aim to install solar systems at up to 100 stores, equivalent to 20 MW of total solar generation capacity.