Under the deal, SEEIT will install, own, and operate up to 5MW of new rooftop solar capacity at Tesco buildings across the UK, with the retailer drawing down the power via a PPA for each site. Renewables developer Kingspan will collaborate on financing, building and operating the sites. Financial terms for the deal were not disclosed.
Tesco is targeting a switch to 100 pct renewable electricity by 2030, as part of its Science-Based Target to reach net zero emissions by 2050.
(Source: TESCO, BusinessGreen, 20 June, 2019) Contact: SDCL Energy Efficiency Income Trust, Jonathan Maxwell, CEO, www.sdcleeit.com
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IEENF provides loan financing to both private and public organizations in order to support the delivery of energy-efficiency improvement programmes. This joint government-private fund allows energy projects to proceed, with the savings generated used to repay the Fund, which generates a margin.
The IEEF is a commercial corporation regulated by the Central Bank of Ireland and primarily funded by private investors with the government holding a minority position.
(Source: Tesco, thejournal.ie, Feb., 2019)
Contact: Ireland Energy Efficiency National Fund, www.dccae.gov.ie/en; Tesco, www.tescoplc.com
More Low-Carbon Energy News Tesco, Energy Efficiency,
Tesco's net carbon footprint was 3.42 million tonnes of CO2 equivalent (CO2e) in 2017/18 versus 3.89 million CO2e the prior year.
The company has set targets in line with the Paris Agreement to reduce CO2 emission 35 pct by 2020, 60 pct by 2025 and 100 pct by 2050 versus 2015/16 levels.
It also plans to source 65 pct of it electric power requirement from renewables by 2020 and 100 pct by 2030. (Source: Tesco, Energyst, Various Media, 10 May, 2018) Contact: Tesco, www.tescoplc.com
More Low-Carbon Energy News CO2 Emissions, Tesco, Energy Efficiency,
Aldergate Group members, including Aviva, BT, Cemex, Ikea, Kingfisher, M&S, Nestle, Sky and Tesco, published recommendations to improve non-domestic energy efficiency.
Download the Aldgate Group energy efficiency recommendations HERE. (Source: Aldergate Group, 12 Mar., 2018) Contact: Aldergate Group, +44 (0) 20 7841 8966, firstname.lastname@example.org, www.alghergategroup.org.uk
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According to the report, Scotland produces 27 million tpy of bio-based materials including everything from coffee grounds, forestry waste, macro algae, brewery wastes and others.
Download the full Biorefining Potential for Scotland Report HERE. (Source: Zero Waste Scotland, Sept., 2017) Contact: Zero Waste Scotland, Lain Gulland, CEO, www.zerowastescotland.org.uk
More Low-Carbon Energy News Bio-waste, Biofuel, Bioenergy,
To date, Tesco has invested over £700 million in energy efficiency in its stores and distribution centres since 2007, and cut its emissions by 41 pct per square foot of its real estate for annual energy cost savings of approximately £200 million.
Even so, the company acknowledges that more needs to be done to reach its targeted absolute reductions of 35 pct by 2020, 60 pct by 2025 and 100 pct reductions by 2050 compared to 2015 levels.
To that end, Tesco intends to source all of its electricity from renewable sources, has signed on to the RE100 initiative, and
will push its sustainability practices down the supply chain by encouraging the use of credible science-based targets on a two degree trajectory. Alternatively, suppliers will be asked to achieve absolute emissions reductions of 7 pct by 2020 and 35 pct by 2030.
(Source: Tesco, Clean Energy, 15 May, 2017)Contact: Tesco, +44 (0) 11 44 1992 632222, www.tesco.com
More Low-Carbon Energy News Tesco, CO2, Carbon Emissions, Paris Climate Agreement, Renewable Energy,
ESB has worked with businesses from a variety of sectors to unlock smarter and more efficient ways of reducing energy costs. Customers include Tesco Ireland, Druids Glen Golf Club, the Dublin Airport Authority and others. (Source: Smart Energy Services, Business World Ireland, 4 April, 2017) Contact: ESB, Smart Energy Services, Jophn Walsh, +353 21 238 6555,
More Low-Carbon Energy News Smart Energy Services, ESB, Energy Efficiency, Energy Efficiency Funding,