German retailer Netto to spend EUR 100m in solar roofing systems, heat pumps

• German retail chain Netto will invest concerning EUR 100 million (USD 110.5 m) to install rooftop solar photovoltaic or pv (PV) systems and heatpump and also replace gas home heating at its stores as well as logistic centres in the residence market in a quote to cut reliance on Russian gas as well as reduce its carbon footprint.

The button to electric heatpump will affect nearly 300 Netto stores as well as logistic centres across Germany as well as will occur within the next three years, the retailer claimed on Friday.

In addition, Netto will gradually establish solar PV systems on the roofing systems of greater than 100 stores as well as logistic centres by the end of 2028 and will certainly switch over to brand-new climate-neutral fridges in all its stores across Germany by the end of 2026.

The choice for the investment and the transition to extra effective energy solutions was made as a result of the growing stress amidst increasing electricity rates as well as the heavy reliance on Russia.

Netto, part of Danish retailer Salling Group A/S, has 342 stores in the states of Mecklenburg-Vorpommern, Brandenburg, Berlin, Saxony-Anhalt, Saxony, Schleswig-Holstein, Lower Saxony as well as Hamburg.