Thai Tesco deal for solar on stores
Oct 21, 2019 07:48 PM ET
Thailand hypermarket chain Tesco Lotus has entered into a solar PV power purchase agreement with Singapore-headquartered renewables company Cleantech Solar.
The deal covers 19 Tesco Lotus stores across the country and is expected to generate over 21.5 GWh of clean energy. It is part of the Thai retailer’s effort to hit the target of parent group Tesco to source all of its electricity from renewables by 2030.
Cleantech Solar will fully finance the design, installation, operation and maintenance of the solar PV systems.
Miroslav Friml of Tesco Lotus said the deal with Cleantech Solar was “a significant milestone that will help us to deliver on our commitment to renewable energy”.
“In 2016 we began installing rooftop solar panels at eight hypermarkets and five distribution centres. With the added capacity this year, Tesco Lotus will generate over 36.5 GWh of clean electricity every year.”
Cleantech Solar owns and operates more than 160 solar plants across southeast Asia and India, representing over 300 MW.