Lojas Renner, making fashion more attractive than ever with sustainable energy from EGP
Lojas Renner, making fashion more attractive than ever with sustainable energy from EGP
Lojas Renner, Brazil’s leading clothing department store chain, has chosen sustainability and signed an agreement with EGP to supply 170 stores and its new distribution center with 100% wind-generated energy
Wind power for Brazilian stores
Lojas Renner has been implementing a sustainability-centered strategy for some time now. But in 2021, it took a huge leap forward thanks to an agreement with the Enel Group.
Lojas Renner signed a 15-year Power Purchase Agreement (PPA) to buy enough renewable energy produced by Enel Green Power Brazil to meet 100% of the electricity requirements of 170 stores across the nation and its new distribution center, which is currently being built in Cabreúva in the state of San Paolo. Overall, 40% of consumption at Renner's Brazil stores will be covered by renewable energy. This will also increase the percentage of the Brazilian chain’s consumption of electricity from renewable sources to 80%: a good five percentage points above its own 75% target for 2021.
The electricity will be generated in 99 MW EGP’s Fontes Dos Ventos II wind farm, which is currently under construction in Tacaratu in the state of Pernambuco in northeastern Brazil. At full capacity, beginning in 2023, Lojas Renner will be purchasing around 100 GWh of renewable energy annually from EGP. This will lead to environmental as well as financial benefits, cutting around 6,200 tons of CO2 emissions a year and generating total savings in excess of 550 million reais (more than 90 million euros) over 15 years.
Renner has also entered into an agreement with EGP to obtain International Renewable Energy Certificates (I-RECs), a globally recognized standard attesting that the electricity being purchased comes from renewables, and tracing its environmental characteristics.
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Energy 80%
Energy 80% Percentage of renewable energy that will be consumed in Lojas Renner
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Economy 90
Economy 90 Million of euros savings over 15 years