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Coles’ latest power agreement locks in 2025 renewable energy goal

Supermarket Coles has finalised its plan to power its sites by 100 per cent renewable energy by the end of FY25, signing the last power purchase agreement needed to meet the target earlier this week.

Recent agreements with Origin Energy, ACCIONA Energía, and ENGIE will allow Coles to cover its estimated energy costs from July 2025.

Coles’ chief sustainability, property and export officer Thinus Keevé said he was proud that the supermarket has been able to cut a clear pathway to its renewable energy target within a year of announcing it.

“As part of Coles’ sustainability strategy, including Together to Zero, we set the ambitious target to be powered on 100 per cent renewable electricity by the end of FY25,” Keevé said.

“We can now say with confidence that Coles will [meet this], which is an incredible achievement.”

And, according to Greenpeace’s REenergise campaign director Lindsay Soutar, the announcement shows the growing momentum in the corporate sector taking matters of sustainability seriously.

“Major brands have a critical role to play to use their buying power to bring even more new wind and solar farms online, as Woolworths and Telstra have committed to do,” said Soutar.

“As the Federal Government dithers over a net-zero target, business leaders are rushing towards renewables. Australian companies and manufacturers know that cheaper, cleaner renewable energy is already powering the country, and are making smart investments to shore up their business for the future.

“Now we’d like to see Coles tackling their value chain emissions and investing in electrifying their sizeable transport fleet.”

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