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Sainsbury’s Signs PPA with Capital Dynamics for Pines Burn Wind Farm

ByRishabh
2024-10-16.6 months ago
Sainsbury’s Signs PPA with Capital Dynamics for Pines Burn Wind Farm
Sainsbury’s Signs PPA with Capital Dynamics for Pines Burn Wind Farm

Sainsbury’s has made a significant move toward achieving Net Zero in its operations by 2035, signing a 15-year Power Purchase Agreement (PPA) with Capital Dynamics, a global private asset management firm known for its investments in renewable energy.  

Under this agreement, Sainsbury’s will source 100% of the electricity generated by the newly operational 33.6 MW Pines Burn Wind Farm in Scotland. 

Barney Coles, Managing Director, Co-head of Clean Energy at Capital Dynamics, said, “We are delighted to partner again with Sainsbury’s; this time on the development of Pines Burn Wind Farm. This commitment has been instrumental in bringing a new source of cost-effective clean energy to the UK’s grid.”

He added, “Strong corporate partnerships like Sainsbury’s are critical for advancing the UK’s position as a global leader in renewable energy and for meeting national carbon reduction goals. We look forward to further collaboration with Sainsbury’s and other forward-thinking companies to accelerate the private sector’s role in the energy transition.”

The advanced Pines Burn Wind Farm, which features seven high-efficiency turbines, is projected to produce approximately 92,000 megawatt hours (MWh) of clean, renewable electricity annually. 

 This output will continuously power over 1.7 million standard LED lightbulbs or facilitate around 3 million charging sessions at Sainsbury’s ultra-rapid EV charging service, Smart Charge. 

The electricity from Pines Burn will cover roughly 8% of Sainsbury’s total annual energy requirements across the UK, marking a significant step forward in the company’s sustainability strategy, “Plan for Better.”  

This initiative aims to reduce Sainsbury's carbon footprint and enhance its commitment to environmental stewardship. 

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