wpd and Finnish retailer K Group have signed a 15-year PPA that will see the Germans providing more than 40GWh of renewable electricity annually.
Since 2017, 100 percent of the electricity consumption of K stores and other properties owned by the company has been supplied from renewable sources.
The PPA with wpd is expected to increase the share of electricity from renewable energy sources in the company’s total consumption six-fold by the end of 2022.
“K Group is strongly committed to mitigating climate change, for example by purchasing electricity from renewable energy sources and also by improving the energy efficiency of our own operations, which is to be increased by 10% until 2023. At K Group, we intend to minimize our emissions by the year 2025. Our objective is to eventually have no need for compensation, and make our own operations emissions free by 2030.”Matti Kalervo, vice president, corporate responsibility at K Group.
“The cooperation with an experienced partner like wpd will help us to achieve our goals. wpd is proud to support K Group on its way to counteract climate change by using electricity from wind power. As we all know climate protection measures are extremely necessary and K Group is leading by example on how this can be done.”Heikki Peltomaa, wpd Finland managing director.