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Sustainable development

Lojas Renner to Power 170 Stores and Distribution Center with Wind Energy

Strategic Insights

— 2 min read

Lojas Renner, Brazil's largest fashion omni-retailer, has signed a contract with Enel Green Power Brasil Participaes Ltda. to supply 100% of the energy demand of 170 stores and its new distribution center in Cabreva (SP) with wind power generation. This move aligns with the company's strategy to combat climate change and promote sustainability, making it the latest example of a pioneering effort in the industry.

Key Takeaways:

  • Lojas Renner will use wind power to supply 100% of the energy demand of 170 stores and its new distribution center in Cabreva (SP), working with Enel Green Power Brasil Participaes Ltda.
  • The deal marks a significant step towards the company's goal of reducing carbon dioxide emissions and promoting sustainability, with 80% of its corporate energy consumption now being supplied by renewable sources.
  • The partnership will prevent the emission of approximately 6.2 thousand tons of carbon dioxide (CO?) per year, and will have an approximate 40% reduction in tariffs paid, leading to an accumulated saving of over R$ 550 million over the 15-year contract.
  • Lojas Renner has already incorporated renewable energy sources into its operations, with 40% of its energy consumption in Brazil being supplied through solar facilities and small hydroelectric plants (SHP).
  • The company has set ambitious targets to reduce carbon emissions and increase its use of renewable energy sources, including a commitment to reach 75% of corporate energy consumption coming from low-impact renewable sources by the end of 2021.

Statistics:

  • Renner will be served with the maximum amount of energy foreseen in the contract or 11.3 average megawatts (aMW), equivalent to a consumption of about 100 GWh/year, from the Fontes dos Ventos II wind farm.
  • The wind farm has a total installed capacity of 99MW and will require a total investment of around US$84 million.
  • The partnership is expected to prevent the emission of approximately 6.2 thousand tons of carbon dioxide (CO?) per year, equivalent to a 40% reduction in energy tariffs paid.
  • The accumulated saving over the 15-year contract is estimated to be over R$ 550 million.
  • Brazil currently has 694 wind power plants in operation with supervised power of 17,400 MW, or 9.9% of the country's total generating capacity.

Sources:

  • "Lojas Renner to Power 170 Stores and Distribution Center with Wind Energy" - Source: syndiGate Media Inc. (Syndigate.info).
  • Fontes dos Ventos II wind farm and Enel Green Power Brasil Participaes Ltda. - Source: Enel Green Power Brasil Participaes Ltda.
  • Renner's sustainability efforts and energy consumption data - Source: Lojas Renner.

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