Iceland Foods has entered a 10-year partnership with Octopus Energy’s generation arm to be supplied with green power.
The power, which will come from the Octopus-managed Breach solar farm in Cambridgeshire, will provide c.64 Gigawatt hours (GWh) of renewable energy every year to power 150 sites, which will cover 14% of Iceland’s electricity needs for its UK stores.
As a result, the deal will reduce the frozen food retailers emissions by 23,000 tonnes of CO2, the equivalent of removing 12,000 petrol cars from the roads.
Subscribe to Grocery Gazette for free
“This partnership is an exciting step in our journey towards achieving net zero by 2040. It also gives us some clarity on our energy costs for the coming years – at a significant discount to the current wholesale price,” Iceland Foods CEO, Tarsem Dhaliwal said.
“This helps to mitigate the impact of the volatility that has plagued the industry for the past 12 months.”
He added that switching to more renewable forms of energy to power Iceland’s sites will be a “huge priority” over coming years as it looks to identify solutions to optimise sustainability across the business.
Octopus Energy generation CEO, Zoisa North-Bond said: “It’s great to see such a massive British firm like Iceland Foods accelerate its renewable energy journey, freezing its foods with the power of the sun.
“Iceland has been a trailblazer in sustainability – and the more companies that follow their lead, the quicker we can reduce our economy’s dependence on expensive fossil fuels and shift to a future powered by clean energy.”