Italian regional grocery retailer Conad del Tirreno is planning to cut annual CO2 emissions by 2,900 tonnes per year in its nine super stores, achieving 50% savings in energy consumption.
With this goal in mind, it has teamed up with EOS Investment Management (through its energy fund Efesto Energy) and Officinae Verdi Group (a joint venture between UniCredit and WWF).
The overall investment amounts to €28 million, to be provided through a project financing deal with UniCredit Banca.
The project, which will be implemented over the next 24 months, foresees the structural renovation of nine Conad del Tirreno stores in the Tuscany, Lazio and Sardinia regions.
The partnership with EOS Investment Management and Officinae Verdi Group is part of the full energy efficiency strategy adopted by Conad del Tirreno.
According to CEO Ugo Baldi, after staff, energy represents the second highest cost item for retail companies with an incidence of 1-2% of turnover.
In recent years, Conad del Tirreno installed photovoltaic energy production systems totalling about 5 MWp in Tuscany, Lazio and Sardinia.
The strategy also foresees the adoption of LED lamps, high-efficiency technologies for the air conditioning system and the cold chain, as well as the construction of an energy control room to continuously monitor the performance and the return on investment.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. To subscribe to ESM: The European Supermarket Magazine, click here.
