Lincolnshire Co-op has signed an £8.5 million Corporate Power Purchase Agreement (CPPA) to secure renewable energy for the next 10 years. The agreement, part of a £40 million partnership with four other co-operatives, will cover approximately 50% of the society’s emissions across 220 outlets.
The contract, beginning 1 April 2025, ensures Lincolnshire Co-op will receive 10,000 megawatt-hours of energy annually from the London Array offshore wind farm. The facility, located off the north Kent coast, is operated by German energy giant RWE and supplies 10% of the UK’s wind power.
The deal, facilitated by Inspired PLC with legal support from Shoosmiths LLP, aims to provide price stability while reducing reliance on fossil fuels. In addition, Lincolnshire Co-op has invested £2 million in solar panels for 62 sites and is upgrading refrigeration systems for greater energy efficiency.
For businesses, the move highlights the growing role of long-term renewable energy contracts in managing operational costs and sustainability commitments.
