El Corte Inglés seals deal to reduce electricity bill
What: El Corte Inglés sealed two long-term solar energy purchase contracts that will reduce the cost of its electricity bill by up to 30%.
Why it is important: Despite already using 100% renewable energy, their purchase of solar will both reduce the cost of electricity as well as prevent the emission of an estimated 215,000 tons of CO2 for El Corte Inglés.
This will also cover 40% of the group’s annual electricity consumption. El Corte Inglés aims to generate zero waste in all its subsidiaries by 2025.