Argentine supermarket chain Libertad buys wind power

The supermarket chain says that it will easily surpass the legally set target of 20% before the 2025 deadline

The Argentine supermarket chain Libertad, controlled by French retail group Casino, has signed a five-year PPA with energy company Pampa Energia to supply its operations with wind power.

The power will be supplied by Pampa Energia’s 53MW wind farm known as Pampa Energia III, located in the province of Buenos Aires.

Libertad says that by 2024, 33% of its power supply will come from renewables, surpassing the legally required goal of 20% by 2025.

“With this agreement we go beyond the requirements set by the renewable energy law,” said Diego Martin Sabat, the legal and institutional affairs director at Libertad.

Corporate PPAs hit 33% of Argentina's installed wind capacity

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Libertad is the latest of several companies that have been opting to buy renewable energy – mainly wind and solar – directly from generators in order to meet the 20% renewable energy supply requirements.

Failing to reach the percentage – which scales from 12% by end of 2019, to 16% end of 2021, 18% end of 2023 and 20% by end of 2025 – means consumers will be forced to pay a surcharge on their non-renewable power purchases.

While wind and solar now account for about 5% of Argentina’s total power supply, about 33% of country’s 1GW wind power capacity is accounted for by corporate PPAs.

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