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Is the Coles (ASX:COL) share price a buy after renewable energy deal? – Motley Fool Australia
What does a new 10-year renewable energy deal mean for the Coles (ASX: COL) share price in 2020? We take a look at the implications.
The Coles Group Ltd (ASX: COL) share price is one to watch after the Aussie supermarket group announced a new 10-year renewable energy deal.
What’s this renewable energy deal all about?
Coles has signed a new deal that will see more than 90% of its electricity needs in Queensland come from clean energy sources. The deal, announced with CleanCo yesterday, comes into play from July 2022.
Coles will purchase 400 gigawatt hours (GWh) of electricity generated from wind and solar farms across Queen…
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