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Maxima Announces Plan To Invest €10m In Solar Power Plants

Published on Apr 28 2019 10:30 AM in Retail tagged: Trending Posts / renewable energy / Maxima Grupė / Solar Power / Riga

Maxima Announces Plan To Invest €10m In Solar Power Plants

Lithuanian retailer Maxima Grupė has announced plans to invest more than €10 million in the construction of solar power plants across the Baltics over the next five years.

The solar power plants will have the capacity to generate up to 2 megawatts of electricity.

Green Energy

The retailer also aims to install solar panels on the roofs of its stores to step up efforts to move to green energy sources.

The Maxima XX store in 20a Saharova Street in Riga will be the first outlet to be equipped with these photovoltaic panels.

The installation process will take place during its renovation in the second half of the year.

'Environmentally-Friendly Retail'

Maxima Latvija board member Jānis Vanags, said, "Maxima has taken an ambitious step towards environmentally-friendly retail, generating on-site renewable energy for our stores. Energy efficiency is one of our priorities."

"Our current store modernisation programme has achieved energy savings of up to 30%, and the launch of the solar initiative takes us closer to climate-neutral operations,” explained Vanags.

© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.

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