Home improvement firm to invest £50m in green energy

The owner of brands including B&Q and Screwfix plans to invest £50 million in renewable energy. It is part of Kingfisher’s plan to reduce its energy consumption from the National […]

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The owner of brands including B&Q and Screwfix plans to invest £50 million in renewable energy.

It is part of Kingfisher’s plan to reduce its energy consumption from the National Grid by 10% in the next two years.

The investment will be spent on solar panels in the UK and France to be fitted on its distribution centres and selected stores.

Kingfisher will also invest in air source heat pumps, combined heat and power boilers and new fuel cell generation.

It also plans to expand the project to the majority of the 10 countries it operates in.

Richard Gillies, Sustainability Director for Kingfisher said: “We hope our renewables investment helps demonstrate to the world’s leaders discussing the climate deal this week that leading businesses want a sustainable future and to see the right deal in Paris.”