Tesco has announced it will run 100 per cent on renewable electricity in the UK and Ireland this year and worldwide by 2030 in a move which one solar panel company said would create “huge demand” in the sector.

Axar.az reports quoting Independent.

The supermarket giant said it was announcing “tougher science-based carbon reduction targets for its stores and distribution centres to help combat climate change” in a statement on its website.

It said in the past 10 years it had spent more than £700m in energy efficiency, reducing its carbon emissions by 41 per cent and also cutting its electricity bill by £200m a year.

In addition to buying green electricity, Tesco also plans to generate its own.

The managing director of Bristol-based firm Solarsense said the supermarket’s move “will challenge their competitors to follow”, helping to create a surge in demand.

The British solar industry has been brought to its knees by red tape, the withdrawal of almost all subsidies – which fossil fuels continue to enjoy on a massive scale – and an astonishing 800 per cent domestic business rate hike.

Some have questioned whether the Government is attempting to kill off the industry just as it becomes the cheapest form of power.

In its statement, Tesco said: “As a food retailer, our supply chain and long-term business success depend on the health of the natural environment.

“As citizens and members of the community, our customers and colleagues expect Tesco to play its part in caring for the planet.”