Walmart, SunPower Sign 23 MW Solar Pact

As part of the project, a mix of rooftop and ground-mount solar systems are expected to account for 23 MW, with start of construction targeted for the first half of 2019.

 

Retail stores chain operator Walmart has reached an agreement with SunPower to have the commercial energy provider install solar systems at 19 stores and two distribution centers in Illinois.

As part of the project, a mix of rooftop and ground-mount solar systems are expected to account for 23 MW, with start of construction targeted for the first half of 2019.

This commitment moves Walmart closer to its 2025 goal of supplying its global operations with 50 percent renewable energy.

According to the US Environmental Protection Agency (EPA) Greenhouse Gas Equivalencies Calculator, the amount of anticipated annual carbon offset by this initiative will be equal to the amount of carbon sequestered by over 24,000 acres of US forest in one year – the size of Elgin, Ill.

Commenting on the development, Walmart, Vice President of Energy, Mark Vanderhelm said, “Solar is a vital component of Walmart’s expanding renewable energy portfolio.”

“Walmart plans to tirelessly pursue renewable energy projects that are right for our customers, our business and the environment. These planned projects with SunPower are moving us in the right direction toward our renewable energy goals,” Vanderhelm added.

As per the deal, Walmart is financing the solar projects through a power purchase agreement (PPA) arranged by SunPower, allowing Walmart to buy power at competitive prices and hedge against future utility rate increases with no upfront capital costs. Walmart will own the renewable energy credits associated with the system.

In Illinois, smart state policy and rising utility rates make solar a smart investment for commercial customers. These installations will represent a 25 percent increase in Illinois’ current solar capacity and will generate enough electricity to power nearly 30,000 homes.