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Walmart contracts more solar power, issues ESG report

Rooftop solar installation on Walmart store. Source: C2 Energy Capital, LLC

May 8 (Renewables Now) - US retailer Walmart Inc (NYSE:WMT) is supplying solar power to its operations in five states through 46 power purchase agreements (PPAs) and leases executed by renewables investor C2 Energy Capital LLC, the latter announced today.

Walmart’s stores will benefit from more than 65,000,000 kWh of annual solar power generation that is enough to meet the consumption of almost 5,500 homes. The output of the contracted solar parks will be able to cover about 10% to 60% of each store’s overall electricity use, C2 Energy said in a statement.

The renewable energy firm is also currently executing a ground-mount solar project at a Walmart distribution centre in Laurens, South Carolina, as part of a commercial solar deal that was signed with the retailer a year ago. The specific deal also included a number of rooftop projects in the same state, all of which are now in operation.

Meanwhile, Walmart issued its inaugural Environmental, Social and Governance (ESG) report, which shows that the company has achieved a 6.1% reduction in Scopes 1 and 2 annual greenhouse gas emissions in 2017 compared with 2015. Its suppliers, in turn, have avoided over 93 million tonnes of emissions over the last two years as part of the so-called Project Gigaton.

Walmart has set a target for itself to power 50% of its operations with renewable energy by 2025. The company reported that 28% of its electricity needs are now covered with renewables, taking into consideration the combined contribution of renewable energy credits, power generated from onsite and offsite projects and energy received from utility-owned renewable generation.

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Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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