U.S. based investor in renewable energy and storage assets, C2 Energy Capital, announced on May 8 that it executed 46 Power Purchase Agreements and leases with Walmart Inc. to provide solar power at the retailer’s operations in five states.
These agreements represent a tangible commitment by Walmart to achieve the retailer’s goal to have 50 percent of its operations powered by renewable energy by 2025.
The solar installations will produce more than 65,000,000 kWh of renewable energy annually, enough energy to power nearly 5,500 homes, and are expected to supply approximately 10-60 percent of each stores’ overall electricity use.
Mark Vanderhelm, vice president of energy for Walmart Inc 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 C2 Energy Capital are moving us in the right direction toward our renewable energy goals.”
This landmark commercial solar deal comes one year after Walmart chose C2 Energy Capital to install 13 solar projects in South Carolina, some of the first projects to take advantage of solar incentives in the state. The rooftop projects are all currently in operation, with the exception of a ground-mount project that is underway at a Walmart distribution center in Laurens, SC.
Candice Michalowicz, Co-founder and Managing Member of C2 said:
“Walmart is a seasoned expert at onsite solar generation, and they have high expectations for their vendor partners. We are honored to be a part of their renewable energy program, and the important steps they are taking that will benefit the local communities and the environment.”
Source: Press Release by C2 Energy Capital.