C2 Energy Capital announced today that it has signed 46 power purchase agreements and leases with Walmart to supply solar power to the retailer’s operations in five states. These agreements represent a tangible commitment by Walmart to meet the retailer’s goal of having 50% of its operations powered by renewable energy by 2025. The solar installations will produce more than 65,000,000 kWh of renewable energy per year, enough energy to power nearly 5,500 homes, and is expected to provide about 10 to 60% of each store’s total electricity consumption.
“Solar power is a critical part of Walmart’s expanding renewable energy portfolio,” said Mark Vanderhelm, vice president of energy for Walmart. “Walmart plans to tirelessly pursue renewable energy projects that are good for our customers, our business and the environment. These projects planned with C2 Energy Capital are moving us in the right direction towards our renewable energy goals.
The landmark commercial solar deal comes a 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 except for one ground project which is underway at a Walmart distribution center in Laurens, SC.
“Walmart is a seasoned expert in on-site solar power generation and has high expectations of its supplier partners. We are honored to be a part of their renewable energy program and the important steps they are taking that will benefit local communities and the environment, ”said Candice Michalowicz, Co-Founder and Managing Member of C2.
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