Walmart implements 46 PPAs and leases with C2 Energy Capital

10 May 2019 (Last Updated May 10th, 2019 16:20)

C2 Energy Capital and Walmart have implemented 46 power purchase agreements (PPAs) and leases to supply solar power to the US retailer’s operations in five states.

Walmart implements 46 PPAs and leases with C2 Energy Capital
C2 Energy Capital and Walmart have implemented 46 PPAs and leases to supply solar power to the US retailer. Credit: Mariana Proença on Unsplash.

C2 Energy Capital and Walmart have implemented 46 power purchase agreements (PPAs) and leases to supply solar power to the US retailer’s operations in five states.

The agreement with C2 Energy reflects Walmart’s commitment to achieving its target of powering 50% of its operations with renewable energy by 2025.

Walmart energy vice-president 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 C2 Energy Capital are moving us in the right direction toward our renewable energy goals.”

“Walmart plans to tirelessly pursue renewable energy projects that are right for our customers, our business and the environment.”

The solar installations that are part of the agreement have the capacity to generate more than 65,000,000kWh of renewable energy on an annual basis, which is sufficient energy to power around 5,500 homes.

The installations are expected to supply nearly 10% to 60% of each stores’ overall electricity use.

Last year, Walmart selected C2 Energy Capital to install 13 solar projects in South Carolina. C2 is also executing a ground-mount project at Walmart distribution centre in Laurens, South Carolina.

C2 co-founder and managing member Candice Michalowicz said: “Walmart is a seasoned expert at onsite solar generation, and they have high expectations for their vendor partners.

“We are honoured to be a part of their renewable energy programme, and the important steps they are taking that will benefit the local communities and the environment.”