Tuesday, May 08, 2007

Wal- Mart goes Solar

Wal-Mart Announces Solar Power Pilot - major step toward its goal of being supplied by 100 percent renewable energy

Wal-Mart Stores, Inc. (NYSE: WMT)'s news yesterday of going green with solar technology -
Wal-Mart announced a major purchase of solar power from three solar power providers, BP Solar, SunEdison LLC, and PowerLight, a subsidiary of SunPower Corporation, for 22 combined Wal-Mart stores, Sam's Clubs and a distribution center in Hawaii and California. As part of a pilot project to determine solar power viability for Wal-Mart, the total solar power production from the 22 sites is estimated to be as much as 20 million kWh (kilowatt- hours) per year. When fully implemented, the aggregate purchase could be one of the U.S., if not the world's, top-10 largest ever solar power initiatives.
The solar power pilot project is a major step toward Wal-Mart's goal of being supplied by 100 percent renewable energy. Each solar power generating system installed can provide up to 30 percent of the power for the store on which it is installed. By Wal-Mart's estimates, installing the solar power systems will help reduce greenhouse gas emissions by 6,500-10,000 metric tons per year.

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