Walmart signed 46 PPA for solar projects across the US with C2 Energy Capital
Post date: 08/05/2019 - 18:01
C2 Energy Capital, LLC executed 46 Power Purchase Agreements (PPA) and leases with Walmart Inc. to provide solar power at the retailer's operations in five states of the USA. Walmart targets 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, and it is expected to supply approximately 10-60 percent of each stores' overall electricity use.
In 2018, 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, South Carolina.
C2 Energy Capital is an investor in renewable energy and storage assets. The firm provides capital and support services for the development and construction of assets as part of a long-term ownership strategy.