Walmart Signs Deal With C2 Energy Capital For 46 Solar Projects Across US

Walmart Signs Deal With C2 Energy Capital For 46 Solar Projects Across US

C2 Energy Capital, LLC 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.

Walmart rooftop solar

Founded in 2014, C2 Energy Capital, LLC 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.

These solar project 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.

“Solar is a vital component of Walmart’s expanding renewable energy portfolio,” said Mark Vanderhelm, vice president of energy for Walmart Inc. “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 aims of being supplied by 50% renewable energy by 2025 from a current 28%. This considers the combined contribution of the renewable energy credits and power generated from on-site and off-site projects, as well as renewable energy that Walmart receives from utility-owned renewable generation feeding into the grids where its sites are located.

“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,” said Candice Michalowicz, Co-founder and Managing Member of C2.

This deal comes one year after Walmart chose C2 Energy Capital to install 13 solar projects in South Carolina. The rooftop projects as part of this deal are all currently in operation, and a ground-mount project is underway at a Walmart distribution center in Laurens.

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