Walmart Installs Solar Panels in 60 Additional California Locations
September 22, 2011 9:53 AM
comment(s) - last by
Once the 60 additional Walmart stores receive solar panels, the company's solar portfolio will total over 75 percent of its stores in California
Walmart is taking part in the
adoption of greener technologies
throughout California by installing solar panels on its stores. It announced today that it will install solar panels on 60 more California stores.
"California presents a great opportunity for Walmart to make significant progress toward our sustainability goals by installing solar power on more than 130 store rooftops throughout the state," said Kim Saylors-Laster, Walmart vice president of energy. "Walmart has reduced energy expenses by more than a million dollars through our solar program, allowing us to pass these
savings on to our customers
in the form of everyday low prices."
Walmart has partnered with SolarCity in this endeavor, which is a San Mateo, California-based solar company that will install and maintain the new systems.
Once the 60 additional Walmart stores receive
, the company's solar portfolio will total over 75 percent of its stores in California. This will generate up to 70 million kilowatt hours of clean, renewable energy per year, which can power 5,400 homes. This total effort will also provide 20 to 30 percent of each store's electric needs, and avoid the production of more than 21,700 metric tons of carbon dioxide emissions annually. This is equivalent to taking 4,100 cars off of the road.
"Walmart's effort to expand and accelerate its solar power initiative program here in California demonstrates their commitment to sustainability," said Mary D. Nichols, Chair of the California Air Resources Board. "These kinds of projects create jobs, reduce costs for businesses by lowering power bills, and
protect the environment
. We appreciate Walmart's leadership and encourage other businesses to follow Walmart's lead."
Walmart's efforts has created more than 500 new full-time jobs since the beginning of this project, and expects to hire "hundreds" more before the end of the year.
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RE: Price Tag?
9/23/2011 12:40:53 PM
Gee the paranoiacs, conspiracy theorists, and mathematically challenged jumped in on this one feet first. Did anybody really read the article? Solar City does the install in a leasing package. They are making a business of it. They have already done the heavy lifting. They provide design, installation, and maintenance all bundled with financing in the form of a lease most likely. So what if a side benefit is some PR? This sort of thing is done all the time in large businesses. It has to make sense economically or they would not have done it.
By the way Walmart having cash “unlike the public schools” has nothing to do with whether a public school should do this or not. Your lack of understanding of that issue is profound. Leasing is just another way of financing something and for the most part very little cash goes out compared to just writing a check. In fact if a public school could get a good lease from a supplier like SolarCity (or anybody else on anything else leasable) it might allow them to hang on to a pile of cash.
I say the more the merrier on this solar thing. Let Walmart and other large institutions put up panels till their hearts are content. Let them make it up with the economies of scale. All the better for the rest of us and the sooner this technology will drop in price.
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