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Wal-Mart taps SunPower subsidiary for solar installation

Posted: 09 May 2007 ?? ?Print Version ?Bookmark and Share

Keywords:solar electric power systems? renewable energy source? solar power?

SunPower Corp. announced that its PowerLight subsidiary has signed a contract with Wal-Mart Stores Inc. for solar electric power systems totaling 4.6MW in seven Wal-Mart facilities in California.

The solar installations are part of Wal-Mart's broader initiative to reduce the company's environmental footprint, and are expected to provide an average of 25 percent of Wal-Mart's energy usage at each of the seven facilities. SunPower has previously installed solar power systems on three other Wal-Mart facilities.

Wal-Mart will purchase solar-generated electricity under the SunPower Access program, which allows customers to purchase solar power under a highly flexible power purchase agreement as an alternative to an outright system purchase. At the end of Wal-Mart's multiyear power purchase agreement, the retailer will have the option to renew it, transfer the equipment to a new site, or buy the system.

"Wal-Mart is committed to finding more ways to implement and utilize renewable energy sources in our stores, clubs and distribution centers. Our solar power pilot project is a reflection of that commitment to reduce greenhouse gas emissions in Wal-Mart's operations," said Kim Saylors-Laster, VP of energy for Wal-Mart. "The SunPower Access power purchase program provides us with an easy, flexible way to generate our own clean, renewable solar energy and immediately realize substantial savings on electricity costs."

"Leading companies like Wal-Mart are turning to solar power because it makes good business sense and supports their environmental initiatives," said Tom Werner, SunPower CEO. "Our SunPower Access program makes going solar even simpler and more cost effective for customers who prefer the option of a power purchase agreement."




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