GHG Emissions, Commercial, Solar - October 10, 2024
Walmart Invests in Maryland, Illinois Solar
Walmart announced the retailer will invest in 74 community solar projects in Maryland and Illinois.
The company signed an agreement with Solar Landscape, a commercial and community solar developer.
The commercial rooftop projects are currently under construction and expected to launch in 2024 and 2025. They will create nearly 43 megawatts (DC) of solar capacity for the surrounding communities.
The solar portfolio will help avoid the emissions of nearly 40,000 tons of carbon dioxide annually.
Approximately half of the portfolio is designed to reduce energy costs for low- and moderate-income (LMI) households. In total, Solar Landscape estimates that the projects will save subscribers about $1 million annually on energy bills.
“Our investment in this community solar portfolio is aligned with our purpose to help people save money and live better,” said Frank Palladino, Vice President, Renewable Energy Strategy for Walmart, in a statement. “Once operational, these projects will enhance grid infrastructure in dozens of communities in Maryland and Illinois, while expanding access to affordable clean energy and helping thousands of households save money on energy bills.”
By placing community solar projects on commercial rooftops in densely populated areas known as load pockets, where it can be difficult to generate new power using traditional means, the portfolio will add significant value to the electrical grid.
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