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Case Study: Home Depot - Financing a Renewable and Alternative Energy Commitment

This case study from RILA tracks The Home Depot's path toward hitting their renewable energy and energy efficiency targets, established in 2015 to be met by 2020.The goal: procuring 135 megawatts (MW-ac) of energy through renewable and alternative sources by 2020; reducing total store elec Read More...

The Home Depot premieres largest solar array in D.C.

The Home Depot has installed a 554-kilowatt solar generation project at its northeast Washington, D.C. location. The project is the largest single rooftop array in the District and is expected to supply more than 9.9 million kilowatt hours of electricity to the store over a 15-year period, accountin Read More...

The Home Depot posts 20%+ decline in energy use

The Home Depot® announced that its stores have cut energy use 23.5 percent since 2010, exceeding the company's goal to reduce consumption by 20 percent by 2020, three years ahead of schedule.As part of its 2018 Responsibility Report, "A Year of Progress," the company said, "The simplest way Read More...

The Home Depot announces new targets and RE initiatives

The Home Depot has declared new emissions targets, along with commitments to wind and solar projects in 2019. The announcement came as CDP, an environmental impact non-profit, named the company to its Climate Change “A” list for its actions to cut carbon emissions and mitigate climate ri Read More...

The Home Depot reports 26% energy use reduction

The Home Depot® reported a 26% reduction of energy use by its U.S. stores in 2018 compared to 2010, ahead of its stated goal of 20%. Supply chain efficiencies implemented by the company reduced carbon dioxide intensity by 6% per dollar sold for the year.These results were presented with the Read More...

The Home Depot targets 335 MW of RE by 2025

The Home Depot announced July 23 their new goal to produce and procure energy from 335 MW of renewable and alternative energy sources by 2025 in addition to eliminating expanded polystyrene (EPS) foam and polyvinyl chloride (PVC) film from its private brand packaging by 2023.The company released the Read More...

The Home Depot inks PPA with solar + storage in Texas

The Home Depot announced Oct. 13 that it will be procuring 75 MW of clean energy from a 284 MW solar and storage project, which could be enough electricity to power more than 150 stores nationwide.The home improvement chain entered into a PPA with Enel’s U.S. subsidiary Enel Green Power North Read More...

AT&T, Honda lead corporate offtakers of largest US solar facility

AT&T and Honda are contracted to be the leading offtakers from what will be the largest solar generation facility in the United States once it is completed.The 1,310 MW Samson Solar Energy Center is currently under construction in northeast Texas by Invenergy. To fund its development, Invenergy Read More...

The Home Depot Signs 100 MW Solar PPA

Beginning in 2022, The Home Depot will receive 100 megawatts of solar electricity annually from National Grid Renewables’ Noble Project in Texas. This PPA promises to lower the home improvement brands’ carbon footprint by an annual 450,000 metric tons. This partnership follows multi Read More...

The Home Depot Targets 100% RE by 2030

The Home Depot reported July 27 that it reduced its carbon intensity by 22% in 2020 and is now committed to sourcing 100% renewable electricity for its facilities by 2030.The home improvement retailer reduced its Scope 1 and 2 carbon emissions by more than 127,000 metric tons last year. To set furth Read More...

The Home Depot ESG Report: 5 Takeaways

With the release of its 2021 ESG Report, The Home Depot reported a 22% reduction in carbon intensity while at the same time growing the business by nearly 20%. Additional progress for the year included LED lighting upgrades, participation in demand mitigation programs, and expanded use of fuel cells Read More...

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