Wal-Mart Stores Inc.
) has completed solar installations at 8 Walmart stores and 2
Sam's Clubs stores in Maryland. The systems were installed in
partnership with SolarCity, which installs, owns and maintains
solar power systems for Walmart. These solar panels will generate
approximately 4.1 million kilowatt hours (kWh) of electricity per
year, adequate to power nearly 370 homes.
Notably, in Mar 2013, Walmart in partnership with SolarCity,
agreed to install solar panels at 12 Walmart stores and Sam's
Clubs throughout Ohio, which are expected to add nearly 6,000,000
kilowatt hours of renewable energy per year. Last year, SolarCity
had installed Walmart's largest solar-power system at its
distribution center in Buckeye, Ariz. Walmart partnered with
SolarCity in Sep 2011 to install solar power panels in more than
60 stores in California, creating solar power for 75% of its
Walmart is well on track to reach its goal of supplying 100%
renewable energy. It has recently committed to increase the
production of renewable energy to 7 billion kWh globally every
year by Dec 2020, up 600% from 2010 levels. By 2020, Walmart will
also reduce the intensity of energy required to power Walmart's
buildings globally by 20% compared to 2010 levels.
Walmart is way ahead of other companies when it comes to the
use of renewable power. Walmart now has over 300 renewable energy
projects in operation or under development around the world.
Besides solar plant installations, Walmart has plans to develop
projects in wind, fuel cells and other technologies.
We believe that Walmart's commitment to expand and accelerate
its solar power initiative program will not only create jobs and
protect the environment but will also reduce costs for local
businesses by lowering electricity bills. We thus remain
confident that the company will continue to grow its solar energy
program in the U.S. and around the world.
Walmart holds a Zacks Rank #3 (Hold). Other stocks in the
industry that are presently doing well include
Ingles Markets, Inc.
Harris Teeter Supermarkets Inc.
). While Ingles Markets holds a Zacks Rank #1 (Strong Buy),
Supervalu and Harris Teeter carry a Zacks Rank #2 (Buy).
HARRIS TEETER (HTSI): Free Stock Analysis
INGLES MARKET A (IMKTA): Free Stock Analysis
SUPERVALU INC (SVU): Free Stock Analysis
WAL-MART STORES (WMT): Free Stock Analysis
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