Wednesday, May 09, 2007

WalMart Cuts A Good Deal.

WalMart announced that BP Solar will install solar arrays on 7 WalMart stores in California, capable of generating 4.3 MW.

Under the deal, WalMart pays nothing and has no operation responsibility, but gets to keep all of the REC's. BP Solar likes the deal because it expands marketshare.

This is just a small piece of a larger WalMart initiative that involves a total of 22 stores in California and Hawaii. Company officials estimate that, in the aggregate, the project will 20 million kWh per year and remove 6,500-10,000 metric tons of greenhouse gas emissions per year.

BP Solar to Supply Systems for Wal-Mart Solar Power Pilot Project [BP Press Release]