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Walmart Invests in 74 Community Solar Projects with Solar Landscape
Slice of Energy Team
October 10, 2024
Key Highlights:
Walmart partners with Solar Landscape to develop 74 community solar projects.
Projects span 3 million sq ft of commercial rooftops in Maryland and Illinois.
43 MW (DC) capacity, enough to power over 3,600 homes.
$1 million in annual energy bill savings for subscribers, with a focus on LMI households.
40,000 tons of CO2 emissions avoided annually, equal to 40 million pounds of coal burned.
Source: Business Wire
Notable Quotes:
“Our investment in this community solar portfolio is aligned with our purpose to help people save money and live better.”
“Walmart’s investment into this community solar portfolio is an important first step in our relationship together and a catalyst for our mission to make solar more accessible and affordable across the country.”
Our Take:
This collaboration between Walmart and Solar Landscape highlights a growing trend of corporate investment in renewable energy to enhance sustainability and community engagement. The strategic placement of community solar on commercial rooftops taps into densely populated areas, where traditional power generation faces challenges, thereby adding substantial value to the grid. With nearly half of the projects benefiting low- and moderate-income households, this initiative showcases how solar projects can bridge the gap between energy accessibility and economic equity. The substantial reduction in carbon emissions and job creation further underscores the broader environmental and socio-economic benefits of such investments.