Submitted by Wal-Mart Stores, Inc.
BENTONVILLE, Ark., Nov. 20 /PRNewswire-FirstCall/ -- Today Wal-Mart Stores, Inc. (NYSE: WMT), announced its first substantial purchase of wind energy in the U.S. The wind power will supply up to 15 percent of the retailer's total energy load in approximately 360 Texas stores and other facilities.
The renewable energy will come from a Duke Energy wind farm under construction in Notrees, Texas, and is expected to begin producing electricity for Wal-Mart by April of 2009.
"We're purchasing renewable power at traditional energy rates," said Kim Saylors-Laster, vice president of energy for Wal-Mart. "The wind power purchase will result in a significant decrease of greenhouse gas emissions and aligns perfectly with Wal-Mart's long-term goal of being supplied by 100 percent renewable energy."
The project will provide roughly 226 million kilowatt-hours (kWh) of renewable power each year or the energy equivalent of washing 108 million loads of laundry -- enough for every household in Austin, Texas to do laundry for a year. By purchasing this amount of clean, renewable energy, Wal-Mart will avoid producing more than 139,000 metric tons of carbon dioxide (CO2) emissions per year. This is equal to taking approximately 25,000 cars off the road or eliminating the CO2 produced by 18,000 homes annually.
"Wal-Mart's action shows that low-carbon technology is increasingly competitive and long-term sustainability is a winning business strategy," said Andrew Aulisi, director of the markets & enterprise program at the World Resources Institute. "Wal-Mart's smart and innovative approach should be used more widely."
The wind purchase is another example of Wal-Mart's ongoing commitment to become a more sustainable company and serves as a complement to its solar project announced last year. In May 2007, Wal-Mart announced it would equip up to 22 locations in Hawaii and California with solar panels. Wal-Mart estimates the solar power systems are helping reduce greenhouse gas emissions by 6,500-10,000 metric tons per year.
By integrating wind power into its electricity load, Wal-Mart is building on its diversified energy portfolio and creating more opportunities for advancements in clean energy through research and innovations. This power purchase in the deregulated market territory in Texas is expected to support the creation of green jobs at the West Texas facility. Wal-Mart will use the results of its wind power purchase to explore additional ways to achieve its goal of being supplied by 100 percent renewable energy.
About Wal-Mart Stores, Inc. (NYSE: WMT)
Wal-Mart Stores, Inc. operates Wal-Mart discount stores, supercenters, Neighborhood Markets and Sam's Club locations in the United States. The Company operates in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom and, through a joint venture, in India. The Company's securities are listed on the New York Stock Exchange under the symbol WMT. More information about Wal-Mart can be found by visiting http://www.walmartstores.com. Online merchandise sales are available at http://www.walmart.com and http://www.samsclub.com.
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, more than 200 million customers and members visit our 10,700 stores under 69 banners in 27 countries and e-commerce websites in 10 countries. With fiscal year 2013 sales of approximately $466 billion, Walmart employs more than 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart and on Twitter at twitter.com/walmartgreen. Online merchandise sales are available at www.walmart.com and www.samsclub.com.
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