Walmart has a target of procuring 100% of its energy from renewable sources by December 31, 2020. While it is a leader in using solar power in the US, it is now expanding its solar activities to India.
- Walmart India has engaged the services of rooftop installer Amplus Energy In India
- Amplus will install and commission 15 rooftop plants on Walmart’s Best Price Stores in India
- The Indian installer plans to spend $13.5 million on setting up these projects for Walmart
- Amplus has already installed a 297 kW solar rooftop panel for Walmart at its Agra outlet
Global retail chain Walmart will set up 15 PV rooftop systems on its properties in India. The plants will be installed and commissioned by Amplus Energy Solutions. Amplus Energy made news in June 2016 when it acquired 7 MW rooftop capacity from SunEdison. Amplus is backed by I-Squared Capital, a US private equity firm with $3 billion of assets under management.
Previously, Amplus had commissioned a 297 kW solar rooftop panel for Walmart India’s Best Price Store in Agra. Walmart will be getting solar rooftops for its 15 Best Price stores in India. The two companies have signed on a power purchase agreement (PPA).
Indian news agency PTI reported that Amplus will be investing 900 million INR ($13.54 million) to install and commission the projects for Walmart. It will use the funds out of $150 million it raised from I Squared Capital in 2015.
Walmart owns and operates 21 Best Price outlets in India. In the next four to five weeks, Amplus plans to commission 11 more rooftop PV plants for the company. These are located in Punjab, Madhya Pradesh, Uttar Pradesh, Rajasthan and Andhra Pradesh.
Walmart India President and CEO Krish Iyer said, “We have pledged to meet 50% of our energy needs through renewable energy and this partnership is testimony to the commitment. We are pleased that the rooftop solar plant has been commissioned at Agra and we will be monitoring the power generation through Amplus’ cloud based software.”
Walmart is aiming to be powered by 100% renewables, especially wind and solar. It wants to procure 7 billion kWh of renewable energy globally by December 31, 2020.
The Solar Energy Industry Association (SEIA) of the US ranked Walmart on the top among Top 25 companies by solar capacity in the US in 2015, as well as for its number of installations.