We have a responsibility to lead in the global transition to renewable energy. We’re demonstrating that leadership by leveraging our size and scale to drive the production or procurement of 7 billion kWh of renewable energy by 2020. We’re deploying a variety of technologies and power-generation strategies, including:
In 2011, we formed our Global Renewable Energy Committee to bring representatives together from all of our markets around the world, which has enabled us to share best practices and promote the adoption and expansion of related efforts. In 2013, we took a significant step forward, as Walmart International procured 1,637 gigawatt hours (GWh) of Walmart-driven renewable energy. That’s more than double Walmart International’s total from a year ago, with Mexico and the U.K. leading the way.
We believe the certainty and scale of our commitment will inspire the manufacturers of renewable energy technology to further invest and innovate, ultimately helping accelerate speed to market and lower costs for everyone.
* Walmart-driven project initiatives the company voluntarily engages directly as owner or through contractual arrangements.
This does not include renewable energy from the local electricity grid.
** Includes large off-site wind projects, smaller on-site projects and green power purchases, most of which are from wind projects.
We’ve come a long way since the installation of our first small-scale, on-site solar project in the U.S. in 2005 and signed our first large-scale wind power purchase agreement in Mexico in 2006. At the end of 2013, we had more than 335 renewable energy projects in operation or under development across our global portfolio. These projects provide our facilities with more than 2.2 billion kWh of renewable electricity annually, accounting for approximately 32 percent of our 2020 target. Together with renewable electricity from the grid, 24.2 percent of our electricity needs globally are supplied by renewable sources.
“Walmart’s goals are not only a sign of strong leadership for the company, they can spur others around the world to take action. Walmart’s commitments show that it understands the urgency of embracing renewable energy to reduce pollution and greenhouse gases, while driving business growth that is cleaner and more efficient. WRI has provided advice on Walmart’s renewable energy strategy and has seen the company in action in the United States and in emerging markets, like India. By following through on these commitments, Walmart can set a powerful example for businesses and government officials alike who are looking to move to a more sustainable and low-carbon future.”– Andrew Steer, president and CEO, World Resources Institute
While attempting to scale renewables and accelerate efficiency globally, several unique challenges prevent some markets from adopting and expanding renewable energy as quickly as others, including:
We recognize we will not get where we need to be by working alone. Developers, suppliers and regulatory bodies need to align in order to create an environment that supports adoption.