Walmart launches ‘Gigaton PPA’ initiative to bolster its supply chain’s renewables credentials

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Image: Walmart/Flickr.

US-based suppliers of Walmart will be able to contract for renewable energy as a cohort under a new initiative launched by the retailer alongside Schneider Electric.

Called Gigaton PPA, the programme is designed to accelerate green energy adoption by the suppliers through aggregate power purchase agreements (PPAs). Under the model, smaller tranches of a large-scale PPAs will be made available for purchase by the individual programme participants.

The initiative aims to overcome some of the challenges that smaller companies face when trying to access renewable energy, such as a lack of size needed to approach the market individually and insufficient education on the specific mechanics of green energy transactions.

While Walmart will convene the initiative and invite suppliers to join, Schneider Electric will run it through its NEO Network, a community of more than 300 corporate renewable energy purchasers and solution providers. Schneider will facilitate a project selection process to advance supplier progress towards the execution of aggregated renewable energy purchases.

“It is our honour to work with Walmart on this revolutionary programme,” said Steve Wilhite, senior vice president, Schneider Electric. “The company is demonstrating significant leadership by increasing access to utility-scale renewable energy opportunities for their suppliers as part of the Project Gigaton ambition. The GPPA programme aims to bring a significant amount of new wind and solar to the grid at a time when climate action is most urgent.”

Gigaton PPA directly supports Walmart’s Project Gigaton, which aims to avoid one gigaton of carbon dioxide from the retailer’s global value chain by 2030. To date, more than 2,300 suppliers from 50 countries are participating in that project.

Walmart currently powers an estimated 29% of its operations with renewable energy, and aims to reach 50% by 2025. The company placed sixth in the Renewable Energy Buyers Alliance’s list of largest US energy buyers in 2019, with a procurement of 541MW.

Read Next

June 15, 2021
The confidence of renewable energy investors and developers stands at an “all-time high”, a new report by the American Council on Renewable Energy (ACORE) claims, however investment must surge in the coming years if the US is to meet decarbonisation goals.
June 3, 2021
Oslo headquartered renewable power producer Scatec has announced a new partnership with ACME to develop a 900MW solar power plant in the state of Rajasthan, India.
May 20, 2021
A 150MW solar farm under development in Tennessee, US, is to power Facebook’s data centre in the state.
PV Tech Premium
May 3, 2021
Companies are purchasing solar, wind, and other forms of renewable energy more than ever before. The power purchase agreement (PPA) market in Europe has grown to a cumulative capacity of over 12GW, with a record 4GW signed in 2020. Corporate climate commitments are opening doors for investment in renewable energy, and continued price declines are convincing companies to sign new contracts. Is the European market ready to fulfil its potential? By Dr. Mercè Labordena, senior policy advisor at SolarPower Europe, and Milena Koot, communications advisor at SolarPower Europe
April 22, 2021
A round-up of the latest news from the US solar sector, including distributed solar specialist SunPower's return to large-scale power systems, panel maker Maxeon's share offering, and developer National Grid Renewables' PPA with Hershey, Home Depot and NRG.
April 21, 2021
Ingka Group, a retailer that runs the majority of IKEA stores, has allocated an additional €4 billion (US$4.8 billion) to invest in solar and wind plants.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021