Dive Brief:
- Wal-Mart Stores, Inc. has announced new contracts with SolarCity and SunEdison to install solar panels at up to 400 of its stores and distribution centers nationwide in the next four years.
- The retail giant says the deal will help it meet its goal of sourcing 100% of its electricity from renewable sources by 2020.
- Installation size will vary by location, but Wal-Mart says smaller systems will likely provide 10% to 20% of a facility's electrical needs, while larger systems will contribute 20% to 30%.
Dive Insight:
Besides generating positive headlines in the press, this sustainability goal will also help Wal-Mart cut down overhead costs for its U.S. stores, Sam's Clubs, and distribution centers. At a time when it is receiving some flack for other feel-good actions, the retailer could use the PR boost ahead of the holiday season.