Walmart has agreed to purchase nearly 80% of the output generated from Akuo Energy’s 50-MW Texas wind farm.
Chicago-based Akuo Energy has signed a power purchase agreement (PPA) with Walmart for 50 megawatts (MW) of capacity from the Rocksprings Wind Farm near DelRio, Texas. When complete in the third quarter of 2016, the Rocksprings Wind Farm will produce annually enough green electricity to power the equivalent of approximately 57,500 homes.
Walmart has agreed to purchase 80% of the expected output from 50 MW of the project for a period of 12 years.
“We are very pleased to sign this power purchase agreement with the world’s largest retailer, Walmart. The Rocksprings Wind Farm is Akuo Energy’s first project under construction in the United States, and we look forward to continued collaboration with sustainable-minded companies like Walmart,” said Thomas Coté, CEO of Akuo Energy USA. “Corporations across America should take note of the leadership and vision displayed by Walmart in implementing this renewable energy strategy.”
The Rocksprings Wind Farm is part of Akuo Energy’s portfolio of wind energy development projects totaling over 1,000 MW in the U.S. Akuo Energy is also in the process of developing and launching a solar energy platform. Akuo Energy’s activities in the U.S are managed from Chicago by its subsidiary Akuo Energy USA, Inc.
“The Akuo PPA is a welcome addition to our renewable energy portfolio, and will provide power to more than 350 Walmart stores, Sam’s Clubs, and Distribution Centers in Texas,” said Shannon Letts, senior VP of Walmart Realty. “We are constantly working to scale Walmart’s use of renewable energy, and each project like this helps us get closer to our goal to produce or procure seven billion kilowatt-hours (kWh) of renewable energy globally by 2020.”
Akuro Energy USA, Inc.
www.akuoenergy.com
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